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 reporting and fund administration support for the Luxembourg fund.

Stephen Geddes, CEO, Mainspring commented: “We are very pleased to continue our long-standing relationship with Dawn and look forward to supporting Archna and the Dawn team in the administration and reporting of this additional new fund, as well as providing additional support for Dawn’s middle-office analysis and reporting.”

Haakon Overli, General Partner, Dawn comments: “We are very pleased to have achieved a final close of Dawn III at its increased hard cap. Mainspring’s service has proven to be reliable and professional and coupled with a flexible and innovative mindset throughout the work on our existing funds. The choice to work with Mainspring again on our most recent fund is testament to this service.”