--- title: "GGIF Fund Management" ocid: "ocds-h6vhtk-04c1a5" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c1a5" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c1a5.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c1a5.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "THE WEST OF ENGLAND COMBINED AUTHORITY" published: "2024-12-02" --- # GGIF Fund Management Buyer: THE WEST OF ENGLAND COMBINED AUTHORITY Current stage: Tender OCID: ocds-h6vhtk-04c1a5 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c1a5) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04c1a5.json) ## Summary 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. ## Notice 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. ### Lot Information Lot 1 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. 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. The MCA requires the appointed AIFM to be able to demonstrate the following attributes as part of the procurement process: A competitive / market standard fees and fund structure A Track record (above the median/ top quartile for benchmark funds) of previous funds A strong experienced proven management team 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 A visible pipeline and clear origination strategy Evidence of high quality performing underlying assets for existing funds Evidence of access to a strong investor base and significant fund-raising experience Evidence of strong governance and management systems in place ESG / Impact reporting experience at a regulated fund reporting level A commitment to work with the MCA Grant funded BBRC Investment Readiness Advisory Service (IRAS) Interested parties should register at https://weca-atamis.my.site.com/s/Welcome to view documents and submit bids. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/038825-2024 | | 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 | 2 Dec 2024 | | Submission deadline | 6 Jan 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 3 Mar 2025 - 3 Mar 2038 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £600,000 | | Lots value | £600,000 | | 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 | THE WEST OF ENGLAND COMBINED AUTHORITY | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS1 6AL | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK5 West of England | | ITL 3 | TLK51 Bristol, City of | | Local authority | Bristol, City of | | Electoral ward | Central | | Westminster constituency | Bristol Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 2 Dec 2024 at 17:33 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/038825-2024 ## Notice URLs - https://weca-atamis.my.site.com/s/Welcome - https://www.westofengland-ca.gov.uk/about-us/contact-us/ ## 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-04c1a5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c1a5.json.