Best LP & Investor Databases for Emerging Managers (2025)

Best LP & Investor Databases for Emerging Managers (2025)

Fundraising in 2025: Data Is Now Your Edge

If you’re raising Fund I, II, or III in 2025, you’re operating in a market where everyone has a warm network and a polished deck.

What separates the managers who close quickly from the ones who grind for 18 months isn’t hustle. It’s clarity:

• Who is actually writing checks into strategies like yours?
• Which family offices and LPs still have room in their mandate this year?
• Who is the real decision-maker—and where are they now, not where they were three years ago?

Most of the “big” investor databases were built in a different era—when static lists and broad emails still worked. In 2025, that approach burns time and goodwill. The new playbook is live, segmented, verified LP intelligence.

This guide looks at the investor databases emerging managers actually use—and the ones they regret—and explains why a lot of GPs are quietly standardizing on Altss as their core LP data layer.

What Emerging Managers Really Need from an LP Database

Before comparing tools, it’s worth being brutally honest about what you actually need if you’re an emerging GP:

Coverage that matches your reality
For most Funds I–III, that means family offices first, then smaller institutions, fund-of-funds, and a handful of strategic angels. If a database is strong on mega-pensions but weak on family offices, it’s misaligned from day one.

Freshness over “more data”
An LP database is only as valuable as its last update. Bounced emails, stale titles, and people who left the firm months ago aren’t just annoying—they slow your raise and cheapen your brand.

Segmented, not spammy
You don’t need “20,000 LPs worldwide”. You need 60–120 right LPs filtered by strategy, geography, check size, and risk appetite.

Context you can use in an email
The difference between a cold email and a tailored note often comes down to whether you know what they’ve actually backed, what they talk about publicly, and how they position themselves.

Simple, transparent pricing
Locked-in annual contracts with no escape and per-seat add-ons? That’s a red flag if you’re an emerging manager managing burn carefully.

Keep those five realities in mind as you read the breakdown below.

Altss — Purpose-Built for Fundraisers in the Alternative Asset Class

Best for: Emerging managers (Funds I–III), family-office discovery, LP targeting, thesis-based outreach
Price:

• Standard pricing:
  • $12,000 / year / seat – Family Office coverage
  • $15,500 / year / seat – Full LP coverage (launching end of Q4 2025)
• Emerging manager pricing (Fund I–II):
  • From $10,000 / year / seat – Family Office module
  • From $12,000 / year / seat – Full LP coverage (for early commitments ahead of launch)

If you’re an emerging GP or have a more nuanced setup (multi-seat, portfolio-wide access, or advisory overlays), Altss will typically tailor pricing—best move is to reach out and structure something around your raise size and team.

Altss was designed specifically for fundraising, not as a generic sales tool. The team behind it has raised over $7B across venture, PE, and infrastructure vehicles, and built the product around the questions GPs actually ask when they’re in the middle of a fundraise.

Altss currently delivers:

• 9,000+ verified family offices across North America, Europe, the Middle East, and Asia
• 1.5M+ LP and investor contacts (family offices, institutions, angels, wealth platforms)
• Deep enrichment: sector focus, ticket size patterns, geography, and thematic interest
• Continuous OSINT-driven updates, with a 30-day refresh cadence and human QA

Rather than dumping 20,000 names into a CSV, Altss is optimized for queries like:

• “Show me family offices in Europe and the Gulf with a history of backing AI or deep tech funds, ticket size $5–$25M.”
• “Which LPs have recently opened climate or infrastructure mandates but haven’t yet backed our peer set?”

You get a focused, current target list that maps to your thesis.

Why fundraisers choose Altss

Fund managers who use Altss highlight four practical advantages:

The data feels “live”
Team moves, role changes, and new investment activity show up quickly instead of being updated once a year.

Search matches how GPs think
You can slice by sector, stage, geography, themes, and ticket size in a way that lines up with an actual fundraising strategy.

It’s built for personalized outreach
Profiles contain enough context to write a tailored, human email—not a mail-merge template. For many users, reply rates reflect that.

Custom research fills the gaps
If you’re working on something niche (say, Nordic family offices with a decarbonization focus), the Altss research team can deliver a curated LP list you can start contacting immediately.

What’s coming next: Full LP coverage and GP-LP Connect

Altss is not standing still. Two big milestones are on the roadmap:

• Full LP coverage — end of Q4 2025
  The full LP module will extend Altss beyond family offices into broader institutional coverage—endowments, pensions, sovereigns, fund-of-funds, and more. Pricing for this module will be $15,500 / year / seat standard, with a $12,000 / seat tier for emerging managers who commit early.
• GP-LP Connect — launching January 2026
  A new layer that gives GPs structured visibility to relevant LPs inside Altss. Think curated exposure: a place where you can showcase your fund, strategy, and track record to the right allocators, and where LPs can browse managers aligned with their mandates. It’s not another mass “marketplace”—it’s designed as a curated visibility and signaling tool to help serious managers stand out.

