Venture

Hambro Perks to allow individuals to co-invest in its VC deals

Venture capital firm Hambro Perks, run by City grandee Rupert Hambro and former investment banker Dominic Perks, has opened its doors to retail investors for the first time. An innovative and interesting market development comes from Hambro Perks, which is now launching an EIS fund, administered by Mainspring, which will allow retail investors to make tax-efficient investments alongside the Hambro Perks business. With the new EIS fund, the firm aims to avoid the pitfalls which others have fallen into. While some funds

Seedcamp: Fund IV first close – Building Tomorrows Unicorns

Europe’s longest standing seed fund announces the first close of its Fund IV raised from 60 leading corporates, venture capitalists, fund of funds and high net worth investors from across the world. Seedcamp, the European technology investor in start-up’s tackling global challenges, which already counts a Fintech Unicorn (in excess of $1B Company valuation) amongst its investee businesses, has today announced the first close of its Fund IV. Mainspring is pleased to announce it has been appointed as fund administrator for Fund

5m to 200m AUM Buy-Out & Growth Stage fund manager in 3 years

True Founders, Matt Truman and Paul Cocker, have built a retail and consumer focused buy-out and growth investing fund manager. True is Europe’s only retail and consumer sector specialist that operates across the entire investment vertical, investing out of its private equity buyout fund alongside running a sector specific innovation Hub. True has total funds under management of £200m and invests in retail and consumer sector business models which represent the future of the industry. The working relationship between Mainspring and

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

Mainspring to sponsor the Inaugural Growth Investor Awards

New Awards will celebrate the role of fund management community in SME growth Open primarily to Fund Managers and others active in SME investment including Wealth Managers, Private Equity & Venture Capital Companies, Financial Advisers, Angel Networks and Investment Platforms Organised by Intelligent Partnership and supported by high profile Advisory Board Awards dinner to be held on 22 October at the London Marriott Grosvenor Square Intelligent Partnership, the UK’s leading provider of research and education on alternative investment, is today launching the