With the many current global uncertainties, not least the war in Ukraine and the consequences of it, many GPs are finding it harder to close their funds, particularly first-time funds, at what they believe is an appropriate minimum level. At present, some investors are holding off from committing to any funds and the market appears…
Investing in private funds and directly into private companies has long been a way to increase returns and access some very exciting growth stories, but it has largely been possible for only the most sophisticated of high-net-worth investors. But for wealth managers the drum beat towards offering investments in private market deals is becoming ever…
The traditional source of funding for PE and VC fund is a professional institutional investor base, usually made up from pension funds, endowment funds, professional investment funds, sovereign wealth, large wealth managers, and some large family offices. But what has been absent are significant numbers of high-net-worth investors. But like the coming of Spring, there…
Mainspring is delighted to announce an additional appointment by Notion Capital, the VC firm focused on European SaaS and Cloud. Mainspring is proud to be working with Notion Capital again, this time providing custody services for Notion’s Fund III, for which it is holding shares that have recently listed and by providing sub-custody services for…
The UK Government and the FCA have given strong impetus to the creation of a new UK fund vehicle, the Long Term Asset Fund or LTAF. The LTAF seeks to solve three problems. First, ordinary investors are largely unable to access the higher investment returns connected with alternative assets, such as private equity, private debt,…
High net worth individuals investing in listed stocks, currencies, bonds, and mutual funds using brokerage accounts (often referred to as Separate or Segregated Managed Accounts (SMA’s)) are common place. Many people are also familiar with SMA’s for futures and crypto so one may expect that giving access to individuals to private assets such as private…
Praetura Ventures, the early-stage venture capital fund manager, has secured a £15m commitment that will co-invest in parallel to Praetura’s fund into future investments. British Business Investments, a commercial subsidiary of the British Business Bank, made the commitment through its Regional Angels Programme, which seeks to address geographical imbalances around early-stage equity finance. The investment…
Fund managers are increasingly looking for ways to facilitate investments alongside their main fund or, sometimes, as a separate investment. The Mainspring Investment Platform provides a flexible structure which allows one or many investors, whether from the UK or from other jurisdictions, to invest. The platform is tax transparent and there is no VAT charge. …
We are delighted to report that Mainspring has been appointed as fund administrator for True’s third investment fund of £275m and seed-stage fund which has initial commitments of £40m at first close. In addition to existing funds brings total AUA, in just five years, well in excess of £600m. True’s PE fund takes majority and…
Mainspring was appointed by Redrice Ventures as fund administrator for both its LP and managed account funds. We are delighted to report that Mainspring has been appointed as fund administrator for Redrice Venture’s new limited partnership VC fund. Redrice Ventures, the seed-stage venture fund which invests in digital-born brands and related technology companies, started its…