Venture

Mainspring Fund Services appoints Norman Watson as Director, Head of Sales

London, 9th January 2021. Mainspring, a leading provider of Fund Administration and Custody services for alternative investment managers, has today announced the appointment of Norman Watson as Director, Head of Sales. Based in Mainspring’s London office, Mr. Watson will report directly to Stephen Geddes, CEO & Founder. Mr. Watson will be responsible for Mainspring’s ongoing revenue growth and account management functions. This newly created senior management position is a critical part of Mainspring’s strategy as the company continues to focus and expand

Mouro Capital the $400 million fintech venture capital fund appoints Mainspring as fund administrator

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 investor in tech unicorns (start-ups valued at more than $1bn) such as settlement system Ripple, supply chain platform Tradeshift and online banking business Upgrade.  It also

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