If you want to lock in custom pricing that bridges Family Office coverage now and Full LP + GP-LP Connect as they launch, the message from the Altss team is straightforward: reach out and structure something tailored to your raise.

PitchBook — Excellent for Deals, Limited for LP Outreach

Best for: Deal and M&A tracking, co-investment mapping, fund benchmarking
Price: Often $30,000+ / year

PitchBook remains the industry’s workhorse for deal analytics. It’s invaluable when you’re benchmarking valuations, understanding exit dynamics, or mapping which firms backed what and when.

Where it’s less sharp is front-line fundraising:

• LP profiles are more historical than dynamic.
• Contact data can lag real job moves.
• It isn’t tuned for “show me 60 LPs likely to back my specific strategy this year.”

Many managers keep PitchBook as part of their research stack, but increasingly lean on Altss for day-to-day LP discovery and outreach.

Preqin — Institutional Mandates at Scale, Firmer Fit for Larger Platforms

Best for: Multi-hundred-million raises, institutional allocator coverage
Price: Roughly $15,000–$50,000 / year, depending on modules and seats

Preqin is still the default name when people talk about allocator databases. If your LP base is mostly pensions, endowments, and sovereigns—and your fund size is at scale—it’s a strong tool.

For emerging GPs focused on family offices and agile LPs, it can feel heavy:

• Its strength is long-term allocator and fund history, not pinpointing active, niche LPs in your exact space this year.
• Contact data exists, but you often still end up hunting for direct decision-maker info.
• Workflows assume a larger internal team that has time to live in the platform.

Preqin is still very good at what it was built for—macro allocator context—but many emerging managers now treat it as complementary to more focused LP tools.

FINTRX — Family Office & Private-Wealth Mapping

Best for: Mapping family offices and broader private wealth (RIAs, advisors)
Price: Commonly around $15,000 / year (confirm with vendor)

FINTRX is a private-wealth intelligence platform focused on family offices and advisors. The company positions itself as covering 4,300+ single and multi-family offices globally, plus a large universe of RIAs and intermediaries. It’s used mainly by distribution and capital-raising teams that want org charts, firm profiles, and a detailed view of who sits where across the private-wealth landscape.

On G2, reviewers often highlight the breadth of data and helpful account support, while also noting that the platform can feel complex at first and that data accuracy and contract flexibility matter a lot to how much value you get. Experiences clearly vary by firm and use case, so it’s worth reading the full range of reviews yourself here:
https://www.g2.com/products/fintrx

Dakota Marketplace — Useful Inside Its Own Event Ecosystem

Best for: Following up on allocator meetings at Dakota events, tracking those relationships
Price: Around $15,500 / year base, plus per-user fees

Dakota Marketplace is tightly integrated with Dakota’s LP event circuit. If you already attend their events and meet allocators there, this can simplify follow-ups and note-keeping.

Outside that ecosystem, it behaves more like a narrow CRM than a comprehensive LP intelligence product:

• Discovery is centered around the Dakota network.
• Family-office coverage is limited.
• It’s not trying to be a global LP discovery engine.

As a complement to another LP database, it can make sense. On its own, it’s unlikely to power an entire Fund I/II pipeline.

With Intelligence — Good Allocator Radar, Not a Targeting Engine

Best for: Staying informed about allocator news and product launches
Price: Usually $18,000+ / year

With Intelligence is strong if what you want is awareness: who is launching what, who is moving where, and how the institutional allocator conversation is shifting.

But it stops short of being a targeting or outreach platform:

• It doesn’t give you the direct LP contacts and segmentation you need to run campaigns.
• It’s closer to an allocator-focused newswire than an investor database.

Many IR teams treat it as a market radar while using a different platform—like Altss—for the actual LP discovery and conversations.

Dealroom — Great European VC Map, Limited LP Use

Best for: Mapping European tech ecosystems, tracking VCs and startups
Price: Often around $12,000+ / year

Dealroom shines when you’re looking at European startup and VC landscapes. But if you need LP data, allocator mandates, or family-office intelligence, it’s not built for that.

Most managers use Dealroom, if at all, as a thematic research companion, then rely on a dedicated LP platform when it’s time to raise capital.

