Latest News

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

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

Co-Investment structures: 7 top tips for GPs and LPs

Guest contributor: Mark Silveira, Counsel – Law, MJ Hudson   Introduction Co-investment is where an LP makes an additional, separate investment in a target company parallel to the main fund (the Sponsor Fund) in which, typically, the LP is itself an investor. Why use co-investment structures? Co-investments enable the GP to make investments which it might otherwise have had to decline, for instance because the Sponsor Fund doesn’t have sufficient capital or is constrained by concentration limits.  At the same time, LP co-investors obtain

An introduction to Cayman Private Equity Funds (DMS)

Guest contributor: Amber Ramsey – Executive Director, DMS The Cayman Islands are the world’s fifth largest financial center and the pre-eminent offshore jurisdiction for private equity fund formation. It has been a natural choice for institutional investors and fund managers, for several reasons: Regulatory environment – Its government and its regulator, the Cayman Islands Monetary Authority (CIMA), have worked continuously with international authorities to ensure that the Cayman Islands is trusted as a well-regulated, cooperative and transparent jurisdiction. Tax neutral – it works transparently