Implementation of InvestPacific

Details

Tender Closed
RFx ID :	26202318
Tender Name :	Implementation of InvestPacific
Reference # :	WPG-0103201
Open Date :	Friday, 19 August 2022 10:00 AM (Pacific/Auckland UTC+12:00)
Close Date  :	Thursday, 6 October 2022 1:00 PM (Pacific/Auckland UTC+13:00)
Department/Business Unit :	Crown Funding
Tender Type :	Request for Proposals (RFP)
Tender Coverage :	Sole Agency  [?]
Categories :	84000000 - Financial and Insurance Services 93121600 - International relations and cooperation 93151600 - Public finance
Regions:	International
Exemption Reason :	None
Required Pre-qualifications :	None
Contact :	Emma Murdoch invest.pacific@mfat.govt.nz
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :

In December 2021, Minister of Foreign Affairs, Nanaia Mahuta and Minister of State for Trade and Export Growth, Phil Twyford announced the establishment of InvestPacific. The Ministry of Foreign Affairs and Trade (MFAT) now invites suppliers to provide a proposal for an investment manager to establish and manage the InvestPacific initiative.

The Activity is an Aotearoa, New Zealand-based impact investment fund and Technical Assistance (TA) Facility for the Pacific. InvestPacific seeks to strengthen Pacific resilience through mid-size investments that generate inclusive employment and sustainable development. The fund will focus on post-COVID recovery and long-term resilience challenges such as climate change, social inequality and economic diversification and inclusion.

In addition to investment, InvestPacific aims to leverage Aotearoa, New Zealand-based technical expertise, relationship networks and cultural advice to maximise benefits for Pacific Island countries. Close coordination between Pacific Island and Aotearoa, New Zealand-based stakeholders, particularly Māori and Pasifika communities, will be key to ensuring an indigenous focus and indigenous-led investments.

We envisages that the successful respondent will be responsible for both of the phases of the Activity below:
• Establishment Phase (duration envisaged to be approximately 9 months), including capital raise (minimum NZ$30 million capital raise), initial pipeline validation and establishment of the fund and Technical Assistance (TA) facility (with recruitment of technical advisers being managed by the Manager.).
• Launch / Operation Phase (duration envisaged to be for the balance of the anticipated Activity period). Subject to successful completion of Establishment Phase and MFAT stop/go decision, this phase includes operational launch and management of the fund and TA facility.

RFP Timeline:
RFP released: 19/08/22
Date of Supplier Briefing session: 06/09/22
Deadline for Questions: 1.00pm 16/09/22
Deadline for Proposals: 1.00pm 06/10/22

Further information on the implementation of InvestPacific is provided in the attachments but if you have any concerns, please get in touch with us via the GETS question box.

This tender has been awarded. Total spend value $ 6,000,000.

• Camco Management Limited - 4 Herringson Avenue Grey Lynn, Auckland, 1021, NEW ZEALAND

Further Award Information:
The Ministry of Foreign Affairs and Trade is pleased to confirm the contract for the Implementation of InvestPacific has been awarded to Camco Management Limited.

Award Date: Friday, 9 June 2023 (Pacific/Auckland UTC+12:00)
Date RFx was completed/updated: Thursday, 15 June 2023 11:46 AM (Pacific/Auckland UTC+12:00)