Fair comparison, updated 2 November 2026
Used by 5 of the world's 10 largest hedge fund selectors

Centrl Alternative
AlternativeSoft vs Centrl, Compared Fairly

A comparison you can trust has to be honest about what each platform does. This page describes Centrl only in its own words, sets out exactly what AlternativeSoft does for investor and operational due diligence workflow, and gives you eight questions to ask both so the decision is made on your own funds.

Last updated 30 October 2026.

In short

If you are evaluating Centrl for due diligence and third-party risk workflow, this page sets out what AlternativeSoft does for the same job, so you can compare the two on your own funds. We describe Centrl only in the terms it uses for itself on its own website, as of 2 November 2026, and we make no claims about its features or pricing. Where the two products do different jobs, we say so; ODD, compliance and operational risk teams commonly run both.

AlternativeSoft at a glance

  • 2005Founded, London
  • 150+Institutional clients
  • $1.5tn+Client assets under management
  • 500,000+Funds in the database
  • 4,000+Statistics
  • 4 yearsHedgeweek Best Risk Management Software
Positioning

How each platform describes itself

Two short descriptions, each in the vendor's own terms. The overlap is investor and operational due diligence workflow.

Centrl

Centrl describes itself as a due diligence and third-party risk management platform covering investor due diligence, vendor risk and fund oversight workflows. Source: oncentrl.com, accessed 2 November 2026.

AlternativeSoft

AlternativeSoft is an investment analytics and due diligence platform for institutional investors and fund managers: Fund screening across 500,000+ funds, peer group and factor analysis, portfolio construction and risk, AI-assisted operational due diligence, automated reporting and an AI assistant connector, on one database, since 2005.

How to compare

Eight questions to put to both vendors

Our answers are below. Put the same questions to Centrl and compare the answers on your own funds rather than on either vendor's marketing.

QuestionAlternativeSoft's answerCentrl
How many funds, and from which providers, are in the database?500,000+ hedge funds, mutual funds, UCITS, ETFs, private equity and private credit funds from Bloomberg, Morningstar, Lipper, eVestment, Preqin, HFR and 10+ further providers, reconciled into one database.Ask Centrl and compare.
How many statistics can I screen and rank on, and can I build my own peer groups?4,000+ risk-adjusted statistics; custom peer groups by strategy, region, size, fee or named list, saved for ongoing ranking.Ask Centrl and compare.
Is due diligence in the same platform as the analytics?Yes. The Due Diligence Exchange completes and reviews DDQs with AI, extracts data from fund documents, flags compliance issues and keeps every file in one hub, on the same manager record as the analytics.Ask Centrl and compare.
Can private markets and liquid funds sit in one portfolio?Yes. ILPA import, Yale-model cash flow forecasting, IRR, TVPI and DPI sit beside monthly returns, with stress tests across both.Ask Centrl and compare.
What does reporting look like, and can it be white-labelled?Up to 100 reports per scheduled run, 50+ templates, white-labelled factsheets, interactive FluidView links, Power BI connector and Excel API.Ask Centrl and compare.
Can my team query it with an AI assistant?Yes. AlternativeSoft MCP lets Claude, ChatGPT and Microsoft 365 Copilot run peer groups, statistics and reports on your own data in plain language.Ask Centrl and compare.
Who else uses it, and for how long?150+ institutions managing over $1.5tn, including 5 of the world's 10 largest hedge fund selectors, since 2005. Hedgeweek Best Risk Management Software 2022 to 2025.Ask Centrl and compare.
How is it priced?Annually, by users and modules, not by assets. Marketplace listing for managers is free. Quotation after a demonstration.Ask Centrl and compare.
Fit

AlternativeSoft is likely the right choice if

  • You select or monitor external managers and want research, due diligence, portfolio construction and reporting on one database rather than in separate tools.
  • Your portfolio holds hedge funds, private markets and public funds and you need them analysed on one consistent basis.
  • You are a manager who wants to see your fund the way the 150+ allocators on the platform see it, and answer their questionnaires with AI.
  • You want your team to query the platform through Claude, ChatGPT or Copilot.
Be honest with yourself

A different tool may fit better if

  • If your programme is centred on vendor and third-party risk rather than fund selection, a risk-workflow specialist may fit better.
  • You have a single narrow requirement and no plan to extend the workflow beyond it.
  • Your data arrives in a form only a specialist tool ingests; ask us, because the answer is usually that we import it.
Running both, or switching

How AlternativeSoft works alongside or instead of Centrl

Most evaluations end in one of three places. All three are supported.

