Financial and insurance services
Published
Description
An FCA approved fund manager is required to manage and deliver Development Fund II on behalf of Invest NI for a 10-year period (5 year investment/5 year realisation). The legal agreements will also incorporate provision for 4 1-year extensions to the contract. The role of the fund manager will be to make suitable investments in 2-7 businesses each year of the investment period. Thereafter, the fund manager will be responsible for continued management and exit from all investments within the realisation period, subject to 4 1-year extensions. An FCA approved fund manager is required to manage and deliver Development Fund II on behalf of Invest NI for a 10-year period (5 year investment/5 year realisation). The legal agreements will also incorporate provision for 4 1-year extensions to the contract. The role of the fund manager will be to make suitable investments in 2-7 businesses each year of the investment period. Thereafter, the fund manager will be responsible for continued management and exit from all investments within the realisation period, subject to 4 1-year extensions.
Timeline
Publish date
5 years ago
Award date
5 years ago
Buyer information
Invest Northern Ireland
- Email:
- SSDAdmin.cpd@finance-ni.gov.uk
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