Freedom251 › Fund Administration Software

Selene

Paid API

What Selene is

Selene is Sciforn’s fund operations platform for managing work from entity and fund setup through investor onboarding, capital activity, NAV, waterfalls and reporting. It supports private equity, hedge funds, venture capital, private credit, real assets, infrastructure, funds of funds, SMAs, UCITS and RAIFs. Its accounting combines ABOR, IBOR and shadow books with multi-GAAP and multi-currency accounting, and calculates NAV at fund, class, series and investor levels.

Investor workflows cover MiFID II classification, suitability assessment, FATCA/CRS self-certification and side letters. Capital call and distribution processes include notices, equalisation on subsequent closes, withholding, recallables and pro-rata allocation across LPs. Waterfall options include European, American and hybrid structures, tiered hurdles, catch-up, clawback, vesting and LP-level carry statements. Hedge fund operations include daily NAV, P&L attribution, incentive fees, high-water marks, gates, lock-ups, side pockets and series accounting.

Selene provides investor, GP and auditor portals, along with reporting for IRR, TVPI, DPI, MOIC, PME and benchmark analysis. The platform also lists API access to every metric, regulatory coverage, and controls including role-based access, single sign-on and an uneditable audit trail. Sciforn describes a 2–3 month implementation path and offers a personalized live demo.

Who it suits

Selene suits fund administrators, asset and fund managers, insurers, private credit managers, GPs and family offices handling complex fund operations. Its broad fund coverage and accounting, investor workflows and reporting may fit organizations managing multiple strategies or regulatory requirements.

What it does well

Supports ten listed fund types, including private credit and RAIFs.
Combines ABOR, IBOR and shadow books with multi-currency accounting.
Calculates NAV at fund, class, series and investor levels.
Includes capital calls, distributions and several waterfall structures.
Provides investor, GP and auditor portals.
Offers API access to every reporting metric.

What to know first

Pricing is available on request.
The listed platform is API.
Sciforn describes implementation as a 2–3 month path.

Limits

Sciforn describes a 2–3 month path from discovery to live operations. Pricing is provided on request.

Getting started

Visit the Selene website.
Contact Sciforn at [email protected] or [email protected], or book a personalized live demo.
Discuss the configuration and implementation path with Sciforn.
Plan for data migration and custodian and prime-broker integration during configuration.

Verdict

Consider Selene if your organization needs fund operations across investor workflows, NAV, capital activity and reporting, particularly across multiple fund strategies. Its scope is broad, but prospective buyers should request pricing and confirm that an API platform fits their operating needs.

Questions

How much does Selene cost?

Selene is paid, with pricing available on request.

Who is Selene for?

Sciforn lists fund administrators, asset and fund managers, insurers, private credit managers, GPs and family offices.

Which fund types does it cover?

Listed types include private equity, hedge funds, venture capital, private credit, real assets, infrastructure, funds of funds, SMAs, UCITS and RAIFs.

What accounting and NAV workflows does it support?

Selene combines ABOR, IBOR and shadow books with multi-GAAP, multi-currency accounting and NAV calculations at fund, class, series and investor levels.

Does Selene provide an investor portal and API?

It provides investor, GP and auditor portals, and API access to every reporting metric.

How do prospective customers get started?

Sciforn offers a personalized live demo and lists [email protected] and [email protected] for inquiries.

Facts from Selene's own pages

Accounting: Selene combines ABOR, IBOR and shadow books with multi-GAAP, multi-currency accounting and NAV calculations at fund, class, series and investor level. · sciforn.com, 9 Oct 2026
Books and accounting: Selene combines ABOR, IBOR and shadow books with multi-GAAP, multi-currency accounting and NAV calculations at fund, class, series and investor level. · sciforn.com, 8 Oct 2026
Capital operations: Capital call and distribution workflows include notices, equalisation on subsequent closes, withholding, recallables and pro-rata allocation across LPs. · sciforn.com, 8 Oct 2026
Compliance: The page lists AIFMD, Form PF, MiFID II, PRIIPs, FATCA, CRS and Canadian regulatory regimes, with approval matrices and segregation of duties. · sciforn.com, 8 Oct 2026
Data residency: Sciforn says software data is kept in Microsoft Azure data centres and the region used for a business's software is set out in its agreement. · sciforn.com, 9 Oct 2026
Founded: 2021 · sciforn.com, 28 Sept 2026
Fund coverage: Selene covers private equity, hedge funds, venture capital, private credit, real assets, infrastructure, funds of funds, SMAs, UCITS and RAIFs. · sciforn.com, 8 Oct 2026
Fund strategies: The platform lists private equity, hedge funds, venture capital, private credit, real assets, infrastructure, fund of funds, SMAs, UCITS and RAIFs as supported fund types. · sciforn.com, 9 Oct 2026
Headquarters: Toronto, Canada; London, United Kingdom; New York, United States; development centre in Pune, India · sciforn.com, 28 Sept 2026
Hedge fund operations: Hedge fund features include daily NAV, P&L attribution, incentive fees, high-water marks, gates, lock-ups, side pockets and series accounting. · sciforn.com, 8 Oct 2026
Implementation and support: The maker describes a 2–3 month rollout and says a dedicated support team handles new fund launches, regulatory changes and strategy expansion after go-live. · sciforn.com, 9 Oct 2026
Integrations: The maker says data migration and custodian and prime-broker integration run alongside configuration during implementation. · sciforn.com, 9 Oct 2026
Intended users: The maker says Selene is for fund administrators, asset and fund managers, insurers, private credit managers, GPs and family offices. · sciforn.com, 9 Oct 2026
Investor and capital operations: Investor workflows include MiFID II classification, suitability assessment, FATCA/CRS self-certification and side letters; capital operations cover calls, distributions, equalisation, withholding and recallables. · sciforn.com, 9 Oct 2026
Investor onboarding: Investor onboarding includes MiFID II classification, suitability assessment, FATCA/CRS self-certification, side letters and a regulatory audit log the page describes as never deleted. · sciforn.com, 8 Oct 2026
Portals: Selene provides investor, GP and auditor portals with watermarked delivery, e-signature, versioned documents and capital account statements. · sciforn.com, 8 Oct 2026
Product: Selene is a fund operations platform spanning entities, fund structures, investor onboarding, capital calls, deals, NAV, waterfalls and reporting. · sciforn.com, 8 Oct 2026
Purpose: Selene is a fund operations platform covering the fund lifecycle from entity and fund setup through investor onboarding, NAV, waterfalls and reporting. · sciforn.com, 9 Oct 2026
Regulatory coverage: Selene lists AIFMD, Form PF, MiFID II, PRIIPs, FATCA, CRS and Canadian regimes among its compliance coverage. · sciforn.com, 9 Oct 2026
Reporting and API: Reporting includes IRR, TVPI, DPI, MOIC, PME and benchmark analysis, ILPA-aligned templates, branded investor packs and API access to every metric. · sciforn.com, 8 Oct 2026
Reporting API: Selene's performance and reporting module includes API access to every metric. · sciforn.com, 9 Oct 2026
Sales access: Sciforn offers a live personalized demo and lists [email protected] and [email protected] for inquiries. · sciforn.com, 8 Oct 2026
Sales and pricing: The Selene page directs prospective customers to book a live demo or contact the sales team; it does not show a price. · sciforn.com, 9 Oct 2026
Security: Sciforn says its software encrypts data in transit and at rest, uses role-based access and single sign-on, and keeps an audit trail that cannot be edited or deleted. · sciforn.com, 9 Oct 2026

Where Selene stands on Freedom251

Fund Administration Software#29 of 30