Fund Management Services Life Sciences Venture Capital Investment Fund 2

Fund Management Services Life Sciences Venture Capital Investment Fund 2

The contract is for the provision of fund management services to a proposed Life Sciences Venture Capital Investment Fund 2 for Greater Manchester, Cheshire and Warrington.

Opportunity Id
DN587790
Title
GMCA 399 – Life Sciences Venture Capital Investment Fund 2 for Greater Manchester, Cheshire and Warrington
Categories
150000 – Consultancy
Description

The contract is for the provision of fund management services to a proposed Life Sciences Venture Capital Investment Fund 2 for Greater Manchester, Cheshire and Warrington (working title for ‘LSF2’). It is expected that the Fund Manager will bring both significant experience and knowledge of the venture capital funding market with specific expertise in life science investment in unlisted companies, and also an understanding of public sector sourced funding requirements. The Fund Manager will lead on the investment of the fund and how it will be managed to provide a long term sustainable model. The Fund manager will also be expected to raise further funding from the private sector for each investment it makes. The value of the Fund to be managed is likely to be between 20 000 000 GBP – 25 000 000 GBP. There is no maximum fund size and it is open to other participants.

Region(s) of supply
NORTH WEST (ENGLAND)
Estimated value
£10,000,000.00
Keywords
Fund, SME, Capital Venture, Investment, Business, Life Science

Key dates

Estimated contract dates

Start date
08/03/2022
End date
07/03/2037

Contact details

Buyer
Greater Manchester Combined Authority
Contact
Rachel Taylor
Telephone
07725479086
Address
GMCA Offices
Manchester
Greater Manchester
M1 6EU

Expression of interest window

From 15/12/2021 12:00 to 31/01/2022 10:00