Run both

AlternativeSoft imports returns, holdings and documents from spreadsheets, provider feeds and most third-party systems, so it can sit beside an existing tool for the jobs that tool does not do.

Pilot on your own funds

Send us the funds you hold or follow. We load them, run the peer groups, risk and a report, and you compare the output with what you have today. No commitment.

Migrate

If you decide to consolidate, your document library, templates and user setup are migrated with AlternativeSoft's support, and most clients are live within weeks.

Free 14-day trial

Trial access is available after the demonstration, so the comparison is made on your data rather than on either vendor's claims.

Compare on Your Own Funds, Not on Marketing

Send us three funds you hold or are evaluating. We will show you the AlternativeSoft output on each, side by side with whatever you use today, in a 45-minute session.

Disclosure

About this comparison

Centrl is a trademark of its owner. AlternativeSoft has no affiliation with Centrl and this page is not endorsed by it. Descriptions of Centrl are limited to how it describes itself publicly, as of 2 November 2026; we do not assess its features, performance or pricing, and anything not stated here should be confirmed with Centrl directly. Statements about AlternativeSoft are our own and can be verified in a demonstration. If you represent Centrl and believe anything on this page is inaccurate, write to marketing@alternativesoft.com and we will review it promptly.

Frequently Asked Questions

Common questions

Is AlternativeSoft an alternative to Centrl?

For investor and operational due diligence workflow, yes: AlternativeSoft covers that job on a database of 500,000+ funds with 4,000+ statistics, due diligence and reporting in the same platform. If your programme is centred on vendor and third-party risk rather than fund selection, a risk-workflow specialist may fit better.

Can AlternativeSoft replace Centrl?

It depends on what you use Centrl for. Where the jobs overlap, clients do consolidate onto AlternativeSoft. Where Centrl does something AlternativeSoft does not, the two run side by side and AlternativeSoft imports the data. The pilot on your own funds is the way to find out.

How do I compare AlternativeSoft and Centrl fairly?

Put the same eight questions on this page to both vendors, then run both on three of your own funds. Compare outputs, not brochures. AlternativeSoft offers that pilot and a 14-day trial after the demonstration.

Does this page make claims about Centrl?

No. It describes Centrl only in its own public terms, as of 2 November 2026, and makes no assessment of its features, performance or pricing. Everything else on the page is about AlternativeSoft.

What does AlternativeSoft cost compared with Centrl?

We do not publish Centrl's pricing and do not characterise it. AlternativeSoft is licensed annually by users and modules rather than by assets, with a quotation provided after a demonstration; the manager marketplace listing is free.

Who uses AlternativeSoft?

150+ institutional investors and fund managers managing over $1.5tn, including pension funds, endowments, family offices, fund of funds, consultants, wealth managers and hedge fund managers, and 5 of the world's 10 largest hedge fund selectors.
Request a side-by-side

Three Funds You Hold. Our Output Next to Yours.

Tell us which platform you are evaluating and name up to three funds you hold or are considering. We load them, run the peer groups, risk and a report, and walk you through the output beside whatever you use today. Forty-five minutes, no commitment, free trial access afterwards.

  • Your funds ranked in the peer group allocators use
  • Risk, factor exposure and a branded report on each
  • Honest answers to the eight questions, on your data
  • We respond within one business day

Request Your Side-by-Side

Complete the form and we will be in touch within one business day.

Request a Side-by-SideThree of your funds, our output next to yours.