|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 [?]|
|Exemption Reason :||None|
|Required Pre-qualifications :||None|
|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 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.