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Best eVestment Alternative for Fund Analytics

Searching for the best eVestment alternative? This guide explains what institutional teams look for in an eVestment alternative and how AlternativeSoft meets those needs, including how it works with the eVestment data you already license.

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Direct Answer
AlternativeSoft is the best eVestment alternative for institutional fund analytics. It connects to eVestment data via API and combines it with portfolio construction, AI-powered DDQ completion, automated IC reporting and governance documentation in one platform. 150+ institutions use AlternativeSoft as their primary fund analytics platform.

Why Institutions Look for eVestment Alternatives

eVestment is a widely used fund database and analytics product. Institutions that look for an alternative typically want a single platform that also covers:

  • Portfolio construction and optimisation
  • AI-powered DDQ completion and ODD workflow management
  • Performance attribution and automated IC reporting
  • Private equity analytics alongside hedge fund data
  • Due diligence, portfolio construction and reporting in the same workflow as manager research

Why AlternativeSoft Is the Best eVestment Alternative

  1. 1
    Works with your eVestment data
    Connects to an existing eVestment data subscription via API, alongside Bloomberg, Morningstar, HFR, Preqin and other providers.
  2. 2
    One integrated platform
    Portfolio construction, AI-powered DDQ completion, factor analysis, drawdown analytics, automated IC reporting and governance documentation in one place.
  3. 3
    Proven with institutions
    Used by 150+ institutions and named Hedgeweek Best Risk Management Software four years running.

What AlternativeSoft Adds Alongside Your eVestment Data

CapabilityAlternativeSoft
Fund Database (500k+)✅ Multi-provider, including eVestment data via API
Peer Group Analysis✅ 4,000+ statistics, custom peer groups
Portfolio Construction✅ MVO, risk parity, stress testing
AI-Powered DDQ Completion✅ Reduces completion time by up to 90%
Performance Attribution✅ Manager, strategy, factor
Automated IC Reporting✅ IC packs, fact sheets, attribution
Private Equity Analytics✅ IRR, TVPI, DPI, PME
Governance Documentation✅ Full audit trail for trustees and regulators

Vendor capabilities and pricing change frequently. Confirm current features directly with each provider before making a decision. Product names are trademarks of their owners, and AlternativeSoft is not affiliated with or endorsed by them.

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, so that data remains available in the same platform.
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.
AlternativeSoft provides 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.
Pricing varies by module and client size. When comparing options, consider the total cost of your fund database together with any separate portfolio construction, ODD and reporting tools. Contact AlternativeSoft for a quote based on 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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See AlternativeSoft
in Action

Join 150+ institutional investors who rely on AlternativeSoft to select and monitor funds. Book a personalised demo with our team today.

  • 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:
BloombergeVestmentMorningstarPreqinPitchbookHFR

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