For the provision of Fund Investment Adviser, Operator and Administrator Services for the Evergreen, Evergreen 2 and Low Carbon Funds

Tender description

Extension to 7th May 2024 5.00pm Lot Lot 1: The Investment Adviser and Operator Agreement for Evergreen, and (ii) the Investment Adviser and Operator Agreement for Evergreen 2. This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk. Contract term 48 months with 2 x 12 month permissible extensions The scope of the Services may expand and / or contract over the term of the contract(s) to reflect changes to the funding that is made available. Such changes may include, in particular: (a) increases of up to a maximum 100% of the value of the funds that are made available to the Evergreen and Evergreen 2 and Low Carbon sub-funds (from ERDF funds and/or other funding sources). The currently available funds are £60m for Evergreen, £60m for Evergreen 2 and £30m for Low Carbon. An increase of up to 100% of the value of the sub-funds would take the sub-fund values up to a maximum amount of £120m for Evergreen and £120m for Evergreen 2; and £60m for Low Carbon, (b) the reallocation of available funds between the Evergreen 2 and Low Carbon sub-funds (as appropriate) based on factors impacting the performance of the relevant sub-fund including, but not limited to, the successful Tenderer's performance and/or available pipeline. Tenderers should ensure that they are capable of performing the expanded and / or contracted Services and that the pricing submission in the Tender for the Lot (to become the contractual pricing) will apply equally to any expanded and / or contracted scope (on a pro rata basis, where applicable). Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal https://www.the-chest.org.uk/ Lot 2: For the provision of Fund Investment Adviser, Operator and Administrator Services for the Low Carbon Funds This Invitation to Tender document is issued via The Chest, the North West Procurement portal, and can be accessed using the following link www.the-chest.org.uk. Contract term 48 months with 2 x 12 month permissible extensions The scope of the Services may expand and / or contract over the term of the contract(s) to reflect changes to the funding that is made available. Such changes may include, in particular: (a) increases of up to a maximum 100% of the value of the funds that are made available to the Evergreen and Evergreen 2 and Low Carbon sub-funds (from ERDF funds and/or other funding sources). The currently available funds are £60m for Evergreen, £60m for Evergreen 2 and 30m for Low Carbon. An increase of up to 100% of the value of the sub-funds would take the sub-fund values up to a maximum amount of £120m for Evergreen and £120m for Evergreen 2; and £60mfor Low Carbon, (b) the reallocation of available funds between the Evergreen 2 and Low Carbon sub-funds (as appropriate) based on factors impacting the performance of the relevant sub-fund including, but not limited to, the successful Tenderer's performance and/or available pipeline. Tenderers should ensure that they are capable of performing the expanded and / or contracted Services and that the pricing submission in the Tender for the Lot (to become the contractual pricing) will apply equally to any expanded and / or contracted scope (on a pro rata basis, where applicable). Full tender documentation including invitation to tender, specifications, contingent loan agreements, Buyers terms and conditions of contract and background to fund documents can be accessed through the chest e procurement portal https://www.the-chest.org.uk/