Contract for an Investment Fund Management Service for the County Council of Durham
Durham County Council · North East
Key facts
- Awarded
- 22 Mar 2017
- Contract starts
- 31 Mar 2017
- Contract ends
- 31 Mar 2020
- Procedure
- Open procedure
- Buyer type
- Local government
Awarded to 2 suppliers
| Supplier | Value |
|---|---|
| Maven Capital Partners UK LLP | — |
| Mavern Capital Partners | — |
Description
This contract is for the appointment a single Financial Conduct Authority (FCA) authorised fund management company with the ability to deliver the following services on behalf of the Authority:
1. Fund management activity undertaken in relation to the Finance Durham Fund for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).
2. Provision of access to finance (A2F) business support activity for Years 1 to 3 (with a possibility of annual extensions for up to a further two years).
3. Assistance and support to Durham County Council (DCC) in relation to setting up a new DCC owned FCA regulated fund management company (NEWCO). It is the intention of the Authority that NEWCO undertakes the fund management activity associated with the management of the Finance Durham Fund from year 3 onwards.
For further information relating to this opportunity please see the enclosed Tender Pack and the Memorandum of Information.
Categories (CPV)
- 66000000 Financial and insurance services
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