--- title: "Venture Capital Portfolio Management Services" ocid: "ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NORTH EAST FINANCE (HOLDCO) LIMITED" published: "2018-09-17" --- # Venture Capital Portfolio Management Services Buyer: NORTH EAST FINANCE (HOLDCO) LIMITED Current stage: Tender OCID: ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3.json) ## Summary 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. ## Notice 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 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5c206fa9-cf06-41d6-a1f1-a332083fc31a | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 17 Sep 2018 | | Submission deadline | 18 Oct 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jan 2019 - 30 Jun 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £162,500 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | NORTH EAST FINANCE (HOLDCO) LIMITED | | Locality | NEWCASTLE-UPON-TYNE | | Post town | Newcastle upon Tyne | | Postcode | NE1 6EE | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC43 Tyneside | | Local authority | Newcastle upon Tyne | | Electoral ward | Monument | | Westminster constituency | Newcastle upon Tyne Central and West | | Delivery location | TLC North East (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 17 Sep 2018 at 15:31 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5c206fa9-cf06-41d6-a1f1-a332083fc31a ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5c206fa9-cf06-41d6-a1f1-a332083fc31a 17th September 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/2d3d65d2-01f5-41e2-bcc3-f0b07fa32010 Process Summary - https://www.contractsfinder.service.gov.uk/Notice/Attachment/57d9c270-e1d7-48dc-8849-fa6a67d741da SQ Instructions - https://www.contractsfinder.service.gov.uk/Notice/Attachment/83895df4-b65d-457d-a838-c44d256444c5 Selection Questionnaire - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b5329d9c-ce41-481e-9046-7b7545db4d12 Draft Invitation to Tender - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d0fc5c5b-7f57-43a3-9366-75429e7749c2 Draft Fund Management Agreement - http://www.northeastfinance.org/news-events/latest-news/procurement-of-venture-capital-portfolio-management-services.aspx Link to Documents and Updated Q and As re Process ## Notice URLs - http://www.northeastfinance.org/news-events/latest-news.aspx ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bf82f613-6bb2-452e-a4aa-9fc4f91b0ba3.json.