North East Fund: Advisory Panel Members £18-22k
Closing date 4th January. For full details, please follow the applicant pack link below.
The North East Fund will manage a suite of venture capital and loan funds (‘VCLFs’) to support small and medium sized enterprises in the North East Local Economic Partnership Area in the 2017-2013 period.
Around £120m of capital will be allocated to five individual funds to be managed by experienced fund managers. The new Fund will build on the highly successful North East ‘JEREMIE’ programme that has invested £160m in the Region over the past seven years.
Four Advisory Panel members (one to function as chair) are sought to provide advice to the executives of the Fund of Funds in areas such as upholding the interests of investors and stakeholders; investment policy and strategic assets allocation; reviews of fund manager performance and conflicts of interest; ensuring best practice in monitoring, reporting and valuation.
Advisory Panel members will have strong track records within the venture capital, private equity of fund management industries and are expected to have operated at senior executive and/or non-executive director level. Individuals with proven entrepreneurial experience or business banking backgrounds will also be considered. a previous involvement with the investment of public funds would be helpful.
Appointments will commence at and are subject to the successful completion of the Fund, anticipated by end Q1 2017. The Fund is committed to achieving diversity in terms of gender, ability and ethnicity.