Mainspring

Mainspring Fund Services appoints Norman Watson as Director, Head of Sales

London, 9th January 2021. Mainspring, a leading provider of Fund Administration and Custody services for alternative investment managers, has today announced the appointment of Norman Watson as Director, Head of Sales. Based in Mainspring’s London office, Mr. Watson will report directly to Stephen Geddes, CEO & Founder. Mr. Watson will be responsible for Mainspring’s ongoing revenue growth and account management functions. This newly created senior management position is a critical part of Mainspring’s strategy as the company continues to focus and expand

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