Financial and insurance services

Tender description

An FCA approved fund manager is required to manage and deliver the successor seed equity fund on behalf of Invest NI for a 10-year period (5 year investment/5 year realisation). The legal agreements will also incorporate provision for four 1-year extensions to the contract. The procurement will also include management of the proof of concept grant fund for a 6-year period (5 years awarding grants/1 year making final grant payments). The contract holder will be expected to deliver the seed equity fund contract on behalf of Invest NI for a 10-year period by entering into a limited partnership agreement (‘LPA’) and management services agreement (‘MSA’). An FCA approved fund manager is required to manage and deliver the successor seed equity fund on behalf of Invest NI for a 10-year period (5-year investment/5-year realisation). The legal agreements will also incorporate provision for four 1-year extensions to the contract. The procurement will also include management of the proof of concept grant fund for a 6-year period (5 years awarding grants/1 year making final grant payments). The contract holder will be expected to deliver the seed equity fund contract on behalf of Invest NI for a ten year period by entering into a limited partnership agreement (‘LPA’) and management services agreement (‘MSA’).