Tender

Venture Capital Portfolio Management Services

NORTH EAST FINANCE (HOLDCO) LIMITED

This public procurement record has 1 release in its history.

Tender

17 Sep 2018 at 15:31

Tender Notice
Summary of the contracting process

NORTH EAST FINANCE (HOLDCO) LIMITED is seeking tenders for "Venture Capital Portfolio Management Services," aimed at managing its Finance for Business North East Technology Fund and potentially other venture capital investments. This procurement is classified under financial and insurance services and is in the active tender stage. The contract is targeted to commence on 1 January 2019 and is set to run until at least 30 June 2021, with the possibility of extension to 30 June 2022. Interested parties must submit their proposals by the deadline of 18 October 2018.

This tender presents an excellent opportunity for financial services firms, particularly those specialising in venture capital management and fund administration. Small and medium-sized enterprises (SMEs) may find this tender particularly suitable, as the procurement process is designed to encourage their participation. Businesses with relevant expertise in managing investment portfolios will be well-positioned to compete effectively in this procurement process, thus enabling them to expand their service offerings and client base.

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Notice Information

Notice Title

Venture Capital Portfolio Management Services

Notice Description

North East Finance is seeking to appoint a fund management organisation to take over the management of the investment portfolio of NEF's Finance for Business North East Technology Fund from the current fund manager and, potentially, to manage other venture capital investments from within NEF's portfolio. The successful bidder will become responsible for the Technology Fund (by taking ownership of the General Partner entity) and will be required to manage, and to realise value from, its portfolio and then to wind-up the Technology Fund, in the period from completion of the contract (targeted for 1 January 2019) to 30 June 2021 (which period may be extended by up to a year, to 30 June 2022). For full details of the opportunity, including the OJEU Notice, draft Invitation to Tender and draft Fund Management Agreement, please see the latest news section of North East Finance's website: http://www.northeastfinance.org/news-events/latest-news.aspx

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c206fa9-cf06-41d6-a1f1-a332083fc31a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£162,500 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20187 years ago
Submission Deadline
18 Oct 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2019 - 30 Jun 2021 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTH EAST FINANCE (HOLDCO) LIMITED
Contact Name
Alastair Smith
Contact Email
alastair.smith@northeastfinance.org
Contact Phone
+441912112313

Buyer Location

Locality
NEWCASTLE-UPON-TYNE
Postcode
NE1 6EE
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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