Venture

Overview

Dependable, high-quality fund administration, reporting and middle office services that enables fund managers to focus on investment performance and investor relations and which compliments the follow-on fund process.

Getting fund administration, accounting and reporting right are crucial for efficient fund operations and superior investor service. Mainspring has built a leading reputation with early stage venture focused funds with a high quality, professional, personalised service which is delivered using an industry leading, highly resilient, secure and innovative technology platform.

Demonstrating a strong investment track record is a requirement for your next fund but may not be enough in a competitive market. Mainspring helps you stand out with investor service, ready access to performance data and analysis that demonstrates competent stewardship of your fund franchise and clarity of fit for your LP’s of today and target LP’s for your next fund.

Whether you are forming your first fund or you are an established fund manager looking to migrate service provider, Mainspring provides a full-service supporting you for the full life cycle of the fund.

Key Contact – Stephen Geddes

Key Services

Fund Accounting

Mainspring employs industry-leading fund accounting systems and technology enabling us to service every stage of a fund’s life. Every fund is different so we review each new fund for its structure, operational model and reporting requirements to design a service specifically for each fund. Once launched the dedicated team deliver quarterly reporting, financial statements and tax information; manage the annual audit; and address specific fund requirements such as calculating the manage fee, the waterfall, consolidations, and equalisations.

Administration

Mainspring prides itself on delivering bespoke services designed around the specific needs of each client. This covers the initial set up of the Fund; Investor KYC, set up and transfer agency; investor communications, delivering notices and reporting; managing drawdowns and distributions; banking and payments; the provision of standard quarterly, annual and tax reporting along with bespoke and ad hoc requirements; partner transfers and fund restructuring.

Management Reporting

Mainspring gives the manager access to comprehensive, fully transparent reporting of all up-to-date fund data, portfolio and financial information through a highly secure dedicated portal. This information is available through a variety of self-service options including data file downloads, standard PDF reports and bespoke dashboards.

Investor Reporting

Mainspring provides detailed personalised reporting to investors via a secure online reporting platform, which can be fully branded and linked to the Manager’s website. We give investors access to the standard fund reports and other investor specific reports such as partnership NAV or tax statements; all of which can be formatted as the fund manager requires. This information can be viewed either as PDF reports or on a dashboard, or if required as a data download.

Governance & CoSec

Mainspring can support fund managers with their FCA compliance requirements. In addition, Mainspring provides a full Company Secretarial service as required by the Manager, including statutory filings, regulatory reporting, LPA and other documentation review.

Compliance & Support

Mainspring can support fund managers in a number of ways which can range from full small-AIFM regulated umbrella fund manager services, to specific support work such as helping with FCA quarterly/annual filings, and providing an AML review of service for the Investors in the fund. We work with other industry support providers to ensure your fund is managed appropriately and is fully compliant.