---
title: "FUND MANAGEMENT SERVICES IN RELATION TO THE WEST MIDLANDS EQUITY CO-INVESTMENT FUND"
ocid: "ocds-h6vhtk-034a38"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-034a38"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-034a38.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-034a38.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "WEST MIDLANDS COMBINED AUTHORITY"
published: "2022-06-28"
---

# FUND MANAGEMENT SERVICES IN RELATION TO THE WEST MIDLANDS EQUITY CO-INVESTMENT FUND

Buyer: WEST MIDLANDS COMBINED AUTHORITY  
Current stage: Tender  
OCID: ocds-h6vhtk-034a38

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-034a38.json)

## Summary

The West Midlands Combined Authority (WMCA) is seeking suppliers for Fund Management Services in relation to the West Midlands Equity Co-Investment Fund. This procurement falls within the financial and insurance services sector and is currently in the Tender stage. The procurement is aimed at establishing a £25 million co-investment fund by 3rd October 2022, to support high-growth SMEs in the West Midlands region. Bids for this contract must be submitted electronically by 25th July 2022, with an opening scheduled for the same day. Interested parties are encouraged to review the full terms and criteria for submission.

This tender presents significant opportunities for businesses involved in financial services, particularly those with expertise in fund management and equity investment. Companies that are FCA registered and possess a strong track record in managing co-investment funds would be particularly well-suited to compete. The co-investment strategy, which can leverage both public and private sector investments, enhances the potential for substantial returns while aiming to support job creation and sustainable economic growth in the region.

## Notice

The West Midlands Combined Authority ("WMCA") and a second investor to the Fund ("Investor 2") will be establishing a co-investment fund ("the West Midlands Equity Co-Investment Fund" or "the Fund"), making equity investments into the region's high growth potential SMEs. Both parties aim to have the fund established and ready to launch by no later than 3rd October 2022.

### Lot Information

Lot 1

The West Midlands Equity Co-Investment Fund ("the Fund" or "WMCO") is a PS25m co-investment fund to facilitate the provision of equity finance to up to 45, revenue generating businesses with potential for high growth across the Region. Targeting a minimum 2x return, the Fund will take a sector agnostic approach to its investment, aligned to WMCA regional strategy. WMCA strategic areas include: * New manufacturing economy - advanced manufacturing; * Creative and digital (including technology); * Low carbon and environmental technologies; * Medical and life sciences; * Logistics and transport technologies; and * Construction (building technologies) Operating over a ten-year life cycle, the Fund will operate as a co-investment fund, investing alongside the public and private sectors on a minimum PS1:PS1 basis.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/017674-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Jun 2022 |
| Submission deadline | 21 Jul 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £5,000,000 |
| Lots value | £5,000,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WEST MIDLANDS COMBINED AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B19 3SD |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Newtown |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66120000 - Investment banking services and related services

## Release History

- 28 Jun 2022 at 16:27 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017674-2022
- 24 Jun 2022 at 10:49 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017299-2022

## Notice URLs

- https://wmca.bravosolution.co.uk/
- https://wmca.bravosolution.co.uk/web/login.html
- https://www.wmca.org.uk/

## 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-h6vhtk-034a38. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-034a38.json.