Awarded contract

Financial and insurance services

Details

Buyer: Invest Northern Ireland
Supplier(s): Whiterock Capital Partners LLP
Value: £6,050,000
Duration: 10 years
Topic: Financial and insurance services
Published: 3 September 2018
Source: TedNotices

Tender description

An FCA approved fund manager is required to manage and deliver GLF II on behalf of Invest NI for a 10 year period. The legal agreements will also incorporate provision for 2 1-year extensions to the contract. The role of the fund manager will be to identify suitable businesses for investment and make loans of between 100 000 GBP and 500 000 GBP to an average of 18 businesses per annum. An FCA approved fund manager is required to manage and deliver GLF II on behalf of Invest NI for a 10 year period. The legal agreements will also incorporate provision for 2 1-year extensions to the contract. The role of the fund manager will be to identify suitable businesses for investment and make loans of between 100 000 GBP and 500 000 GBP to an average of 18 businesses per annum.

Timeline

Completed: Award published3 September 2018
Current notice
Completed: Award date3 September 2018
Next: Contract expiry date12 July 2028in 2 years

About the buyer

Invest Northern Ireland is the region's economic development agency, sponsored by the Department for the Economy, and buys as a non-departmental public body. Smaller contracts run by email, with interested suppliers contacting the procurement team. Framework agreements cover economics, legal and patent appraisal services. All of its contracts in 2025/26 were for services. Buying follows the Northern Ireland Public Procurement Policy Statement.

A pipeline spreadsheet lists planned procurements.

Over the past 5 years, most of Invest Northern Ireland's contract awards have been in business services, software and information systems and financial and insurance services.

Relevant CPV codes

66000000 · Financial and insurance services
66100000 · Banking and investment services
66110000 · Banking services
66113000 · Credit granting services
66120000 · Investment banking services and related services
66122000 · Corporate finance and venture capital services
66190000 · Loan brokerage services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@invest-northern-ireland.gov
Commercial Director	+44 •••• ••••••	••••••••@invest-northern-ireland.gov
Procurement Manager	+44 •••• ••••••	••••••••@invest-northern-ireland.gov
Category Lead	+44 •••• ••••••	••••••••@invest-northern-ireland.gov
Senior Buyer	+44 •••• ••••••	••••••••@invest-northern-ireland.gov
Contracts Manager	+44 •••• ••••••	••••••••@invest-northern-ireland.gov