DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund
Invest NI would like to procure a fund manager to deliver the following services on its behalf: Manage a Successor pre seed and seed equity fund for an initial period of ten years (with scope to extend by a maximum of five years to allow an orderly exit from the equity investments) to undertake a total investment of £48m in the NI market with an associated management fee of a maximum of £10.3m over 10 years. Investments will be made in the form of equity securities, mainly ordinary shares but can include preference...
Buyer
DfE - Invest NI
Value
£12,650,000
Published
12 Mar 2025
Closes
11 Feb 2025
Procurement details
Source
Find a Tender
Region
United Kingdom
Procurement method
Open
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66000000
Financial and insurance services
66100000
Banking and investment services
66120000
Investment banking services and related services
66122000
Corporate finance and venture capital services
66113000
Credit granting services
66113100
Micro-credit granting services
Lots
Lot 1 DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund
£12,650,000
Invest NI would like to procure a fund manager to deliver the following services on its behalf: Manage a Successor pre seed and seed equity fund for an initial period of ten years (with scope to extend by a maximum of five years to allow an orderly exit from the equity investments) to undertake a total investment of £48m in the NI market with an associated m...
Delivery: Northern Ireland
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