Why Altss Is Quietly Becoming the Default for Modern GPs

Pull the pieces together and the pattern is clear:

• Preqin / PitchBook → excellent for market context, performance data, and institutional histories.
• FINTRX / Dakota / With Intelligence / Dealroom → valuable in specific niches (wealth org charts, events, newsflow, ecosystem mapping).
• Altss → built as the primary engine for live LP discovery, family-office coverage, and targeted outreach, especially for emerging managers.

In the real world, many teams end up with something like:

• A legacy tool (Preqin or PitchBook) for macro research, and
• Altss as the daily LP pipeline tool—where you actually build and work your investor list.

For Fund I and Fund II managers in particular, the combination of per-seat pricing, emerging-manager discounts, and upcoming modules (Full LP coverage + GP-LP Connect) makes Altss feel less like a cost center and more like a core fundraising asset.

What Altss Customers Actually Say

User feedback on SourceForge and G2 echoes the same themes: organization, freshness, and depth.

• A SourceForge reviewer calls Altss a “great family office database”, highlighting how well-organized the platform is and how easy it was to find the right investors in their area while searching for additional funding.
• An LP reviewer on G2 sums it up as “the only LP database we actually use”, emphasizing how fast Altss picks up people changes and LP team moves, and how much lower the bounce rate is compared to their previous experience with larger platforms.
• A CEO on G2 describes Altss as the “most detailed family offices database for personalized outreach” and notes that the level of insight on each office’s deals, focus, and team allows them to write highly tailored emails that stand out.
• Another G2 user in IT calls it the “best platform to find investors”, praising the structure of the site and the ease of finding very specific family offices—and again suggesting that even more filters would be welcome.

If you want to see the original wording and more reviews, you can read them directly:

• Altss on SourceForge → https://sourceforge.net/software/product/Altss/
• Altss on G2 → https://www.g2.com/products/altss

FAQ – LP & Investor Databases for Emerging Managers (2025)

1. Which LP database is best for a first-time fund?
There’s no universal answer, but for Fund I and II managers who rely heavily on family offices and niche LPs, Altss is often the most practical “core” database. It combines 9,000+ family offices with 1.5M+ contacts and data that’s kept current.

2. How is Altss priced?
Standard pricing is $12,000 / year / seat for the Family Office module and $15,500 / year / seat for Full LP coverage (launching end of Q4 2025). Emerging managers raising Fund I or II typically qualify for $10,000 / seat (Family Office) and $12,000 / seat (Full LP) if they commit early. For multi-seat or platform-wide use, Altss will tailor terms—best to reach out.

3. Do I still need Preqin or PitchBook if I have Altss?
Many managers keep one legacy platform for historical performance and macro analysis, then run their daily LP pipeline in Altss. If budget is tight, some start with Altss only and add a research tool later.

4. When will Full LP coverage be live in Altss?
The Full LP module, covering institutional allocators beyond family offices, is scheduled for release at the end of Q4 2025. Early commitments from emerging managers receive preferential pricing.

5. What is GP-LP Connect?
GP-LP Connect is a new visibility layer launching in January 2026. It’s designed to give GPs a curated way to showcase their fund, strategy, and track record to relevant LPs inside Altss, and to help LPs discover managers aligned with their mandates—without turning into a noisy public marketplace.

6. How often is Altss data updated?
Altss uses open-source intelligence plus a verification team to keep data current, operating on a 30-day refresh cadence so job moves and contact changes are picked up quickly.

7. Does Altss only focus on family offices?
Family offices are a core pillar, but not the only one. Altss covers over 1.5M investor and LP contacts across family offices, institutions, angels, and wealth platforms, with Full LP coverage expanding further in Q4 2025.

8. Where can I see reviews of FINTRX to compare?
For a balanced view, you can read user perspectives on the FINTRX G2 page directly:
https://www.g2.com/products/fintrx
Users there discuss ease of use, data quality, and contract terms based on their own experience.

9. Where can I find independent reviews of Altss?
You’ll find verified reviews and ratings on:

• SourceForge → https://sourceforge.net/software/product/Altss/
• G2 → https://www.g2.com/products/altss

Final Word: Don’t Just Buy Data, Buy Intelligence

The question in 2025 isn’t “Which database has the most LPs?”
It’s “Which platform helps me have better, smarter conversations with the right LPs—this quarter, for this fund?”

Altss is increasingly the answer for emerging managers because it was designed around that question. With clear per-seat pricing, emerging-manager tiers, upcoming Full LP coverage, and GP-LP Connect on the horizon, it’s less of a line item and more of a fundraising infrastructure decision.

Altss — Raising the Standard for Fundraising Intelligence
→ https://altss.com for product details and tailored pricing options.