IPE-Quest.com is searching for a venture capital manager to handle a $10 million to $50 million private equity biotech portfolio for a large continental European pension fund.
An RFP was posted Friday on the firm’s website for what is believed to be the first venture capital search to be conducted on the Internet, said Tony Hay, sales director at IPE-Quest.com. The RFP will remain on the website until Nov. 1, after which manager replies should be sent to the pension fund, which will remain unidentified until fund officials wish to reveal its identity to potential managers.
