Global, September 1, 2022 — Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an…
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…
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 was appointed by Redrice Ventures as fund administrator for both its LP and managed account funds. We are delighted to report that Mainspring has been appointed as fund administrator for Redrice Venture’s new limited partnership VC fund. Redrice Ventures, the seed-stage venture fund which invests in digital-born brands and related technology companies, started its…
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 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…
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…
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…
Mainspring Fund Services and Aspida Group are delighted to announce a partnership agreement providing Guernsey domiciled private equity and venture capital funds the total solution for fund governance, compliance, administration and reporting. They are also pleased to report the first fund launch for this partnership, a $550m Guernsey Private Investor Fund which completed its first…
Mouro Capital – succeeding the investment business Santander InnoVentures – spun out from Santander in September, with the bank doubling its allocated funds to $400m. Mainspring is delighted to announce that it has been appointed as fund administrator, taking on responsibility for the fund’s existing portfolio and the enlarged fund. The fund was an early…