News Archives - Page 2 of 4 - Mainspring Fund Services

Praetura Ventures harness Mainspring’s Investment platform for venture capital co-investment

Investment Platform, News, VentureBy Mainspring Fund Services October 26, 2021

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…

The new flexible Mainspring Investment Platform

Investment Platform, News, ResourcesBy Mainspring Fund Services October 11, 2021

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. …

Mainspring Fund Services wins second Award for Fund Administration 2021

Awards, News, Private EquityBy Mainspring Fund Services October 4, 2021

We are honoured to announce that Mainspring has received a second award for its Private Equity administration service this time from The Drawdown, a leading Private Equity media publication, at their awards ceremony on Thursday 23 September. The Drawdown Awards recognises excellence and innovation within Europe’s very best private capital fund operations and our award…

True appoints Mainspring as fund administrator for its latest PE fund & Seed Stage Fund

Investment Platform, News, Private Equity, VentureBy Mainspring Fund Services September 24, 2021

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 Fund Services wins Private Equity Fund Administrator of the Year 2021

Awards, News, Private EquityBy Mainspring Fund Services September 21, 2021

We are proud to announce that Mainspring was the winner of the “Fund Administrator of the Year” award at the Real Deals Private Equity Awards 2021 that recognises the best in European Private Equity on 10th September at Grosvenor House. There were nine fund administrators on the shortlist and the feedback from the judges was…

EIS Funds, what are they and how are they structured?

Insight, NewsBy Mainspring Fund Services July 22, 2021

EIS funds are investments in small unquoted companies managed via a custody agreement, which is the document governing how the fund operates. What is EIS? The Enterprise Investment Scheme (EIS) is a series of UK tax reliefs for qualifying investors launched in 1994 and designed to encourage investments in small unquoted companies carrying on a…

British Virgin Islands private investment fund FNF Capital appoints Mainspring as Fund Administrator

News, Private Equity, VentureBy Mainspring Fund Services July 5, 2021

Mainspring is pleased to announce the launch of Family & Friends, a private investment fund domiciled in the British Virgin Islands. The vehicle will be investing as a Limited Partner in a select number of emerging market funds, managed by established private equity teams. FNF Capital was founded and is managed by an industry veteran…

Mainspring completes the transfer of The Share Centre venture capital division

Custody, News, VentureBy Mainspring Fund Services June 28, 2021

Mainspring is delighted to report the successful completion of the transfer of The Share Centre’s venture capital EIS division, including its clients and a number of related staff, effective 14th June 2021. Following The Share Centre’s decision to divest its venture capital division in 2020, as part of the integration with its new owner interactive…

Learning & Tips on becoming carbon neutral

Custody, Insight, News, Private Equity, VentureBy Mainspring Fund Services May 6, 2021

Our Journey to Carbon Neutral We at Mainspring have just completed a project for the company to become carbon neutral. We thought it might be useful to share our learning and some tips for those organisations that are also considering becoming a carbon-neutral company. For context, Mainspring is a nearly 50-person business that has 2…

Mainspring, fund administration at scale and complexity for Doughty Hanson

News, Private Equity, VentureBy Mainspring Fund Services March 5, 2021

Customer Insight: DH Private Equity Partners (DH), known as Doughty Hanson prior to rebranding, invested €7 billion over 60 companies through several funds with multi-jurisdictional fund structures. The Firm was focused on mid-market European private equity and has been acknowledged as a pioneer in the area of active ownership and value enhancement. Following a successful…

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Category Archives: News