Keel vs Relevant EquityWorks

Keel9.3Visit RERelevant EquityWorks8.6Visit

Higher score Keel #2 in Fund Administration Software 9.3/10 Free plan · 30-day trial Free planFree trial✓ 5 of 5 features Visit Keel

vs

RE Relevant EquityWorks #9 in Fund Administration Software 8.6/10 Pricing on request ✓ 5 of 5 features Visit site

• Keel fits best

  Funds prioritizing a free starting plan

• Relevant EquityWorks fits best

  Funds needing broad accounting integrations

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Side by side

Feature	Keel 9.3/10 Visit ↗	RERelevant EquityWorks 8.6/10 Visit ↗
At a glance
Editor score	9.3	8.6
Ranking	#2 in Fund Administration Software	#9 in Fund Administration Software
Best for	Funds prioritizing a free starting plan	Funds needing broad accounting integrations
Pricing model	Free plan + paid	Paid
Starting price	$3,500/mo	—
Free plan	✓ (best)	—
Free trial	30 days	—
Deployment	Cloud	Cloud
Platforms	Web	Web
Support	Email	Email, Phone
Compliance	SSO/SAML, 2FA	2FA
Integrations	1 integrations	6 integrations
Built for	Small business, Mid-market, Enterprise	Small business, Mid-market, Enterprise
Features Keel 5/5 · Relevant EquityWorks 5/5
Investor portal	✓	✓
Capital account tracking	✓	✓
NAV workflows	✓	✓
Allocation waterfalls	✓	✓
Capital call workflows	✓	✓
Specs
Investor limit	Not checked yet	Not checked yet
Our review
Pros	Free plan with a 30-day free trial Covers capital calls, waterfalls, NAV, reporting, and tax support Investor portal with capital accounts, statements, and analytics	Covers capital accounts, calls, distributions, fees, and waterfalls Investor portal supports reporting, performance, and document access Integrates with QuickBooks, NetSuite, Sage, and other ledgers
Cons	Multi-fund capabilities are reserved for higher tiers Plaid is the listed integration Paid plans scale to $6,000 per month	Pricing requires contacting sales Web access is the listed platform option Its broad feature set may exceed smaller fund needs
Our verdict	Keel is a cloud fund-administration platform for private-equity, venture-capital, family-office, search-fund, and independent investment managers. Its feature set covers investor onboarding, KYC, commitments, capital calls, bank… Read the review →	Relevant EquityWorks is a web-based private-equity platform combining fund administration, fund accounting, investor management, portfolio management, waterfall calculations, reporting, capital raising, and an investor portal. It is… Read the review →

Strengths and trade-offs

• Keel — where it wins

  • Free plan with a 30-day free trial
  • Covers capital calls, waterfalls, NAV, reporting, and tax support
  • Investor portal with capital accounts, statements, and analytics

  Where it doesn't

  • Multi-fund capabilities are reserved for higher tiers
  • Plaid is the listed integration
  • Paid plans scale to $6,000 per month

• Relevant EquityWorks — where it wins

  • Covers capital accounts, calls, distributions, fees, and waterfalls
  • Investor portal supports reporting, performance, and document access
  • Integrates with QuickBooks, NetSuite, Sage, and other ledgers

  Where it doesn't

  • Pricing requires contacting sales
  • Web access is the listed platform option
  • Its broad feature set may exceed smaller fund needs

• Keel9.3/10 · Free plan · 30-day trial

  A broad fund administration platform with a free plan and paid tiers for scaling managers.

  Visit KeelFull verdict →
• RERelevant EquityWorks8.6/10 · Pricing on request

  A broad private-equity administration platform with accounting integrations and sales-led pricing.

  Visit siteFull verdict →