The following are the indicative steps for the investment process
to be followed by the Fund
Bids to be invited through the RFP for investments into Portfolio Entities
Evaluation of Bids
Commercial negotiation and execution of definitive documents
Detailed Due Diligence (DD) is carried out
Shortlists are declared
UKIDCF will seek feedback from the market through an Early Market Engagement (“EME”) process. This will be followed by the Request For Proposal (RFP) process where the RFP will be uploaded on the website, newspaper advertisements, etc. to invite bids from potential fund managers. The bids will be evaluated to shortlist the successful bidder(s). A detailed due diligence exercise will then be carried out on the shortlisted bidder(s). Subject to due diligence clearance, a commercial negotiation will be carried out with the selected bidder to decide the terms of investment in the Portfolio Entity post which the relevant fund documentation will be executed with the Portfolio Entity.