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Tender Details
- Country: United Kingdom
- Summary: Fund Management Services in Relation to the West Midlands Equity Co-Investment Fund
- GBT Ref No: 68222702
- Deadline: 21 Jul 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: JUN402921
- Purchaser's Detail :
- Description :
- The West Midlands Combined Authority (“WMCA”) and the West Midlands Pension Fund (“WMPF”) will be establishing a co-investment fund (“the West Midlands Equity Co-Investment Fund” or “the Fund”), making equity investments into the region-s high growth potential SMEs. Both parties aim to have the fund established and ready to launch by no later than 3rd October 2022.
Title: FUND MANAGEMENT SERVICES IN RELATION TO THE WEST MIDLANDS EQUITY CO-INVESTMENT FUND
OCID: ocds-h6vhtk-034a38
Published by: West Midlands Combined Authority
Authority ID: AA51973
Publication Date: 25/06/2022
Deadline Date: 21/07/2022
Deadline Time: 11:00
Notice Type: Contract Notice
Has Documents: No
Has ESPD: No
Abstract: The West Midlands Equity Co-Investment Fund (“the Fund” or “WMCO”) is a £25m co-investment fund to facilitate the provision of equity finance to up to 45, revenue generating businesses with potential for high growth across the Region.Targeting a minimum 2x return, the Fund will take a sector agnostic approach to its investment, aligned to WMCA regional strategy. WMCA strategic areas include:• New manufacturing economy - advanced manufacturing;• Creative and digital (including technology);• Low carbon and environmental technologies; • Medical and life sciences;• Logistics and transport technologies; and• Construction (building technologies)Operating over a ten-year life cycle, the Fund will operate as a co-investment fund, investing ... - Documents :
Purchaser : WEST MIDLANDS COMBINED AUTHORITY
West Midlands Combined Authority
16 Summer Lane
Birmingham
B19 3SD
UK
Contact person : Aanisah Begg
Telephone : +44 3453036760
E-mail : Josie.Medforth@place-group.com
NUTS : UKG3
Internet address(es)
Main address : https : //www.wmca.org.uk/
Email :Josie.Medforth@place-group.com
URL :https://www.wmca.org.uk/
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