Australian Business Securitisation Fund Investment Management Services

Tender ID: 393906

Tender Details

Tender #:
ABSF-08-12  
Status:
Closed
Publish Date:
13 August 2019
Closing Date:
06 September 2019

Tender Description

The Australian Office of Financial Management (AOFM) invites interested entities to submit Tenders for the provision of Investment Management Services for the Australian Business Securitisation Fund (ABSF).

The ABSF is a $2 billion fund created by the Government to support the provision of finance to small to medium enterprises (SMEs) on more competitive terms. The government’s objectives are to be achieved by making targeted investments in the SME securitisation market, including via Warehouse Facilities.

The AOFM has been delegated responsibility for administering the ABSF on behalf of the Commonwealth by the Responsible Minister.

The AOFM is seeking to appoint an investment manager to assist with the evaluation of investment proposals received by the AOFM, and provide ongoing portfolio management services to assist the AOFM in its administration of ABSF investments.

The appointed investment manager should have extensive experience managing structured credit investments (including via Warehouse Facilities) directly for institutional clients, or in a managed fund context.

The AOFM is conducting an open approach to the market to seek Tenders from entities with the experience, capacity and capability to delivery the Service requirements specified in this RFT.

Conditions for Participation:

The AOFM will exclude a Tender from further consideration if the Tenderer does not meet the following conditions for participation:

* the Tenderer exists as a legal entity at the Closing Time (see paragraph 8.2.1) and throughout the RFT process;

* the Tenderer either:

(i) holds a Valid and Satisfactory Statement of Tax Record by the Closing Time; or

(ii) has a receipt demonstrating that a Statement of Tax Record has been requested from the Australian Taxation Office by the Closing Time, and holds a Valid and Satisfactory Statement of Tax Record no later than 4 business days after the Closing Time; and

* the Tenderer holds a Valid and Satisfactory Statement of Tax Record for any Subcontractor that it proposes, as part of its response, to engage to deliver goods or services with an estimated value of over $4 million (GST inclusive).