Now accepting early access

Replace your fund administrator
with software.

Elm FAS is the full-stack fund administration platform for private funds — investor portal, fund accounting, and AI automation in one place.

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No spam. No commitment. First access when we launch.

Running a private fund is expensive.
It shouldn't be.

Small-to-mid-size funds are stuck paying for tools and humans that can't talk to each other.

💸

Overpriced portals

Traditional investor portals charge $2,000/month with no accounting built in. You still need a fund admin on top of that.

🗂️

Manual quarterly cycles

Distribution calculations, capital account statements, LP notices — all done by hand, every quarter, for months.

📧

LP questions eat your time

Every "what's my balance?" email goes to you directly. There's no system to handle routine investor questions automatically.

Everything you need.
Nothing you don't.

Elm FAS is built in three phases — each delivering standalone value, all working toward the same goal: software that runs your fund admin so you don't have to.

Phase 1 Investor Portal

Replace your investor portal. At half the price.

  • LP dashboard — balances, distributions, documents, DRIP status
  • Subscription workflow — invite, KYC, e-sign, BD countersign, GP approval
  • Data room and document delivery
  • Role-based permissions — GP, LP, broker-dealer, RIA
  • Email blast templates for investor communications
Phase 2 Fund Accounting

Replace your fund administrator.

  • Double-entry GL with capital accounts per LP
  • Quarterly distribution calculations and waterfall logic
  • Management fee accrual and NAV reporting
  • Auto-generated LP capital account statements
  • K-1 prep and tax document support
Phase 3 AI Automation

The fund admin that runs itself.

  • AI-powered IR inbox — LPs email in, AI drafts responses from live fund data
  • Automated quarterly cycle — distributions, statements, LP notices
  • Bank feed reconciliation and SOI updates
  • AI-generated investor letters and quarterly updates
  • Anomaly detection and flagging

Built for funds that deserve
better than the status quo.

Existing platforms are great — for funds over $100M. Everyone else is stuck patching together spreadsheets, a fund admin, and an overpriced portal.

01

Full stack at small fund pricing

Portal, accounting, and AI in one platform. Starting at $850/month — not $2,000+.

02

AI-native from day one

Not bolted on. The AI layer is built into the data model — every feature feeds it.

03

Built by a fund operator

Designed by someone who has run every part of this stack firsthand. No feature requests from hypothetical users.

04

506(c) native

BD countersigner slots, accreditation verification, general solicitation compliance — built in, not bolted on.

Transparent. Flat. No AUM games.

One flat monthly fee per fund. No per-LP charges, no AUM-based pricing, no surprises. Annual plans available at a discount.

Phase 1
Investor Portal
$850 /month
  • Investor portal + LP dashboard
  • Subscription workflow with e-sign
  • BD countersigner support
  • Document delivery + data room
  • KYC / accreditation verification
  • Email blast templates
Phase 1 + 2 + 3
AI Tier
$1,500 /month
  • Everything in Full Stack
  • AI-powered IR email inbox
  • Automated quarterly cycle
  • Bank feed reconciliation + SOI
  • AI investor letters + LP chat
  • Anomaly detection + flagging

All plans include a one-time $3,500 onboarding fee covering setup, document templates, and data migration. Annual billing available at a discount.

Be first in line.

We're building Elm FAS for fund managers who know exactly what they need. Join the waitlist and get early access when we launch.

You're on the list. We'll be in touch.

No spam. Unsubscribe any time.