Innovation Investment Fund – Procurement of a Fund Manager
What the buyer wrote
Cardiff Council is seeking to procure a Financial Conduct Authority (“FCA”) authorised fund manager (“Fund Manager”) on behalf of Cardiff Capital Region (“CCR”) to establish, provide certain services, and to manage the capital allocated under the innovation investment fund (“Fund”) which focuses on providing funding support to proven high growth innovative businesses looking to scale up, via patient capital or long-term investment, in the South East Wales region. The fund will be capitalised initially at 50million GBP, but will look to target a total Fund size of up to 100million GBP; including co-investment from other investors. The Fund is anticipated to be classed as an alternative inve…
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Details
- What the buyer calls it
- Innovation Investment Fund – Procurement of a Fund Manager
- How they are buying
- Advertised, then negotiatedThe buyer talked terms with bidders rather than taking fixed offers.
- Type
- services
- Where
- in Wales
- Kind of work
- Technology and digital, Management consultancy
Who the buyer named
Samantha Harry was the named contact on this notice.