With the many current global uncertainties, not least the war in Ukraine and the consequences of it, many GPs are finding it harder to close their funds, particularly first-time funds, at what they believe is an appropriate minimum level. At present, some investors are holding off from committing to any funds and the market appears…
Investing in private funds and directly into private companies has long been a way to increase returns and access some very exciting growth stories, but it has largely been possible for only the most sophisticated of high-net-worth investors. But for wealth managers the drum beat towards offering investments in private market deals is becoming ever…
The traditional source of funding for PE and VC fund is a professional institutional investor base, usually made up from pension funds, endowment funds, professional investment funds, sovereign wealth, large wealth managers, and some large family offices. But what has been absent are significant numbers of high-net-worth investors. But like the coming of Spring, there…
High net worth individuals investing in listed stocks, currencies, bonds, and mutual funds using brokerage accounts (often referred to as Separate or Segregated Managed Accounts (SMA’s)) are common place. Many people are also familiar with SMA’s for futures and crypto so one may expect that giving access to individuals to private assets such as private…
Private equity and venture funds tend to be operated by commercially driven individuals who select investments only after undertaking significant due diligence and strategic analysis. The traditional means of providing these individuals with an incentive, which is also designed to align their interests with investors in the main fund, has been through the use of…
Traditionally PE or VC fund managers have sought to attract large institutional investors as limited partners in their fund. This meant that the LPs tended to be experienced investors, and so were relatively easy to interact with and typically would raise only limited queries with an administrator. Drawdowns were usually funded on time and investors…
The ten plus years fund is not the only means for private equity and venture fund managers to deploy funds into private companies. It is increasingly common to see a variety of investment strategies used, including through the fast-growing area of direct co-investments. Co-investment is where a GP arranges a separate investment into a target…
Fund managers are increasingly looking for ways to facilitate investments alongside their main fund or, sometimes, as a separate investment. The Mainspring Investment Platform provides a flexible structure which allows one or many investors, whether from the UK or from other jurisdictions, to invest. The platform is tax transparent and there is no VAT charge. …