Recent News

Bridget Barker joins as Chair of Mainspring

Mainspring, the London based fund administrator for venture and private equity funds, is very pleased to announce a key milestone in the business with the appointment of Bridget Barker, a leading City lawyer, as Non-Executive Chair of the Board. Bridget was formerly Head of the Investment Management Group at Macfarlanes and has extensive experience in private equity, real estate, mezzanine, infrastructure and renewable energy funds, in both onshore and offshore jurisdictions.  She has acted for both fund managers and a variety

Mainspring appointed as Custodian for Draper Esprit EIS

Mainspring is delighted to announce its appointment in April 2019 as custodian for the Draper Esprit EIS funds and the completion of service migration in August 2019. Draper Esprit EIS focuses on late stage co-investments in companies with significant revenues and growth momentum, with attractive upside and exit opportunities via strategic M&A or IPO. Draper Esprit EIS funds have been the top rated EIS by the Tax Efficient Review for the past 5 years running and also hold MJ Hudson Allenbridge’s

Wagamama returns – a long term patient and profitable exit for Hutton Collins

Hutton Collins’ funds sold Wagamama to The Restaurant Group in December 2018, with a cash return distributed to the funds’ investors earlier this year. The story behind the facts is that Hutton Collins supported the journey of Wagamama through an association of 12 years and provided a profitable return for fund investors that beats the listed markets benchmarks.  In a nutshell private equity doing its thing. Stephen Geddes, CEO Mainspring commented: “As fund administrator to Hutton Collins it’s always a pleasure to

Luxembourg: what’s driving success? (Carne)

Luxembourg: what’s driving success? The preferred European jurisdiction for private equity and private debt investment structures Guest contributor: Luc De Vet, Carne Group, European Alternative Investment Funds Leader   Introduction Luxembourg holding and finance vehicles have been used for many years in structuring investments in private equity and private debt (hereafter together referred to as “PE”). Over the past 5 years, the number of investment funds investing in PE and establishing in Luxembourg has grown significantly. What has caused this growth? There are various factors of