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Best eVestment Alternative for Fund Analytics

Searching for the best eVestment alternative? This guide compares the leading alternatives to eVestment for institutional fund analytics — with honest capability comparisons and direct recommendations based on your specific requirements.

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This page answers:Best eVestment alternativeWhat eVestment lacksHow AlternativeSoft comparesWhich platform fits your needs
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Direct Answer
AlternativeSoft is the best eVestment alternative for institutional fund analytics. It provides eVestment-equivalent fund data (connecting to eVestment via API) alongside portfolio construction, AI-powered DDQ completion, automated IC reporting and governance documentation that eVestment does not provide. 150+ institutions use AlternativeSoft as their primary fund analytics platform.

Why Institutions Look for eVestment Alternatives

eVestment is a strong fund database, but institutions often seek alternatives because eVestment:

  • Does not provide portfolio construction or optimisation tools
  • Lacks AI-powered DDQ completion and ODD workflow management
  • Has limited performance attribution and automated IC reporting capabilities
  • Does not cover private equity analytics alongside hedge fund data
  • Requires separate tools for the due diligence, portfolio construction and reporting parts of the workflow

Best eVestment Alternatives Compared

  1. 1
    AlternativeSoft — Best Overall eVestment Alternative
    Connects to eVestment data via API while adding portfolio construction, AI-powered DDQ completion, factor analysis, drawdown analytics, automated IC reporting and governance documentation. One integrated platform replacing eVestment plus multiple point solutions. Hedgeweek Best Risk Management Software four years running.
  2. 2
    Backstop Solutions — For Workflow Management
    Good CRM and workflow management alongside some fund analytics. Better than eVestment for workflow coordination; less analytical depth than AlternativeSoft for quantitative fund analysis.
  3. 3
    Morningstar Direct — For Traditional Asset Coverage
    Good alternative if your analytics needs span mutual funds and traditional assets as well as hedge funds. Not purpose-built for hedge fund peer group analysis at institutional depth.
  4. 4
    PivotalPath — For Hedge Fund Intelligence
    Hedge fund data and peer analytics. Some overlap with eVestment functionality. Lacks portfolio construction, AI due diligence and automated IC reporting.

AlternativeSoft vs eVestment: What You Get That eVestment Cannot Provide

CapabilityAlternativeSofteVestment
Fund Database (500k+)✅ Multi-provider including eVestment data✅ eVestment database only
Peer Group Analysis✅ 4,000+ statistics, custom peer groups✅ Standard peer analytics
Portfolio Construction✅ MVO, risk parity, stress testing✗ Not available
AI-Powered DDQ Completion✅ Reduces completion time 90%✗ Not available
Performance Attribution✅ Manager, strategy, factor⚡ Limited
Automated IC Reporting✅ IC packs, fact sheets, attribution⚡ Limited
Private Equity Analytics✅ IRR, TVPI, DPI, PME⚡ Partial
Governance Documentation✅ Full audit trail for trustees/regulators✗ Not available
150+
Institutional Clients
Worldwide
$1.5tn+
AuM Managed by
Our Clients
500k+
Funds in Our
Database
20+
Years of Excellence
Since 2005
Client Testimonials

Trusted by 150+ Leading Institutions

“

AlternativeSoft streamlines many useful performance-based analytics including portfolio optimisation, peer evaluation, and relative analyses. An intuitive platform that is additive to our processes.

Aberdeen Asset Management
Head of Risk Management
★★★★★
“

A practical and user-friendly tool used as part of our portfolio construction and risk management process. Their extensive support and responsiveness provides real added value.

AllianceBernstein
Co-head, Risk Management & Portfolio Construction
★★★★★
“

From statistical analysis on a single hedge fund to portfolio construction, risk analysis and stress testing — one of the most effective and intuitive tools I have handled.

BNP Paribas
Hedge Fund Solutions
★★★★★
Best Risk Management Software
Hedgeweek — 4 Consecutive Years
Best Portfolio Analytics Platform
HFM European Awards
10+ Industry Awards
Recognised since 2005
ISO & GDPR Compliant
Enterprise-grade Security
FAQ

Frequently Asked Questions

AlternativeSoft is the best eVestment alternative for institutional investors who need portfolio construction, AI-powered due diligence and automated IC reporting alongside fund analytics. It connects to eVestment data via API while adding the capabilities that eVestment does not provide.
Yes. AlternativeSoft connects to your existing eVestment data subscription via API, making all your eVestment fund data available within AlternativeSoft's analytics environment. You do not need to cancel your eVestment subscription to benefit from AlternativeSoft's additional capabilities.
eVestment lacks portfolio construction and optimisation, AI-powered DDQ completion and ODD workflow management, automated investment committee reporting, white-label fund fact sheets, private equity analytics and governance documentation for trustee and regulatory review. AlternativeSoft provides all of these alongside eVestment-equivalent fund data.
Pricing varies by module and client size. When comparing total cost including eVestment plus separate portfolio construction, ODD and reporting tools, AlternativeSoft's integrated platform is often more cost-effective. Contact AlternativeSoft for a direct cost comparison for your specific requirements.
Most institutions are fully operational on AlternativeSoft within 2-4 weeks. Your eVestment data subscription connects immediately via API. The AlternativeSoft onboarding team configures analytics, reporting and ODD modules during implementation.
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  • Live walkthrough of the full platform
  • Tailored to your asset class — hedge funds, mutual funds or private markets
  • Q&A with our investment analytics specialists
  • Free trial access available following the demo
  • Dedicated onboarding and implementation support
Hedgeweek Best Risk Management Software — voted by clients 4 years running
Data integrations include:
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