DfE - Invest NI - Management of Co-Fund I, II and III

Concepts

• banking and investment
• belfast
• five year investment period
• cif iii
• iii
• management services agreement
• a five year investment period
• a management services agreement
• ii
• invest ni

Location

Northern Ireland:

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.

Renewal Options

the option to extend for 4 further periods of 1 year each.

CPV Codes

• 66100000 - Banking and investment services
• 66000000 - Financial and insurance services
• 66122000 - Corporate finance and venture capital services

Indicators

• This is a one-off contract (no recurrence)
• Options are available.
• Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Suppliers not delivering. on contract requirements is. a serious matter. It means the public purse is not. getting what it is paying for. If. a Supplier fails to reach. satisfactory levels of contract. performance they will be given a specified time to. improve. If, after the specified. time, they still fail to reach. satisfactory levels of contract. performance, the matter will be escalated to. senior management in CPD for. further action. If this occurs. and their performance still. does not improve to satisfactory levels within the. specified period, it may be. regarded as an act of grave. professional misconduct. and they may be issued with a notice of Unsatisfactory. Performance and the. contract may be terminated.. The issue of a notice of. Unsatisfactory Performance will result in the Supplier being. excluded from all. procurement competitions. being undertaken by Centres. of Procurement Expertise on behalf of bodies covered by the. Northern Ireland. Procurement Policy for a period of twelve months from the. date of issue of the notice. ..