Banking and investment services | Tenderlake

Banking and investment services

Contract Value:
-
Notice Type:
Contract award notice
Published Date:
25 September 2024
Closing Date:
Location(s):
UKN NORTHERN IRELAND (UK UNITED KINGDOM)
Description:
DfE - Invest NI - Management of Co-Fund I, II and III

Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (“LPA”) and a Management Services Agreement (“MSA”), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents.

Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (“LPA”) and a Management Services Agreement (“MSA”), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents.

Awarded to:
INVEST NI: CO INVESTMENT FUND III (CIF III)
CLARENDON FUND MANAGERS LIMITED, BELFAST (UK)
Download full details as .pdf
The Buyer:
Invest Northern Ireland
CPV Code(s):
66000000 - Financial and insurance services
66100000 - Banking and investment services
66122000 - Corporate finance and venture capital services