Pricing
Priced for the LPs the incumbents have priced out of reach
Enterprise LP platforms typically run $200K–$1M+ per year plus $500K–$5M+ in implementation fees. Meridian is deliberately priced for the $100M–$10B AUM segment that cannot justify those numbers but still needs institutional-grade infrastructure.
Published ranges below reflect typical deployments within each tier. Specific pricing is scoped per institution based on user count, fund-relationship count, and deployment model. All engagements pass through the Design Partner Program during the current Pre-GA phase.
FundSim Lab
Public demonstration tool
Single-fund simulation and basic pacing analysis — our analytical approach, open to anyone evaluating the platform.
- Single-fund simulation
- Private Credit and Buyout asset classes
- Basic parameter adjustment
- Visual output (charts)
- Gated: save scenarios, export results, custom parameter ranges
Foundation
For institutions below $500M AUM
Family offices, emerging managers, small foundations, and DC plans evaluating private markets.
- Portfolio dashboard and monitoring (up to 30 fund relationships)
- Commitment pacing and scenario modeling (all 5 strategies)
- Fund simulation engine (9 asset-class simulators)
- Pipeline management and tracking (5-stage workflow)
- Due diligence workflow with DDQ management
- IC memo generation (templated)
- Capital call and distribution tracking
- Quarterly reporting (PDF export)
- ILPA template import and validation
- Document management (5 GB)
- Up to 3 named users ($500/mo per additional)
- Standard support (24-hour response)
Institutional
For institutions from $500M to $10B AUM
Pension funds, endowments, sovereign wealth funds, larger family offices, and fund of funds managers.
- Everything in Foundation, plus:
- Unlimited fund relationships
- Multi-entity portfolio management
- AI-drafted board report packages (6 report types)
- Consultant access with configurable read-only roles
- Consultant-ready quarterly report (consultant-pack format)
- Advanced analytics (peer quartile, PME, attribution)
- Custom report builder (21 composable section blocks)
- Fiduciary governance suite (ERISA §406, GASB 72)
- ESG/DEI tracking across all GP relationships
- GP-vs-LP reconciliation with $1 tolerance
- Side letter tracking and currency exposure analysis
- Document management (50 GB) · API read access
- Up to 15 named users ($400/mo per additional)
- Priority support (4-hour response) · dedicated onboarding
Enterprise
For institutions above $10B AUM and service providers
Investment consulting firms, service providers, and largest institutions requiring multi-tenant architecture and custom integration.
- Everything in Institutional, plus:
- Multi-organization tenancy (manage multiple client portfolios with isolated data)
- Full API access (read/write)
- Client-selected LLM (self-hosted Qwen, Anthropic, or OpenAI)
- Custom data integrations (scoped per engagement)
- Unlimited users and unlimited storage
- Dedicated customer success manager · quarterly business reviews
- Premium support (1-hour response SLA)
All paid tiers include encryption in transit and at the cloud platform level at rest, organization-scoped data isolation, ILPA data import with $1-tolerance reconciliation, and the self-hostable open-source LLM architecture that keeps portfolio data under your control. Annual prepayment receives a 15% discount; multi-year commitments receive 20–25%.
Total Cost of Ownership
How Meridian compares to the alternatives
Most institutional LPs in the $100M–$10B AUM range face two options today: platforms priced for institutions twice or three times their size, or Excel. Meridian exists specifically for the segment between.
Enterprise LP platforms
- • $200K–$1M+ annual subscription
- • $500K–$5M+ implementation
- • 12–24 month deployment
- • Dedicated specialists required on staff
- • Designed for $5B+ AUM institutions
Meridian
- • $30K–$180K annual subscription
- • Implementation included
- • Weeks to deployment
- • No dedicated specialists required
- • Built for $100M–$10B AUM institutions
Excel-based workflows
- • No licensing cost
- • $80K–$150K/year in analyst time (40-fund portfolio)
- • No audit trail or version control
- • Breaks at 30–50 funds
- • Key-person risk
Enterprise platform cost ranges reflect publicly available industry benchmarks. Excel analyst-time estimate based on typical two-to-three-FTE burden for reconciliation, board reporting, and pacing work across a 40-fund portfolio.
Frequently Asked Questions
Why publish pricing when the rest of the category does not?
Meridian is deliberately priced for institutions that the enterprise incumbents have priced out of reach. That value proposition does not work if a prospect cannot see the numbers. Published ranges give budget-conscious LPs the anchor they need to evaluate whether Meridian fits their program, without asking them to invest in a sales conversation before they know.
How does Meridian compare to enterprise platforms on total cost?
Enterprise LP platforms typically run $200K–$1M+ per year plus $500K–$5M+ in implementation fees, with 12–24 month deployment timelines. Meridian's Foundation and Institutional tiers run $30K–$180K annually with implementation included and deployment measured in weeks. For institutions in the $100M–$10B AUM range, Meridian delivers comparable LP workflow coverage at a fraction of the total cost of ownership.
Is there a free trial?
Two paths exist. FundSim Lab is free and open — it demonstrates the analytical approach without an account. For full-platform evaluation, Meridian is currently available through a selective Design Partner Program rather than open self-serve trials. Design partners work directly with us to configure the platform against their actual portfolio and workflows. Contact us to discuss whether design partnership fits your institution's timeline and scope.
How is pricing determined within the published ranges?
Within each tier, pricing reflects scope: user count, fund-relationship count, data-sovereignty requirements (self-hosted LLM versus managed), integration complexity, and service level. The published ranges reflect typical deployments within each tier; engagements at the edges of a tier are scoped individually. Pilot engagements during the Design Partner Program phase have separate terms.
Can I use FundSim Lab without a subscription?
Yes. FundSim Lab offers free access to Private Credit and Buyout simulations. The full simulation engine across 9 asset-class simulators, save/load, multi-fund pacing, and portfolio optimization requires a subscription.
What data security standards do you follow?
All data is encrypted in transit (TLS) and at the cloud platform level at rest, with organization-scoped data isolation across all shared tables. Dedicated deployment can be scoped per Enterprise engagement. SOC 2 Type II audit is targeted for 2027 (readiness assessment scheduled Q3-Q4 2026); design-partner engagements can compress this timeline based on procurement requirements. First login enforces a click-through confidentiality agreement for reviewers and consultants, recorded per user.
Does my portfolio data leave your platform for AI processing?
No, not by default. Meridian runs on Qwen 2.5 14B, an open-source LLM that can be self-hosted. OpenAI and Anthropic remain available as opt-in per client, never as silent fallbacks. If the LLM is unreachable, the UI surfaces the failure explicitly — we never substitute canned prose for a failed AI call.
Can I import data from my existing systems?
Meridian supports ILPA standardized template imports with automated validation and reconciliation to $1 tolerance on signed-convention formulas. We can also work with you on custom data migration from existing systems.
How long does onboarding take?
Onboarding during the Design Partner Program is structured as a guided engagement rather than a fixed-duration rollout — typically ranging from a few weeks for a focused scope to several weeks for full-portfolio configuration with ILPA data migration, user training, and investment-policy setup. We scope the timeline honestly at the outset.
What discounts are available?
Annual prepayment receives a 15% discount off monthly rates. Multi-year commitments receive 20% (two-year) or 25% (three-year) discounts. Verified non-profit and educational institutions receive an additional 10%. Pilot engagements during the Design Partner Program phase have separate terms.
Find the right tier for your institution
Talk to our team about portfolio size, user count, and deployment preferences.