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
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: GBP 12650000
Notice Type: Tender
Document Ref. No.: SSD-6426
Purchaser's Detail:
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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:

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Dfe Invest Ni - Successor Pre Seed and Seed Fund and Proof of Concept Grant Fund - Greatbritain Tender

The CPD - SUPPLIES AND SERVICES DIVISION, a Government sector organization in United Kingdom, has announced a new tender for Dfe Invest Ni - Successor Pre Seed and Seed Fund and Proof of Concept Grant Fund. This tender is published on GreatbritainTenders under GBT Ref No: 112983698 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-02-11.

The estimated tender value is GBP 12650000, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.