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Some practical advice on steps to take before engaging advisers

PART 2: THE DEVIL IN THE DETAILS Last time we looked at a few aspects that someone looking to launch a fund should have in place with a high degree of conviction, prior to launch: 1. You have a clear understanding of the focus sector and focus geographies 2. You can pinpoint companies that qualify for EIS 3. You can source a pipeline of relevant, attractive companies 4. You have a viable target list of potential investors for the fund. So, you know you want to

Some practical advice on steps to take before engaging advisers

PART 1: FIRST STEPS Firstly it’s important to note that an EIS fund is not actually a “fund” in the sense that there is no separate legal entity which constitutes the “Fund”. Instead it’s a collection of individual managed accounts – one for each investor. From an FCA regulatory perspective, it can indeed be regarded as a fund (an AIF), but we will look at this in more detail in a later article. For this first article in the series it

Mainspring Stephen Geddes presents Award

Calculus Capital won the highly coveted Best EIS Investment Manager prize at the 2016 Growth Investor Awards. The award, sponsored by Mainspring Fund Services, was open to any investment manager specialising in Enterprise Investment Schemes, and was judged on investment volume, impact on the investee company, product development and adviser outreach. The Award was presented to Calculus Capital by Stephen Geddes of Mainspring Fund Services. Calculus Capital fought off strong competition from MMC Ventures, Parkwalk Advisors, PUMA Investments, Seneca Partners and

Mainspring to sponsor at 2016 EISA Awards

For the second year running, Mainspring is sponsoring an awards category at the Enterprise Investment Scheme Association (“EISA”) awards. The event is the established fixture in the industry calendar and recognise the best performing practitioners in the EIS and Seed EIS industry. Mainspring is pleased to be presenting the ‘Best EIS Investment Exit’ award at the Charmain’s Reception at the House of Lords. The winner will be selected by a distinguished panel of independent judges. Last year’s winner was Oakfield Capital

Mainspring listed as recommended adviser in Emerging Manager’s Guide

Mainspring has recently been featured as a recommended fund administrator in MJ Hudson’s Guide to Launching a Private Equity / Venture Capital Fund. The guide, which provides fund managers with comprehensive, commercial advice on how to launch a fund and which advisers they need to engage, describes Mainspring as providing ‘a highly tailored service reflecting the requirements and style of the fund manager and investors’ and also praises the team for its wealth of hands-on experience, dealing with many fund

Supporting Entrepreneur First on establishment of Singapore Fund

Mainspring is delighted to have been awarded an additional mandate from Entrepreneur First. In addition to working with the team on the seed fund and the Next Stage Development fund, Mainspring will begin working on Entrepreneur First’s Singapore Fund. Mainspring will be supporting ef with the establishment of the fund assisting with client AML, client on-boarding, as well as the on-going administration that we provide for PE and Venture fund managers with their LP/GP fund partnerships, such as draw downs,

Stephen Geddes (Managing Director)

5 years after launch: Where we’ve got to and where we’re going

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

Mainspring hires Neil Clark as COO

Mainspring is pleased to announce the expansion of its executive team, welcoming Neil Clark as Chief Operating Officer. Neil joins from Easynet, an Equistone and LDC backed private equity business where he was Managing Director of the UK Business Markets division. During Neil’s time, the business grew revenues from £85m to more than £200m per annum. Mainspring’s CEO, Stephen Geddes, previously worked with Neil when Stephen was at Pi Capital and Neil was CEO of Red-M, a Pi Capital portfolio company.

Inaugural Growth Investor Awards Success

MMC Ventures up against Calculus Capital, Parkwalk Advisors, Puma Investments and TIME Investments for Best EIS Investment Manager Award presented by Stephen Geddes of Mainspring Fund Services Last night, MMC Ventures was named Best EIS Investment Manager at the inaugural Growth Investor Awards, which recognises impact beyond investment in the UK SME finance industry. The Best EIS Investment Manager award, sponsored by Mainspring, recognises a top performing fund manager specialising in Enterprise Investment Schemes. This award is judged on investment volume, impact on

Mainspring Highly Commended at Fund Services Awards 2015

Mainspring Fund Services were delighted to have been recognised at the recent awards ceremony, hosted by Incisive Media at The Grosvenor Hotel. Speaking after the event, Stephen Geddes said “Being shortlisted as Best Fund Administration Team is testament to the hard work of the team, and our ongoing dedication to providing the best service we possibly can to our clients.” Achieving a record number of entrants, the awards are designed to identify the cream of the crop among companies that offer services