UK's HM Treasury (HMT) is seeking proposals from prospective fund managers to establish a fund or funds that would invest in businesses or projects operating in and around the UK ultrafast broadband sector.

Managers must employ key individuals that have a proven track record that demonstrates their suitability to manage a fund in this sector. They will be responsible for sourcing the private sector.

HMT will consider a variety of structures and investment mandates as proposed by applicants. In terms of structure, this could include government becoming a cornerstone investor in a new fund focused exclusively on the sector, or structures that involve government investing in a “side-car” to a fund with a broader investment mandate.  This could also include more than one fund, each focusing on different parts of the capital structure.

While the precise timetable is yet to be determined by HMT, the target is to select a Manager by Autumn 2016 and for funds to be closed and in a position to begin investing by the end of the current fiscal year (March 2017). 

Interested parties must submit their proposals on or before 29 July.

See tender announcement:

http://infrapppworld.com/consultant/rfp-for-manager-of-broadband-investment-fund