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Software Release - Update

Eleven brings electronic transactions to private investments with Socium Fund Services.

Transforming decades-old processes, Eleven is rolling out straight-through transaction processing, digitally connecting fund administrators, fund managers and investors. Socium, working closely with Eleven, will be the first fund administrator to use the technology with its General Partner clients.

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November 12, 2020 — Eleven, an innovative cloud-based technology company moving the alternative investments industry online, announced today the beta release of new technology that transforms how investments in private equity funds and hedge funds are made.

The technology was built in collaboration with Socium Fund Services, a leading provider of fund administration services for alternative investment funds, to move the fund subscription process to a three-way digital workflow between the investor, fund administrator and fund manager that uses each fund's existing subscription documentation.

Importantly, the electronic transaction workflows are integrated in the same, all-in-one digital ecosystem General Partners use to securely and compliantly service investors and drive engagement with them throughout the entire lifecycle of the relationship from inception. It also saves fund administrators the expense of having to build or maintain a separate, standalone investor servicing portal.

Socium Fund Services has been working with Eleven to ensure that the technology can be adopted by fund administrators of all sizes, no matter what technology they use to process NAVs, as well as ensuring AML and KYC compliance. Socium will be rolling out the technology to its clients this year.

"We partnered with Eleven because they were the only technology offering transformational solutions to this degree," said Michael Von Bevern, CEO of Socium. "Eleven's electronic investment workflows are going to scale private investing and disrupt traditional fund administration practices."

With this new release, Eleven is turning investor portals from cost centers to differentiating infrastructure fund administrators can deploy that helps their fund manager clients grow and drive continuous engagement with investors after they subscribe. Eleven’s new capabilities include:

For fund administrators:

  • Receive digital fund subscriptions submissions submitted from the GP's portal and access user-generated activity logs
  • Distribute NAVs, documents and data to fund investors in the GP's online ecosystem
  • Build, update and maintain GP-branded dashboards with fund-level and investment-specific data
  • Launch funds and set up fund investors with do-it-yourself, easy-to-use workflows

For fund managers:

  • Move investors from engagement to transaction by enabling investors to make fund subscriptions digitally, in your investor servicing center and with your existing subscription agreements
  • Offer straight-through, online 24/7 subscription processing with your fund administrator overseeing the entire process
  • Enable fund investors to receive information from the administrator in the same environment
  • View real-time subscription activity

For fund investors:

  • Maintain secure Investor Profiles to transact digitally, just like a digital wallet
  • Receive information from the fund administrator, such as NAVs, monthly statements, tax documents and digital dashboards, and the fund manager, such as performance, analytics, communications and newsletters
  • Access information across your private investments with a single login

Fund managers looking to adopt digital transaction workflows and build engaged client communities are invited to register for an account or Book a time.

Fund administrators interested in scaling their operations, reducing costs, facilitating digital transactions for clients and their investors, and becoming part of this integrated industry solution are invited to speak with us by visiting and registering at

About Eleven

Eleven is a disruptive technology company bringing the alternative investments industry online to a more connected, scalable future. Eleven enables participants throughout the private investment ecosystem to create engaged client communities, automate workflows and scale growth.

We enable fund managers to service their investors in one place throughout the entire investor journey. Fund managers can have their investors learn about them, subscribe online and be serviced by the fund administrator in their own branded, secure environment. Eleven also provides fund administrators the complete infrastructure to service clients and investors at scale, drive operational efficiency, win more business and generate new lines of revenue.

Eleven is based in New York and has SOC II Type I and Type II accredited security and compliance procedures. Fund administrators, fund managers, deal sponsors, wealth managers, RIAs and placements agents can learn more at

Press Contact

Kristin Steele

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