Financial and insurance services
Details
- Supplier(s)
- Crescent Capital NI Limited
- Value
- £11,017,500
- Duration
- 10 years
- Topic
- Financial and insurance services
- Published
- 25 June 2019
- Source
- TedNotices
Tender 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
- Completed: Award published25 June 2019Current notice
- Completed: Award date25 June 2019
- Next: Contract expiry date3 May 2029in 3 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.
| Contact name | 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 |
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