DfE - Invest NI - Management of Co-Fund I, II and III
Estimated value
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Awarded value
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Suppliers
1
Lots
1
Published
25 Sept 2024
Description
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.
Scope
- Reference
- 5163499
- Commercial tool
- Standalone contract
- Contract dates
the option to extend for 4 further periods of 1 year each.
- Main category
- services
- CPV classifications
- 6600000066122000
- Contract locations
- Northern Ireland
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Personnel Recruitment | 4.6 | quality | — |
| Personnel Experience of Executive 1, 2 and 3 | 15 | quality | — |
| Management of CIF III | 12.4 | quality | — |
| Marketing Strategy Development | 7.5 | quality | — |
| Venture Capital Development, Links to Private Investors Business Angel Development | 9.1 | quality | — |
| Engagement with Invest NI | 3.2 | quality | — |
| Governance | 3.2 | quality | — |
| Social Value | 10 | quality | — |
| General Partner’s share | 35 | cost | — |
Submission & procedure
- Procedure
- Open procedure
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
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Award date
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Contract start
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Contract end
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