Charitable Funds Investment Management

Award

Value

£150,000

Classifications

  • Banking and investment services

Tags

  • award

Submission Deadline

7 months ago

Published

4 months ago

Description

The Royal Papworth Charity were looking to acquire services to effectively manage and invest funds on behalf of the charity in an ethical manner. We were looking for a supplier to responsibly steward and grow funds in order to maximise positive impact on the organisations mission.

Documents

Premium

Bypass the hassle of outdated portals. Get all the information you need right here, right now.

  • Contract Agreement

    The official contract terms, conditions, and scopes of work.

    Download
  • Award Notice

    Details on the tender award and selected suppliers.

    Download

Similar Contracts

Open

Understanding Health Funding Markets - Designing investible nature-based solutions for health

*Please note extension of deadline for submission to Friday 15th November. A full Request for Tender document is attached to this notice* BACKGROUND Natural England and the National Trust recognise the positive impact that nature can have on our physical and mental health. This work is being commissioned as part of a new partnership programme with the National Lottery Heritage Fund, which aims to inspire, incentivise and support towns and cities to put nature at the heart of their places, for the benefit of people and planet. SCOPE OF THE WORK There is a wealth of evidence to demonstrate the positive link between nature and human health (both physical and mental). Many reports highlight the significant health benefits that nature provides, but there remain very few examples of health markets, funders or investors generating funding for nature-based solutions. Natural England and the National Trust require the services of a contractor to undertake research to grow our understanding of health markets and health investment/funding models and to better understand how and where nature-based solutions that deliver multiple benefits to people could attract investment/funding generated from these markets. We particularly want to understand who fund and/or invests in health outcomes, why they invest, and the level of risk appetite associated, and the financial mechanisms and models that facilitate this investment. We want to understand how nature-based solutions could enter these markets as well as where there are opportunities to develop new nature-based investment and funding models focusing on health outcomes. In summary this work will involve; Phase 1 - understanding health markets  Phase 2 - roundtable exploration of opportunities  Phase 3 - developing investible packages  EXPERTISE OF CONTRACTOR The Working Group is looking to work with experts or a consortium of experts with a track record of the following:   1. Knowledge of health markets, economic models and investment vehicles 2. Working across sectors/stakeholders to deliver cross-cutting outputs  3. Facilitating and delivering workshops with a range of stakeholders 4. Desirable: experience of developing investment-ready proposals  INFORMATION TO BE RETURNED As a minimum, submissions should cover the criteria laid out in the Methodology, Personnel, Quality Assurance, Management of sustainable and social value, and Mandatory Requirements. These are set out in full in the complete attached RFT. Submissions may also include any other information deemed relevant. Submissions should not exceed 10 pages in length. Please submit by email to [email protected] Deadline for submission is Friday 15/11/24, 12pm.

Open

Procurement of Fund Management Services for University Commercialisation and Spinout Fund

The North East Fund seeks to appoint a professional, FCA authorised fund management organisation to deliver a University commercialisation and spinout fund in the North East of England. The fund will invest in companies which have emerged from, or are commercialising intellectual property in conjunction with, one or more of: Durham University; Newcastle University; Northumbria University; The University of Sunderland and Teesside University (the "NE Universities"). In doing so, the Fund will drive innovation and R&D investment in the North East, including through translational research, high quality SME innovation support and the development of nationally significant assets through the promotion of the commercialisation of research and spinout creation from these research intensive institutions. The Fund has the working title of the "University Commercialisation and Spinout Fund"; its final name will be agreed with the appointed fund manager. The North East's Universities and the North East Combined Authority share an objective to drive innovation and R&D investment in the North East, including through translational research, high quality SME innovation support and the development of nationally significant assets through the promotion of the commercialisation of research and spinout creation from research intensive institutions. The Fund will support these objectives by providing risk tolerant and patient investments to relatively high-risk, potential high-growth early-stage ventures which are commercialising research and innovation activity in collaboration with one or more of the NE Universities. The appointed Fund Manager will be required to work closely and collaboratively with the NE Universities to help identify, catalyse and maximise spinout and other commercialisation activity and thereby generate deal-flow for the Fund. Significant progress has been made on commercialising research and innovation activity at the NE Universities, with collaborative programmes such as the Northern Accelerator helping to achieve over 50 spinouts in recent years. The NE Universities have developed commercialisation systems and deal terms in response to the recommendations of the Independent Spin Out Review and which are aligned with the University Spin-Out Investment Terms guide. The NE Universities have a sizable pipeline of spinout and other commercialisation opportunities which the appointed Fund Manager will gain access to, and will work collaboratively with the NE Universities to help identify those which are best suited to the Fund and have the greatest potential to achieve significant scale

Open

Procurement of Fund Management Services for North East Mezzanine and Loan Fund

The North East Fund seeks to appoint a professional, FCA authorised fund management organisation to deliver an SME investment fund which will make predominantly debt-based investments in revenue-generating SMEs based in the North East of England. The fund will address the persistent market gap in the provision of relatively small amounts of growth finance for SMEs in the North East of England, including unsecured loans and mezzanine / quasi-equity investment. In so doing, it will help to unlock regional growth, build confidence in the SME business base and ensure the region is a great place to start-up and scale-up a business. The Fund has the working title of "Later Stage / Mezzanine Fund" but its final name will be agreed with the appointed fund manager. TNEFL expects to make an initial commitment of investment capital to the Fund of £35m, which will be invested over an Initial Investment Period of c.5 years - equating to an average annual investment by the Fund of £7m during its first five years of operation. This quantum of investment, and the Fund's investment policy is consistent with and will address the funding gaps identified by a market evaluation exercise which was undertaken during the first half of 2024. In a significant development compared to previous regional investment funds, the profile of this Fund has been developed with a view to facilitating a more 'patient capital' approach to investment - by making provision for the initial 5 year investment period to be followed by further periods of new (and follow-on) investments which can potentially extend to a further 10 years. This period of up to 15 years in which the Fund can make both new and portfolio investments will be followed by a Realisation Period of up to 10 years, giving a potential contract duration of 25 years in total. This will enable the manager to provide support over a longer period than previous funds, which should be beneficial for the Fund's investee companies and should also help to maximise the financial returns to the Fund, particularly in relation to mezzanine or quasi-equity investments as it will allow for a longer holding period of share options or warrants, which should give a greater prospect of achieving additional upside liquidity from those instruments. Although the fund is required to be deployed predominantly via amortizing debt instruments (which must comprise 80% of the Fund's investment by value), it also has the scope to take equity positions where appropriate in companies with high growth potential and thereby to target a good number of potential high-cash-multiple / equity returns. The Fund is also required to complete a number of smaller loans, of an average value of £70k. This will enable the Fund to help those SMEs which are seeking to achieve more modest organic growth and are not suited to equity investment but which require a loan (perhaps with a short capital repayment holiday) to help them take-on new contracts and bridge the gap between delivering them and receiving payment from new customers. The Fund's returns, and potentially other sources of capital which may be available to TNEFL (for example, from the regional legacy funds overseen by NEA2F) will be used to facilitate the extension of the Fund's investment activity after the initial investment capital commitment of £35m is fully invested.

AI Bid Assistant

Our AI-powered tool to help you create winning bids is coming soon!

View Contract Source Save Contract

Timeline complete

Publish
Bid
Evaluate
Award
Complete