This article summarises Mainspring’s research findings for blockchain’s suitability as a replacement for traditional SQL based systems for fund management and administration. The full findings are available for download here. Blockchain has the potential to shape industry in profound ways, so much so its introduction has been likened to the invention of the Internet. To become more informed and determine the company’s position with respect to blockchain, earlier this year Mainspring undertook a practical proof-of-concept project as well
Milton Keynes is more than just roundabouts and concrete cows, we are pleased to announce that we have opened Mainspring’s second office and it’s in Milton Keynes. It’s a notable milestone in any company’s growth and we’ve chosen Milton Keynes as a hub commuter location to expand the company’s fund accounting service. We have a small team in place and we are looking to grow. If you’re a qualified fund accountant with experience in private equity or you’re starting out in your
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
True Founders, Matt Truman and Paul Cocker, have built a retail and consumer focused buy-out and growth investing fund manager. True is Europe’s only retail and consumer sector specialist that operates across the entire investment vertical, investing out of its private equity buyout fund alongside running a sector specific innovation Hub. True has total funds under management of £200m and invests in retail and consumer sector business models which represent the future of the industry. The working relationship between Mainspring and
Mainspring is pleased to report that Syncona, a leading healthcare company focused on investing in and building global leaders in life science, released its full-year results on 6th July 2017, confirming a 12.5% total return and enlarged net assets of £895.2m. Its largest life sciences holding, Blue Earth, had gained approval for Axumin, its PET imaging diagnostic agent for prostate cancer in May 2017. Mainspring provides Syncona with a broad and customised middle office solution with the core objectives of reducing
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
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.
Mainspring Fund Services were delighted to have been recognised at the recent awards ceremony, hosted by Incisive Media at The Grosvenor Hotel. Speaking after the event, Stephen Geddes said “Being shortlisted as Best Fund Administration Team is testament to the hard work of the team, and our ongoing dedication to providing the best service we possibly can to our clients.” Achieving a record number of entrants, the awards are designed to identify the cream of the crop among companies that offer services