Mainspring is delighted to announce an additional appointment by Notion Capital, the VC firm focused on European SaaS and Cloud.
Mainspring is proud to be working with Notion Capital again, this time providing custody services for Notion’s Fund III, for which it is holding shares that have recently listed and by providing sub-custody services for the fund’s depositary.
This additional service for Notion further demonstrates the breadth of fund administration and custody services that Mainspring can provide to private equity fund managers with sophisticated fund service needs. Mainspring has been working with Notion for five years and over that time has expanded its services from safeguarding of share certificates, to custody services for individual investors, to limited partnership fund administration and now to custody and sub-custody for an LP fund.
Initially, Mainspring was asked to safeguard share certificates on Notion’s behalf, and this then expanded to a full custody services, using Mainspring’s Investment Platform. This holds a number of direct co-investments into portfolio companies, alongside Notion’s LP funds, over which Notion retains management control. As a trusted service provider Mainspring then won the fund administration mandate for one of Notion’s new LP funds.
As Notion Capital has grown, its requirements for support from its service providers have evolved and become more sophisticated, and Mainspring’s expertise in private fund administration and private asset custody has enabled it to support Notion with its recent investment successes, and we look forward to continuing this expanding working relationship”.
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