GGIF Fund Management

THE WEST OF ENGLAND COMBINED AUTHORITY

There is 1 contract in this contracting process.

Summary of the contracting process

The West of England Combined Authority (MCA) has initiated an open tender for the "GGIF Fund Management" project, classified under Financial and Insurance Services (CPV 66000000). The purpose is to procure an experienced Alternative Investment Fund Manager (AIFM) to raise matching capital from public and private investors, targeting a tenfold increase in the MCA's impact through a £100 million Green Growth West Impact Fund (GGWIF). The procurement process is currently in the tender stage, with submissions due by 6 January 2025 at 12:00 PM. The contract will commence on 3 March 2025 and conclude on 3 March 2038, with no option for renewal.

This tender represents a significant business opportunity, particularly for firms with a strong track record in fund management and a robust investor base. Companies with expertise in environmental, social, and governance (ESG) reporting, a sound investment strategy, and experience in managing high-quality assets are well-suited to compete. The successful bidder will have the opportunity to collaborate with the MCA in delivering impactful environmental and economic outcomes, thereby enhancing their market reputation and expanding their portfolio in the public sector.

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Tender

GGIF Fund Management

THE WEST OF ENGLAND COMBINED AUTHORITY

Contract Timeline

Publication Date

2nd December 2024 17:33:36 PM

Tender Deadline

6th January 2025 12:00:00 PM Expired
Contract Summary

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.
Contract Details

Open Contracting ID

ocds-h6vhtk-04c1a5

Publication Source

Find a Tender Service

Procurement Stage

Tender

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66000000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

THE WEST OF ENGLAND COMBINED AUTHORITY

Buyer Name

Paul Smith

Buyer Email

paul.smith@westofengland-ca.gov.uk

Buyer Phone

Buyer Address

70 Redcliff Street

Bristol

BS1 6AL

United Kingdom

View contract on Find a Tender Service

GGIF Fund Management

THE WEST OF ENGLAND COMBINED AUTHORITY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority