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 with a dedicated feeder for employees, advisers and affiliates.

Through the partnership, fund managers benefit from the focused specialist services of Aspida for governance, economic substance and regulatory compliance and Mainspring for fund administration.

  • Aspida is an established Guernsey based provider of solutions to alternative fund managers, whose clients manage in excess of £2b across multiple alternative asset classes.
  • Mainspring delivers high quality fund administration service to over 70 clients with more than £5Bn of assets under administration. Mainspring’s personal service is supported by leading technology and reporting, and innovative service delivery.

Under the partnership Aspida provides fund managers the full suite of corporate and regulatory services and delegates all fund accounting, administration and reporting to Mainspring in London.

Stephen Geddes, CEO at Mainspring commented “We are delighted to have formed a partnership with Aspida, a highly respected specialist provider of business support services and fund governance solutions in Guernsey to provide our existing and new clients with the optimal solution for servicing a Guernsey Fund”.

Wayne Bulpitt, Co-Chairman at Aspida commented “We look forward to working together with Mainspring which has proven administration expertise across multiple fund structures and an outstanding technology platform.  Together with our focus on client service we look forward to developing the partnership further”.

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