Custody

Mainspring launches digital EIS Certificate solution

In 2016/17, 3,470 companies raised a total of £1.8 billion of funds under the EIS scheme and to date, a total of £18 billion of EIS funds have been raised since the start of the scheme*. This is an attractive investment pool for fund managers to target as they look to raise capital to support growth-stage businesses, however, it doesn’t come without its challenges. For fund managers operating in the EIS market, claiming EIS tax relief and dealing with investor queries

Hambro Perks to allow individuals to co-invest in its VC deals

Venture capital firm Hambro Perks, run by City grandee Rupert Hambro and former investment banker Dominic Perks, has opened its doors to retail investors for the first time. An innovative and interesting market development comes from Hambro Perks, which is now launching an EIS fund, administered by Mainspring, which will allow retail investors to make tax-efficient investments alongside the Hambro Perks business. With the new EIS fund, the firm aims to avoid the pitfalls which others have fallen into. While some funds

EIS Association: 2017 Best EIS Custodian and Fund Administrator

Mainspring picked up the gong at the industry EIS Association awards for ‘2017 Best EIS/SEIS Custodian/Administrator’ – the inaugural year for this award. The award included categories, amongst others, for investor reporting, range of services offered, new initiatives and though leadership on the industry. On announcing the award the judge’s comments included “Mainspring have demonstrated their commitment to investing in IT infrastructure. Their willingness to be flexible to different fund types and welcoming new entrants are admirable qualities.” Stephen Geddes CEO picked up

Mainspring hires Natasha Head as Sales Director, Custody and Nominee

Mainspring Fund Services is pleased to announce its first business development appointment, with Natasha Head joining its growing team as ‘Sales Director – Custody and Nominee’. Natasha has more than five years’ experience in tax-efficient investments. Mainspring’s Custody and Nominee division provides a managed account infrastructure and administration services for managers making tax-efficient investments. These include investments captured by the Enterprise Investment Scheme (“EIS”) and Seed Enterprise Investment Scheme (“SEIS”), as well as other investments affording Inheritance Tax (“IHT”) and related

Mainspring Stephen Geddes presents Award

Calculus Capital won the highly coveted Best EIS Investment Manager prize at the 2016 Growth Investor Awards. The award, sponsored by Mainspring Fund Services, was open to any investment manager specialising in Enterprise Investment Schemes, and was judged on investment volume, impact on the investee company, product development and adviser outreach. The Award was presented to Calculus Capital by Stephen Geddes of Mainspring Fund Services. Calculus Capital fought off strong competition from MMC Ventures, Parkwalk Advisors, PUMA Investments, Seneca Partners and

Mainspring to sponsor at 2016 EISA Awards

For the second year running, Mainspring is sponsoring an awards category at the Enterprise Investment Scheme Association (“EISA”) awards. The event is the established fixture in the industry calendar and recognise the best performing practitioners in the EIS and Seed EIS industry. Mainspring is pleased to be presenting the ‘Best EIS Investment Exit’ award at the Charmain’s Reception at the House of Lords. The winner will be selected by a distinguished panel of independent judges. Last year’s winner was Oakfield Capital

Mainspring listed as recommended adviser in Emerging Manager’s Guide

Mainspring has recently been featured as a recommended fund administrator in MJ Hudson’s Guide to Launching a Private Equity / Venture Capital Fund. The guide, which provides fund managers with comprehensive, commercial advice on how to launch a fund and which advisers they need to engage, describes Mainspring as providing ‘a highly tailored service reflecting the requirements and style of the fund manager and investors’ and also praises the team for its wealth of hands-on experience, dealing with many fund

Supporting Entrepreneur First on establishment of Singapore Fund

Mainspring is delighted to have been awarded an additional mandate from Entrepreneur First. In addition to working with the team on the seed fund and the Next Stage Development fund, Mainspring will begin working on Entrepreneur First’s Singapore Fund. Mainspring will be supporting ef with the establishment of the fund assisting with client AML, client on-boarding, as well as the on-going administration that we provide for PE and Venture fund managers with their LP/GP fund partnerships, such as draw downs,

Stephen Geddes (Managing Director)

5 years after launch: Where we’ve got to and where we’re going

Since its inception, Mainspring has grown consistently year-on-year and now 5 years on is regulated with the FCA and has in-excess of £1bn Funds under Administration across more than 30 client relationships. “I am exceptionally proud of what we have built at Mainspring in just 5 years” says Stephen, who founded Mainspring in 2011, “We provide institutional quality administrative services for venture capital and private equity managers that typically have less than £100m Funds under Management – an area of the

Mainspring hires Neil Clark as COO

Mainspring is pleased to announce the expansion of its executive team, welcoming Neil Clark as Chief Operating Officer. Neil joins from Easynet, an Equistone and LDC backed private equity business where he was Managing Director of the UK Business Markets division. During Neil’s time, the business grew revenues from £85m to more than £200m per annum. Mainspring’s CEO, Stephen Geddes, previously worked with Neil when Stephen was at Pi Capital and Neil was CEO of Red-M, a Pi Capital portfolio company.