DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund
What the buyer wrote
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 addi…
Bid for this and lost? There is a short window in which the decision can be questioned.
Awarded to
Details
- What the buyer calls it
- DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund
- How they are buying
- Advertised, open to anyoneAny supplier could bid without being invited first.
- Type
- services
- Where
- in Northern Ireland
- Kind of work
- Accountancy, audit and financial advice
Who the buyer named
SSDAdmin.CPDfinance-ni.gov.uk was the named contact on this notice.