Mainspring Fund Services and Aspida Group have partnered to provide Guernsey-domiciled private equity and venture capital funds with a comprehensive solution for fund administration, compliance, governance and reporting.

At the same time, the partner firms confirmed their very first launch – a USD550m Private Investor Fund. The Guernsey-domiciled Fund, which has completed its first close, is run with a global mindset, investing in growth-stage technology companies across Europe, Asia and North America. The Fund is structured with a dedicated feeder for employees, advisers and affiliates.

Through the partnership, fund managers will benefit from the focused, specialist services of Aspida for governance, economic substance and regulatory compliance, and Mainspring for fund administration.

Aspida is an established Guernsey-based provider of solutions to alternative fund managers. Its clients manage assets of more than GBP2 billion, across multiple alternative asset classes.

Read more/Source: Private Equity Wire