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Learning & Tips on becoming carbon neutral

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 offices in the UK and which provides an entirely ‘office’ based professional service. So, no manufacturing, no assembly, no logistics distribution etc. We set out on the

Mainspring, fund administration at scale and complexity for Doughty Hanson

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 period of portfolio management and strong realisations across the funds, DH announced in November 2018 its decision to wind down the Firm and realise its remaining

Mainspring & Aspida $550m Guernsey Private Investment Fund launch

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 close in January 2021.  The fund is domiciled in Guernsey with a global mindset, investing in growth-stage technology companies across Europe, Asia and North America, structured

How can UK fund managers market in the EU post-Brexit?

How can UK fund managers market in the EU post-Brexit? With the Brexit transitional period over, UK alternative investment fund managers (AIFMs) looking to market alternative investment funds (AIFs) in the EU find themselves subject to a quite different regulatory environment.  While sub-threshold UK AIFMs have never had access to the EU Alternative Investment Fund Managers Directive (AIFMD) marketing passport (other than through the EUSEF and EUVECA programmes), full scope UK AIFMs now also find themselves without the passport and so

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

Winding up a private equity fund

Private equity funds in Europe are usually considered to be ten-year funds.  Investors are told that this is the time frame within which the investment manager will source appropriate transactions, make the various investments and then effect realisations.  The documentation constituting the fund will usually provide for a fixed end date, subject to extension if a particular percentage of investors agree. Most fund documents provide that after final closing, when all investors are contractually bound to advance monies upon receipt of

Working with a host AIFM: what you need to know

Launching a new fund is difficult. Launching a fund in the wake of a global pandemic – coupled with years of Brexit uncertainty –  makes the task even more challenging. But one thing that can smooth that journey is working with a host alternative investment fund managers (AIFMs). Separate regulated firms that will act as the manager of your fund, AIFMs can help you get to market in advance of obtaining your own Financial Conduct Authority (FCA) licence.  In this article,

What is a fund?

Bridget Barker Chair of the Board, Mainspring Fund Services  An investment fund is an arrangement, usually managed by a third party, which allows participants to invest in one or more assets and share the returns and the risks of the underlying investments. A fund structure is typically used so that each investor can take a small share of a number of assets, which an investor might not be able to access individually.  It is also often cheaper for an investor to share in

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