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Tender Details
- Country: United Kingdom
- Summary: Dfe Invest Ni - Successor Pre Seed and Seed Fund and Proof of Concept Grant Fund
- GBT Ref No: 112983698
- Deadline: 11 Feb 2025
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 12650000
- Notice Type: Tender
- Document Ref. No.: SSD-6426
- Purchaser's Detail :
- Description :
- Tenders are invited for Invest NI would like to procure a fund manager to deliver the following services on its behalf: Manage a Successor pre seed and seed equity fund for an initial period of ten years (with scope to extend by a maximum of five years to allow an orderly exit from the equity investments) to undertake a total investment of £48m in the NI market with an associated management fee of a maximum of £10.3m over 10 years. Investments will be made in the form of equity securities, mainly ordinary shares but can include preference shares or instruments convertible into ordinary/ preference shares. If the fund is extended beyond the 10 years, Invest NI will negotiate with the fund manager in relation to additional fees and Manage a Proof of Concept (POC) grant fund for a period of six years to undertake total investment of £7.2m in the NI market with an associated maximum fee of £900k plus VAT. A legal contract, by way of a Limited Partnership Agreement (LPA) and a Management Service Agreement (MSA) will govern the ten-year contract to deliver the successor fund. There will be a separate Grant Management Agreement for the POC grant fund. Please see Tender documents for full details. Procurement Type: Services CPC Category: Financial services: (a) Insurance services, (b) Banking and investment services Directive: 2014/24/EU (Classic) Procedure: Open CfT Involves: A Public Contract CPV Codes: 66000000-Financial and insurance services66100000-Banking and investment ...
- Documents :
Purchaser : CPD - SUPPLIES AND SERVICES DIVISION
Address: 303 Airport Road West Address(EN): 303 Airport Road West Postal Code: BT3 9ED City: BELFAST City(EN): BELFAST Country: United Kingdom Email: Phone Number: Fax: Website:
Email :SSDAdmin.CPD@finance-ni.gov.uk
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