Envision Launches AltsKeeper Platform for Servicing Alternative and Semi-Liquid Products
Envision Financial Systems, a provider of investor recordkeeping technology and services, has launched AltsKeeper, a bundled solution designed to help transfer agents and broker-dealers support a broad range of alternative and semi-liquid investment products on a single, configurable platform.
According to Envision estimates, the number of semi-liquid and other alternative investment products on its platform has doubled over the last three years. That rapid growth is consistent with industry data showing interval funds and tender offer funds exploding to $237 billion as of the end of 2025 with year-to-date fundraising through November 2025 at $67 billion – a 34% jump from the $50 billion raised in all of 2024. This is according to recent data from investment banking firm Robert A. Stanger & Company Inc.
Envision estimates that more than 35% of the semi-liquid registered fund market is accounted for using Envision’s alternative investment recordkeeping capabilities.
AltsKeeper brings together, under one name and operating model, Envision’s capabilities for servicing interval funds, tender offer funds, real estate investment trusts, business development companies, and other private market and hybrid product structures in a single operating environment. The solution is meant to eliminate reliance on spreadsheets, point solutions, and manual processes that often emerge as firms expand alternative investment offerings.
“Product complexity has become one of the main constraints to operational productivity when it comes to growth in private and semi-liquid markets,” said Brian Jones, chief operating officer at Envision. “AltsKeeper reflects the realities of our clients’ businesses today – supporting multiple product structures, managing complex workflows, and integrating with distributors – without adding layers of additional software or side processes.”
Given increasing operational complexity around subscription processing, liquidity events, data integration, and investor communications, Envision said it has seen new business opportunities emerge and has signed several new clients as firms assess their operating models.
As firms consolidate alternative products onto one platform with AltsKeeper, according to Envision, they can unify workflows, data, and reporting while maintaining the flexibility to support product-specific requirements such as non-daily liquidity, customized trading calendars, complex fee structures, and bonus shares.
“Many firms have reached a point where alternative investment product growth is being managed through a patchwork of tools and manual work,” Jones said. “AltsKeeper is designed to simplify and unify that environment – bringing key workflows, data, and integration together so teams can focus on execution rather than workarounds.”
Founded in 1994, Envision is headquartered in Costa Mesa, Calif., and also serves clients from offices in Denver, Colo., and Bangalore, India. Envision supports more than $8.5 trillion of investor assets.
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