Allvue costs $201K/year and takes 6 months to implement. Ledgerly costs $18K and takes 30 days.
Both solve LP reporting. For very different fund sizes — and very different budgets.
If your fund is under $500M AUM, Allvue's $77K minimum contract and 6-month onboarding weren't built for you. Ledgerly was.
Allvue's median annual contract is $201,144.
For a $300M fund at a 2% management fee, that's 3.3% of gross revenue — before salaries, legal, or audit. Ledgerly's Starter plan is $18,000/year. The 10x gap is the point.
Time to first LP report
A fund that starts evaluating Allvue in Q3 won't be live before Q1 of the following year — missing two full reporting cycles.
Bar width = relative implementation time (6-month max scale)
Side-by-side: Allvue vs FundCount vs Ledgerly
Every row is where the same task — LP reporting — gets solved differently depending on fund size.
| Capability | Allvue | FundCount | Ledgerly |
|---|---|---|---|
| Annual price | $201,144 median ($77K–$939K) | From ~$34,899 | $18,000 Starter / $30,000 Growth |
| Onboarding timeline | 3–6 months | Moderate (weeks–months) | <30 days |
| Public pricing | No — quote required | Partial | Yes — published tiers |
| LP report automation | Partial — portal ≠ accounting engine; manual re-keying | Accounting-to-portal traceability | Native AI-assisted LP report generation |
| ILPA template support | Supported but manual formatting | Supported | Auto-generated from live fund data |
| Minimum AUM fit | >$500M (implicit floor) | >$100M | $50M+ emerging managers |
| Integration connectors | Enterprise integrations (custom build) | Accounting-focused | Connects to Affinity, Carta, PitchBook |
Your fund is above $500M AUM with a dedicated ops team
Allvue Systems is a genuinely powerful platform built for the complex, multi-fund reporting needs of large PE and VC firms. If your fund has $500M+ AUM, a dedicated CFO and operations staff, and multi-fund consolidation requirements — Allvue is a rational choice at an enterprise price.
- AUM above $500M
- Dedicated operations team (5+ people)
- Multi-fund consolidation requirements
- Budget approved for 6-month implementation
- Willing to pay $77K–$939K/year
You're an emerging manager who needs LP reports this quarter
Funds in the $50M–$300M AUM range with small teams and no dedicated IR staff. Already paying for Affinity, Carta, or PitchBook. Need compliant, branded LP reports without a 6-month implementation project.
- AUM $50M–$500M (emerging to mid-market)
- Team of 2–10 (no dedicated ops staff)
- Quarterly LP reporting is the immediate pain
- Live in one reporting cycle, not two quarters from now
- Transparent pricing you can budget without a sales call
Why sub-$500M funds get stuck with Allvue
These aren't bugs — they're features of a platform built for a different segment. For emerging managers, they're blockers.
No public pricing
Procurement teams at sub-$500M funds can't build a business case without a number. A "request a demo" gate kills deals where the GP is also the CFO.
3–6 month onboarding
Start evaluating in Q3, go live in Q1 — missing two full reporting cycles. Implementation assumes a dedicated ops team most emerging managers don't have.
LP portal disconnected from accounting engine
Data flows accounting → manual export → portal. Re-keying errors and delays are structural, not edge cases. A GP-to-LP report still requires manual assembly steps.
No ILPA template automation
Allvue supports ILPA-aligned reporting but does not auto-generate ILPA-formatted templates from live fund data. GPs still build the template manually each quarter.
Scope creep by design
Pricing depends on modules, users, fund complexity, integrations, and support tier. Buyers routinely discover the quoted price isn't the final price — a risk emerging managers can't absorb.
Implicit AUM floor
The $77K contract minimum and 3–6 month implementation assume a dedicated ops team. Funds under $500M typically have 1–2 ops staff who can't absorb that implementation load.
Your LP report is due this quarter. Not next year.
Ledgerly connects to Affinity, Carta, and PitchBook and generates a compliant, branded LP report in hours — not months of onboarding. No sales call required to see our pricing.
Starter plan: $1,500/month · Published pricing · No implementation project required
Ready to see what 30-day LP reporting looks like?
Join the waitlist and we'll send you a sample LP report built from data like yours. No 6-month implementation. No sales call required to see our pricing.
Join the waitlistStarter plan: $1,500/month · Growth plan: $2,500/month · No enterprise contract required