United Kingdom-BELFAST: DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund
Details
| Contract Title: | United Kingdom-BELFAST: DfE Invest NI - Successor pre seed and seed fund and Proof of Concept grant fund |
| Published Date: | Mar 13, 2025 |
| Notice Type: | Award (ContractAwardNotice) |
| Value Banding: | High Value |
| Delivery Point: | United Kingdom |
Description:
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 ca...