GGIF Fund Management

Concepts

• bristol
• finance and insurance
• benchmark funds
• fund structurea track record
• significant fund-raising experienceevidence
• previous fundsa strong experienced proven management teamthe ability
• management
• ggif
• england combined authority
• significant external public

Location

United Kingdom:

Description

This MCA is seeking to procure an appropriately qualified and experienced AIFM to go to market and raise matching capital from significant external public and importantly, private investors, aiming at a 10x multiple of the Combined Authority’s impact.

Total Quantity or Scope

The West of England Combined Authority (MCA) is seeking to launch a £100m Green Growth West Impact Fund (GGWIF) seed capitalized by the MCA with £10m as a cornerstone investor. GGWIF has been designed to assist with the tackling of ambitious goals set out in its 2023 Climate and Ecological Strategy and Action Plan, by generating significant environmental, social and economic impacts while preserving and amplifying the Combined Authority’s capital.This MCA is seeking to procure an appropriately qualified and experienced AIFM to go to market and raise matching capital from significant external public and importantly, private investors, aiming at a 10x multiple of the Combined Authority’s impact.The MCA requires the appointed AIFM to be able to demonstrate the following attributes as part of the procurement process:A competitive / market standard fees and fund structureA Track record (above the median/ top quartile for benchmark funds) of previous fundsA strong experienced proven management teamThe ability to demonstrate evidence of a sound investment strategy with projected return (financial and impact) exceeding what would normally be expected in the sector contextA visible pipeline and clear origination strategyEvidence of high quality performing underlying assets for existing fundsEvidence of access to a strong investor base and significant fund-raising experienceEvidence of strong governance and management systems in placeESG / Impact reporting experience at a regulated fund reporting levelA commitment to work with the MCA Grant funded BBRC Investment Readiness Advisory Service (IRAS)Interested parties should register at https://weca-atamis.my.site.com/s/Welcome to view documents and submit bids.

CPV Codes

• 66000000 - Financial and insurance services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **