{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-04c1a5-2024-12-02T17:33:36Z",
    "date": "2024-12-02T17:33:36Z",
    "ocid": "ocds-h6vhtk-04c1a5",
    "initiationType": "tender",
    "tender": {
        "id": "C0331",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "GGIF Fund Management",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "mainProcurementCategory": "services",
        "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.",
        "value": {
            "amount": 600000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "The West of England Combined Authority (MCA) is seeking to launch a PS100m Green Growth West Impact Fund (GGWIF) seed capitalized by the MCA with PS10m 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.<br/><br/>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.<br/><br/>The MCA requires the appointed AIFM to be able to demonstrate the following attributes as part of the procurement process:<br/><br/>A competitive / market standard fees and fund structure<br/><br/>A Track record (above the median/ top quartile for benchmark funds) of previous funds<br/><br/>A strong experienced proven management team<br/><br/>The ability to demonstrate evidence of a sound investment strategy with projected return (financial and impact) exceeding what would normally be expected in the sector context<br/><br/>A visible pipeline and clear origination strategy<br/><br/>Evidence of high quality performing underlying assets for existing funds<br/><br/>Evidence of access to a strong investor base and significant fund-raising experience<br/><br/>Evidence of strong governance and management systems in place<br/><br/>ESG / Impact reporting experience at a regulated fund reporting level<br/><br/>A commitment to work with the MCA Grant funded BBRC Investment Readiness Advisory Service (IRAS)<br/><br/>Interested parties should register at https://weca-atamis.my.site.com/s/Welcome to view documents and submit bids.",
                "value": {
                    "amount": 600000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "startDate": "2025-03-03T00:00:00Z",
                    "endDate": "2038-03-03T23:59:59Z"
                },
                "hasRenewal": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "active"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://weca-atamis.my.site.com/s/Welcome",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2025-01-06T12:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 90
            }
        },
        "awardPeriod": {
            "startDate": "2025-01-06T12:00:00Z"
        },
        "bidOpening": {
            "date": "2025-01-06T12:00:00Z"
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-120039",
            "name": "The West of England Combined Authority",
            "identifier": {
                "legalName": "The West of England Combined Authority"
            },
            "address": {
                "streetAddress": "70 Redcliff Street",
                "locality": "Bristol",
                "region": "UK",
                "postalCode": "BS1 6AL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Paul Smith",
                "email": "paul.smith@westofengland-ca.gov.uk",
                "url": "https://weca-atamis.my.site.com/s/Welcome"
            },
            "roles": [
                "buyer",
                "reviewBody",
                "mediationBody",
                "reviewContactPoint"
            ],
            "details": {
                "url": "https://www.westofengland-ca.gov.uk/about-us/contact-us/",
                "buyerProfile": "https://www.westofengland-ca.gov.uk/about-us/contact-us/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-120039",
        "name": "The West of England Combined Authority"
    },
    "language": "en"
}