We have extensive hands-on, practical, experience in operating funds and fund administration and have developed a menu of core and enhanced services to support fund managers and their investors.
The backbone of our service is accounting and administration and Mainspring has developed a number of solutions, enabled by technology, to better support the fund manager’s need to outsource, while retaining oversight and control over the fund’s information. Tailored reporting for the fund manager to access fund data, and for Investors to access reporting, along with automations where appropriate, provide high quality and secure services.
Our service is designed to scale with your requirements and as investor demands for information increase, giving you greater insight and access to the fund’s performance. While the core services are common across many funds the enhanced services support more complex fund structures and are supported by more sophisticated reporting services.
Fund Services
- Fund Formation & Onboarding
- Investor set up Services
- Fund Accounting
- Fund Administration
- Enhanced Fund Services
- Investor Reporting
- Manager Portal
- Tax Reporting
- SPVs & Co-Investments
- Fund manager onboarding with a dedicated support team
- Review of fund documents and agree operating processes
- Reports, notices and portal dashboards tailored to each fund manager’s needs
- Advice regarding opening bank accounts
- Portal set up to give investors and manager access to fund data and reporting
- Migration service available when transferring a fund to Mainspring, including all historic data and reporting
- Establish investor records on our systems, including multiple contacts for notices and reporting
- Investor AML checks at set up and ongoing AML refresh monitoring services
- Maintenance of investor contacts and records
- Responding to investor’s enquiries
- Dedicated teams deliver fund accounting and capital accounts quarterly
- Fund specific calculations such as management fees, investment loan interest, and carried interest
- Fund bookkeeping including all accounting for the fund and other fund entities, such as recording all fund expenses, unrealised gain/losses, interest and accruals
- Record all transactions, acquisitions, sales and financings, and revaluations
- Bespoke services designed around each fund manager’s needs
- Calculate, draft and send out drawdown and distribution notices
- Equalisation calculations
- Investor transfers
- Cash management, reconciliations and fund payments
- Mainspring can assist with safeguarding of fund assets and can work with appropriate depository service providers
- Investment transactions are posted as they happen, so the information is immediately available to the fund manager via the Portal, and can be used for enhanced analysis across the fund dataset
- Mainspring can provide monthly accounting including updated bank recs and purchase ledgers, and provides access to this data on the Portal
- Daily booking of capital cashflows to give the fund manager immediate self-service access to the status of draw down receipts
- Enhanced sophisticated reporting via the portal which can be tailored for the fund manager to give transparency and better control over the data for internal consumption
- Quarterly reports based on industry-standard templates such as the ILPA or BVCA. These typically include fund level accounts, investor capital accounts, fund cashflows, and portfolio information Bespoke reporting for anchor investors with specific requirements
- Branded portal for the provision of fund and investor reports and access to investment records, returns analysis and portfolio information
- The fund manager can have access to all fund data through structured reporting, giving full transparency – and full control and oversight of all information relating to the fund. This is available on a self-service reporting system
- Information is provided via fund, investor and portfolio company level dashboards which can provide additional analysis such as returns calculations and other bespoke calculations as required by the fund manager
- Bespoke detailed reporting and data for the fund manager to do an internal analysis
- Information for calculating fund tax provided to tax advisers
- Fund tax reporting is made available on the portal
- FATCA/CRS set up and reporting service
- Investor onboarding with KYC/AML services
- Administration, accounting and reporting for SPV corporate entities
- Drawdowns and distributions, and payment services
- Portal access for reporting and data analysis
- Ability to structure co-investments using the Investment Platform custody and nominee service