The Provision of Fund Management Services for the NWDA's Transitional Venture Capital Loan Fund

Code: NWDA00301
Date Advertised: 03.07.2009
Date Due: 13.07.2009

Description:

The Agency is in the process of developing a £140m North West Venture Capital Loan Fund. The fund will have an initial investment period of six years ending in December 2015 with all returns  being invested in a legacy fund, creating an evergreen fund for the North West. Due to the size and complexity of the project a number of approvals are required from Central Government and others and therefore, it is not anticipated that this main fund will be operational until 2010.

This Contract is for transitional Venture Capital Loan Fund management to manage circa £9.5m mezzanine and equity fund and £4m loan fund which has been made available pending the launch of the main scheme. Investments made through this transitional project will be transferred into the main fund for future management once operational.

It is anticipated that the successful bidder(s) or consortium(s) will be capable of delivering Venture Capital  and/or Loan funding to those targeted groups. In addition, where applicable the successful bidder(s) must be able to exploit and maximise EU and other funding available to enhance provision under this contract.

For more information please download the tender documentation below.

Tender Documents:

Pre-Qualification Questionnaire

Lot 1 Return Label

Lot 2 Return label

OJEU Notice

Tender Clarification Question 1