Since its inception, Mainspring has grown consistently year-on-year and now 5 years on is regulated with the FCA and has in-excess of £1bn Funds under Administration across more than 30 client relationships.
“I am exceptionally proud of what we have built at Mainspring in just 5 years” says Stephen, who founded Mainspring in 2011, “We provide institutional quality administrative services for venture capital and private equity managers that typically have less than £100m Funds under Management – an area of the market that was undeveloped when the business was founded.”
“What next? We aim for continued measured growth, by responding to client demands to extend the number of services offered and jurisdictions covered. With these developments we will also extend the size of funds we support up to £250m.”
Stephen continued, “I am keenly aware that we have a skilled team at Mainspring and demanding customers for whom regulatory and reporting pressures are constantly evolving. We will therefore continue to invest in our administration, accounting and compliance systems, allowing our people to spend more time on the interesting and rewarding parts and helping them with their professional development, as well as extending the service provided to Mainspring’s customers. Our vision is to set the standard for high quality fund administration and make that available to an area of the market that has typically been underserved.”