Expression of Interest For Fund Of Funds Manager-Dice Funds Consulting Services - Firms Investment In Digita ... in Nigeria

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Expression of Interest for Fund of Funds Manager-DICE Funds Consulting Services - Firms Investment in Digital and Creative Enterprises (IDICE) Programme Technology and Creative Sector. Date Added: January 2, 2025 Deadline: 30/01/2025 Category: Consultancy The Fund Manager(s)s assignment will include but not be limited to: 1. Design and set-up of the Fund including legal, operational, financial, exit and reporting structure. 2. Due diligence on every Fund to be invested in, including potential capacity of the Fund to raise matching capital and build an investment pipeline. 3. Establishment of the investment strategy (including prospective nationwide geographic coverage) for the Fund through deal pipeline. 4. Deal sourcing and identification of an eligible and realistic pipeline through effective Environment and Social Due Diligence (ESDD). 5. Deployment of robust due diligence procedures. 6. Deal structuring and negotiations. 7. Preparation of the Funds financial, governance, operational policies, performance management strategy, communication plan as well as other relevant documentation for Funds operation. 8. Fund raising (including the preparation of private placement memorandum, pitch books and other marketing materials). 9. Investor management activities including the management of committed capital. 10. Defining and implementation of a value addition strategy for portfolio investments. 11. Investment compliance monitoring. 12. Development and implementation of a technical assistance framework to compliment the equity fund. 13. Implementation of Funds Environmental and Social Management System. 14. Exit implementation. 15. Reporting and other administrative services. Minimum Qualifications/Basic Requirements a) Must have at least five (5) years of cognate and documented track record as a Fund Manager of venture capital / private equity funds or comparable institutional investment experience in Nigeria. b) Must have evidence of related investments in its portfolio in the last 5 years. c) Verifiable pipeline of potential investee companies across Nigeria. d) Demonstrate value-addition capabilities concerning portfolio investments. e) Must demonstrate a track record of: i. Equity/quasi-equity Venture Capital (VC) fund structuring and setup in the last 5 years ii. Capital raise and equity fund management in the last 5 years. iii. Proof of existing network with VC traditional investors. iv. Managing large VC Funds including financial return and development impact achieved in the last 5 years. f) Experience in the Nigeria / Sub-Saharan VC, including partnerships with start-ups, active Enterprise Support Organizations. g) Evidence of a strong operational Funds Management team with an understanding of the Nigerian investment segment, including experienced investment staff and robust middle- and back-offices. h) Must be willing to invest at least 2% of Total Capitalization towards the Total Capital Pool required for investment in the assigned Fund. i) Must possess existing relationships and network with relevant local and international industry players (Technology and Creative sector). j) An understanding of the ecosystem (Technology and Creative) elements that must be in place to support the growth of equity investments in Nigeria will be an added advantage. k) Must possess a clear geographic understanding of the various states and the funding landscape in those states. l) Must demonstrate capacity and resources to implement an ESMS. m) Ability to effectively profile the opportunity sphere across all 36 states and the Federal Capital Territory (FCT). Tender Link : https://etenders.com.ng/bank-of-industry-expression-of-interest-fund-of-funds-manger-for-the-investment-in-digital-and-creative-enterprises-idice-programme/

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