Venture

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

Outward VC appoints Mainspring as Fund Administrator

Outward VC is a fintech specialist venture capital fund backed by founding investors Investec Bank and NIBC Bank alongside other international investors. The fund invests at late-seed and Series A in category defining fintech’s in the UK and Europe that address large global market opportunities. The Outward VC team works closely with its portfolio companies to help them leverage its global network and domain expertise in financial services. Investec and NIBC’s combined reach across Europe, Asia, Australia, Africa and the US

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 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

Blockchain And Its Role In Your Fund

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

Dawn III – Mainspring appointed as Fund Administrator to Dawn Capital’s latest $235m European fund

Dawn Capital announced in April 2018 the closing of Dawn III, a fund focused on SaaS and FinTech companies in Europe and which closed at $235m (£165m). Investors include UK, European and US institutional investors and notably the European Investment Fund (EIF). Mainspring provides funds administration, accounting and investor reporting services for Dawn I and II and is delighted to announce the continued relationship with Dawn, with Mainspring providing full funds administration for the London partnership as well as consolidated investor

Hambro Perks to allow individuals to co-invest in its VC deals

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

Seedcamp: Fund IV first close – Building Tomorrows Unicorns

Europe’s longest standing seed fund announces the first close of its Fund IV raised from 60 leading corporates, venture capitalists, fund of funds and high net worth investors from across the world. Seedcamp, the European technology investor in start-up’s tackling global challenges, which already counts a Fintech Unicorn (in excess of $1B Company valuation) amongst its investee businesses, has today announced the first close of its Fund IV. Mainspring is pleased to announce it has been appointed as fund administrator for Fund