Fund Management for Venture Capital Funds

Fund Management for Venture Capital Funds

The contracting authority is seeking to develop a framework of fund managers to deliver fund portfolio management services for a range of investment funds, from a variety of sources.

United Kingdom-Norwich: Corporate finance and venture capital services

2015/S 209-379703

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

University of East Anglia
Purchasing Office, University of East Anglia, Earlham Road
For the attention of: Claire Woodcroft
NR4 7TJ Norwich
UNITED KINGDOM
Telephone: +44 1603592728
E-mail: c.woodcroft@uea.ac.uk
Fax: +44 1603593526

Internet address(es):

General address of the contracting authority: www.uea.ac.uk

Further information can be obtained from: University of East Anglia
Purchasing Office, University of East Anglia NB (via In-Tend: UEA electronic tendering portal, (url link below) see advert for details)
For the attention of: Claire Woodcroft
NR4 7TJ Norwich
UNITED KINGDOM
Telephone: +44 1603592728
E-mail: c.woodcroft@uea.ac.uk
Fax: +44 1603593526
Internet address: https://in-tendhost.co.uk/universityofeastanglia/asp/

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: University of East Anglia
Purchasing, University of East Anglia NB (via In-Tend: UEA electronic tendering portal, (url link below) see advert for details)
For the attention of: Claire Woodcroft
NR4 7TJ Norwich
UNITED KINGDOM
Telephone: +44 1603592728
E-mail: c.woodcroft@uea.ac.uk
Internet address: https://in-tendhost.co.uk/universityofeastanglia/aspx/Home

Tenders or requests to participate must be sent to: University of East Anglia
Purchasing Office, University of East Anglia
For the attention of: Claire Woodcroft
NR4 7TJ Norwich
UNITED KINGDOM
Telephone: +44 1603592728
E-mail: c.woodcroft@uea.ac.uk
Internet address: https://in-tendhost.co.uk/universityofeastanglia/aspx/Home

I.2)Type of the contracting authority

Body governed by public law

I.3)Main activity

Education
Other: research

I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description

II.1.1)Title attributed to the contract by the contracting authority:

Fund Management for Venture Capital Funds.

II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: Norwich.

NUTS code UKH13

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves the establishment of a framework agreement

II.1.4)Information on framework agreement

Framework agreement with several operators
Number of participants to the framework agreement envisaged: 12

Duration of the framework agreement

Duration in years: 4

II.1.5)Short description of the contract or purchase(s)

The contracting authority is seeking to develop a framework of fund managers to deliver fund portfolio management services for a range of investment funds, from a variety of sources. The services will be for early stage investments into SMEs and other eligible companies, developing low carbon goods and services and/ or growing, developing or expanding in a manner consistent with the progression to a low carbon economy.
There is no clear idea as to how much will be spent with the fund manager (s) as this is dependant on the value of the fund. However ERDF guidance suggests not more than 3 % of the value of the fund can be spent on the fund manager per annum.

II.1.6)Common procurement vocabulary (CPV)

66122000, 66140000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): no

II.1.8)Lots

This contract is divided into lots: yes
Tenders may be submitted for one or more lots

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

Lot 1: Advisor to local delivery team for smaller investments scheme.
Deal Size — 50 000 GBP to 250 000 GBP.
Period of investment 3 years, initial capital pot envisaged to be 2 000 000 GBP, debts expected to convert to equity. Investments to be made over a period of 5 years.
Lot 2: Low carbon and clean tech fund.
Deal size — 250 000 GBP +.
Lot will not be activated until capital pot has reached 5 000 000 GBP to 10 000 000 GBP. Investments to be made over a period of 5 years. Exits anticipated 3 to 5 years after investment. Interaction with local delivery team. Local Delivery team to carry out monitoring required by funders where applicable.
Lot 3: Med Tech Fund.
Deal Size — 250 000 GBP +.
Lot will not be activated until capital pot has reached 5 000 000 GBP to 10 000 000 GBP. Investments to be made over a period of 5 years. Exits anticipated 5 to 7 years after investment. Interaction with local delivery team. Local delivery team to carry out monitoring required by funders, where applicable.
Lot 4: Creative Content Fund.
Advisor to local delivery team, deal size — 25 000 GBP to 400 000 GBP (profit share).
Period of returns 2 to 5 years. Capital pot 1 000 000 GBP. Investments to be made over a period of 5 years.

II.2.2)Information about options

Options: no

II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Information about lots

Lot No: 1 Lot title: Advisor to local delivery team for smaller investments scheme

1)Short description

Deal size — 50 000 GBP to 250 000 GBP.
Period of investment 3 years, initial capital pot envisaged to be 2 000 000 GBP, debts expected to convert to equity. Investments made over a period of 5 years.

2)Common procurement vocabulary (CPV)

66122000, 66140000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 2 Lot title: Low Carbon and Clean Tech Fund

1)Short description

Deal size — 250 000 GBP +.
Lot will not be activated until capital pot has reached 5 000 000 GBP to 10 000 000 GBP Investments to be made over a period of 5 years. Exits anticipated 3 to 5 years after investment. Interaction with local delivery team, local delivery team to carry out monitoring required by funders where applicable.

2)Common procurement vocabulary (CPV)

66122000, 66140000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 3 Lot title: Med tech fund

1)Short description

Deal size — 250 000 GBP +.
Lot will not be activated until capital pot has reached 5 000 000 GBP to 10 000 000 GBP. Investments to be made over a period of 5 years. Exits anticipated 5-7 years after investment. Interaction with local delivery team. Local delivery team to carry out monitoring required by funders where applicable.

2)Common procurement vocabulary (CPV)

66122000, 66140000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 4 Lot title: Creative Content Fund

1)Short description

Advisor to local delivery team, deal size — 25 000 GBP to 400 000 GBP (profit share).
Period of returns 2-5 years, capital pot — 1 000 000 GBP. Investments to be made over a period of 5 years.

2)Common procurement vocabulary (CPV)

66122000, 66140000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract

III.1.1)Deposits and guarantees required:

None.

III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

References to these matters where applicable will be made in the Invitation to Tender.

III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

References to these matters where applicable will be made in the Invitation to Tender.
III.1.4)Other particular conditions
III.2)Conditions for participation

III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: References to these matters where applicable will be made in the Invitation to Tender.

III.2.2)Economic and financial ability

Minimum level(s) of standards possibly required: None.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
References to these matters where applicable will be made in the Invitation to Tender.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:

PURCON 617

IV.3.2)Previous publication(s) concerning the same contract

Prior information notice

Notice number in the OJEU: 2015/S 118-214562 of 20.6.2015

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Time limit for receipt of requests for documents or for accessing documents: 23.11.2015 – 12:00
Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

23.11.2015 – 12:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.

IV.3.7)Minimum time frame during which the tenderer must maintain the tender

in days: 90 (from the date stated for receipt of tender)
IV.3.8)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: yes
Reference to project(s) and/or programme(s): European Regional Development Fund.

VI.3)Additional information

All interested parties are to note that this procurement will be via In-Tend our e-Tendering portal. You will need to register with In-Tend free of charge if you wish to express an interest and access the tender documentation. To register go to https://in-tendhost.co.uk/universityofeastanglia/aspx/Home

Follow the instructions to register on the system and download the tender documents.

VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:

23.10.2015

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