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Invest NI is seeking to appoint a fund manager to manage and deliver CIF III for a ten-year period with an option to extend for four periods of one year each. The initial ten-year term is split into a five year investment period, followed by a five year follow on and exit period. A legal contract, by way of a Limited Partnership Agreement (“LPA”) and a Management Services Agreement (“MSA”), will govern the ten-year contract to deliver CIF III and a draft LPA and MSA will be included in the tender documents.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| CLARENDON FUND MANAGERS LIMITED | 03525474 | ~£9,685,000 estimated from lot values | 1 lot Lot 1 | - |
This procurement was divided into 1 lots, each awarded separately. 1 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 3,600 days (≈9.9 yrs) | £9,685,000 £7,628,724 initial term | 1 single bid — no competition | CLARENDON FUND MANAGERS LIMITED | active |
Weightings from the notice.
Published by the buyer on this notice. Details change and are not updated here.