BPM Selects Allvue Systems to Power New Fund Administration Practice

BPM, a premier accounting and advisory firm, has selected Allvue Systems to provide the technological foundation for its newly launched fund administration business. By adopting Allvue’s specialized platform, BPM aims to deliver the institutional-grade transparency and efficiency that modern fund managers require, marking a significant strategic expansion of its service offerings into the alternative investment sector.

What was announced

BPM has officially entered the fund administration market, choosing Allvue Systems as its primary technology partner. This move integrates BPM’s existing accounting and advisory expertise with Allvue’s specialized fund accounting and data management capabilities. The partnership centers on the "Fund Admin Essentials" solution, a product specifically designed for emerging and growth-stage administrators to establish institutional-quality operations. The platform provides BPM with a comprehensive suite of tools, including a multi-currency general ledger and automated back-office workflows intended to reduce manual intervention. For fund managers and their investors, the system offers a fully configurable investor portal alongside self-service reporting and dashboards.

Built on a cloud-native, Microsoft-based architecture, the infrastructure is designed to scale as BPM’s client base grows, ensuring that the firm can provide high-level transparency and accuracy from the outset of its new business line. By utilizing these out-of-the-box workflows and onboarding tools, BPM intends to meet the increasing demands of modern fund managers who require sophisticated digital interfaces and real-time data access. James DiCostanzo, Global Sales Director at Allvue, noted that the firm represents the type of forward-thinking organization that recognizes the importance of launching with the right technology from the start.

"We are excited to bring fund administration services to our clients, and partnering with a leading technology provider like Allvue allows us to go to market with confidence,"

Danuta Fitzsimmons, Partner at BPM

The companies involved

Allvue Systems is a prominent provider of software solutions tailored for the alternative investment industry, addressing the complex needs of private equity, private credit, and other alternative asset classes. Currently owned by Vista Equity Partners, a leading global investment firm focused on enterprise software, data, and technology-enabled businesses, Allvue has established a significant footprint in the market by offering integrated front-to-back-office solutions. The company’s platform is designed to streamline operations for fund managers and administrators alike.

BPM is a major player in the accounting and advisory space, operating as a premier provider of financial services to a wide range of clients. Based in the United States, the firm has historically focused on traditional accounting, tax, and consulting services. The launch of its fund administration business represents a strategic pivot to capture a larger share of the private capital market, where specialized accounting expertise is in high demand. By partnering with a technology-first provider like Allvue, BPM positions itself against established fund administrators by leveraging modern, cloud-based infrastructure rather than legacy systems. This allows the firm to offer institutional-quality service from its first day of operation in the new sector.

What FF News has reported before

FF News has followed Allvue Systems’ expansion and product development closely. In late 2026, the company launched Allvue Systems Unveils Next-Gen Agentic AI and MCP Capabilities for Private Capital Markets to improve connections between GPs and LPs. This followed the introduction of Allvue Systems Launches AI-Powered Intelligent Loan Operations to Automate Private Credit Workflows.

The firm also collaborated with Moody’s and Allvue Launch Predictive Risk Model to Tackle $4 Trillion Private Credit Market. BPM’s selection of Allvue mirrors a similar move by Acuity in Acuity Fund Solutions Selects Allvue Systems to Launch Modern Private Capital Platform, where another firm built its private capital business on the same technology.

What this means

This partnership highlights a growing trend where traditional accounting firms are aggressively entering the fund administration space to diversify revenue. However, the barrier to entry has shifted; manual processes are no longer sufficient to win mandates from sophisticated fund managers. By opting for a "tech-first" approach, BPM is putting pressure on incumbent administrators who may still be reliant on fragmented legacy systems. The move also underscores the consolidation of power among a few dominant software providers in the alternative space. For the industry, the question remains whether technology alone can bridge the gap between advisory expertise and the high-touch operational demands of private capital.