Greater Manchester Combined Authority · Awarded contract

Awarded

Provision of Fund Investment Adviser, Operator and Administrator Services for Evergreen, Evergreen 2 and Low Carbon Funds

Awarded 02 Jun 2024

View live tenders

Awarded02 Jun 2024

Value£752,000.00

SupplierCBRE Limited

AgencyGreater Manchester Combined Authority

RegionUnited Kingdom

CategoryFinance & Insurance

Expires in 1y 7mo4y term, 61% elapsed

Awarded 2 June 2024Expires 1 June 2028

About

Greater Manchester Combined Authority awarded a contract to CBRE Limited for the provision of fund investment adviser, operator and administrator services for the Evergreen, Evergreen 2 and Low Carbon sub-funds.

The contract was divided into two lots: Lot 1 covered services for the Evergreen and Evergreen 2 sub-funds, and Lot 2 covered services for the Low Carbon sub-fund.

The scope of services may expand or contract over the term to reflect changes in funding, including increases of up to 100% of the value of the funds made available to the sub-funds from ERDF funds and/or other funding sources, and the reallocation of available funds between the Evergreen 2 and Low Carbon sub-funds based on performance and pipeline.

The currently available funds were £60m for Evergreen, £60m for Evergreen 2, and £30m for Low Carbon, with potential increases up to £120m for Evergreen and Evergreen 2, and £60m for Low Carbon.

The contract value is £752,000.

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