Recent News

What is a fund?

Bridget Barker Chair of the Board, Mainspring Fund Services  An investment fund is an arrangement, usually managed by a third party, which allows participants to invest in one or more assets and share the returns and the risks of the underlying investments. A fund structure is typically used so that each investor can take a small share of a number of assets, which an investor might not be able to access individually.  It is also often cheaper for an investor to share in

Mainspring wins global FIS Impact Award for technology innovation

FIS is a leading global provider of technology solutions for merchants, banks and capital markets firms, and is a Fortune 500 company and a member of Standard & Poor’s 500 Index.  FIS’s Investran solution is regarded by many as the pre-eminent solution for private equity and venture capital fund accounting and administration. The FIS Impact Awards are independently judged and recognise organisations that use FIS technology in innovative ways to enhance customer experiences and drive tangible business results.  FIS has given

Reporting Services 2020

Mainspring’s new reporting platform delivers additional operational efficiencies for fund managers. We are pleased to announce the launch of Mainspring’s venture capital and private equity ‘Reporting Services 2020’.  This new reporting services platform, when combined with Mainspring’s near real-time capital administration and accounting services, will provide UK mid-market fund managers with the highest levels of fund efficiency and investor services quality.   What is the role of a strong fund administration firm? Should it only be an independent book of records for a fund,

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