Summary of Procurement

FSD Africa invites calls for applications for an experienced fund manager who will be responsible for the day-to-day management and administration of the proposed SME Fund in Rwanda, which the Rwanda Social Security Board will anchor at first close and which FSD Africa will sponsor. In collaboration with both sponsors, the fund manager will co-design and set up the fund, including fundraising, establishing the investment process, appropriate legal and governance structures to operationalise the fund effectively and implementing the strategy.

Invitation to Tender

FSD Africa is inviting proposals from suitably qualified fund managers to establish and manage the proposed SME Fund. In addition to the specific requirements indicated in the above phases, the proposal should contain the following:

• A description of your firm’s history, ownership and organisational structure. Include the details of relevant regulatory licences to perform fund management functions in your jurisdiction(s) of operation.
• A confirmation that you are licensed to offer the required services in Rwanda or have a credible path to obtaining such regulatory approval. 
• A summary of your firm’s experience setting up and managing a venture capital, private equity or SME fund. Indicate the personnel involved in the set-up/ management of the funds, their role and the fund’s performance. 
• Any past/ongoing material litigation, regulatory, legal proceedings or sanctions in which your firm or its principals have been involved in the last five years.

Bidders are advised to review the clarifications document for responses to queries raised during the bidding process. Click here to download.