D2N2-0723 D2N2 Early Stage Angel Investment Fund (ESAIF) Fund Manager

Concepts

• early stage angel investment fund
• esaif
• matlock
• corporate finance
• local enterprise partnership
• angel investment fund
• fund manager
• equity investment
• early-stage
• limited partnership fund structure

Location

Description

Established in 2010, D2N2 is a Local Enterprise Partnership (LEP) operating in the local authority areas of Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area's economy. Local enterprise partnerships are non-statutory bodies responsible for local economic development in England. D2N2 is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA (gross value added). D2N2 is looking to establish an early stage angel investment fund (the Fund) in order to promote equity investment in a core client group where intervention is required to stimulate real opportunity, namely early-stage, start-up businesses between 6 months to 2-years old, typically requiring small amounts of pre-seed and seed investment. D2N2 has up to £4m to invest and requires a 1:1 co-investment rate from the successful Tenderer. D2N2 proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).

CPV Codes

• 66122000 - Corporate finance and venture capital services

Indicators

• Contract is suitable for SMEs.
• Contract is suitable for VCOs.

Other Information

Advert https://procontract.due-north.com/Advert?advertId=51d12d8f-8f36-ee11-8124-005056...