Mainspring

Cornerstone appoints Mainspring as fund administrator for Funds 1, 2, 3 and 4

We are pleased to announce that Cornerstone Private Equity, the UK and European mid-market fund of funds manager completed the first close of its Fund 4 and has re-appointed Mainspring as fund administrator for the new fund, which will take its total funds under management up towards its near-term target of £100m. Cornerstone is a fund of fund manager investing in a select group of experienced private equity funds, such as managed by Silverfleet Capital, Montagu, Equistone, HgCapital and Phoenix Equity

Mainspring receives retail permissions

Mainspring Fund Services is pleased to announce the addition of retail permissions to its FCA authorised status. Mainspring offers custody and nominee services to managed portfolio structures and fund administration to venture capital and private equity managers. Mainspring’s custody and nominee service is primarily targeted at EIS, SEIS and IHT fund managers. Mainspring has several notable EIS fund manager clients that have seen substantial growth in the last 3 years, and supports emerging managers to start and build their funds. The decision to