Background:
Outrigger Impact Fund I (“Outrigger”) is an impact led fund seeking to enable the blue economy and leverage ocean resources to build climate and community resilience and drive nature-positive outcomes in the most vulnerable island and coastal states.
The fund will look to invest into approximately 22 islands out of the 38 defined in the UN SIDS list with a target allocation split across the three regions of the Caribbean, Atlantic & Indian Ocean, and Pacific.
Outrigger Impact Fund I is set up as a standard SCA-RAIF structure domiciled in Luxembourg. Outrigger will be a blended finance vehicle with three tranches: senior debt, senior equity, and junior equity. The fund will look to raise up to $150 million and invest in ticket size from $2 million to $15 million; thus, looking to execute between 15 and 20 total transactions. The fund period will be 10 years with a 5 year investment window and 5 year hold window (+1, +1).
Potential investors include development finance institutions, governments, private institutions and family foundations.
Request for Proposal (RFP)
Outrigger wishes to engage an audit service professional to draft the relevant documentation as further described in Annex A (the Scope of Work). Interested service providers are requested to submit a proposal in response to this RFP based upon the Scope of Work (Annex A), including, at the least, the following:
- Overview of the firm
- A list of similar audit engagements (especially for funds of similar size and complexity)
- The proposed typical deal team and qualifications;
- A detailed breakdown of the audit fee structure, including any hourly rates, fixed fees, and an estimate of total fees. Any potential additional costs (e.g., for special services) should also be identified.
The selected Auditor is expected to maintain a frequent dialogue with Outrigger, and the scope of work does not require travel.
Submission Instructions:
All proposals must be submitted by 06/12/24 to the contact person listed above. Proposals may be submitted electronically via email to jeremy.milward@outriggerimpact.com and simon.dent@outriggerimpact.com, copying programme@icfa.lu. Late submissions will not be considered.
