NYGB Eligible Purchaser Pool (
Open State & local contract opportunity Posted
- Solicitation number
- 2087592
- State
- New York
- Responses due
Opportunity facts
Updated .
About this opportunity
The New York Green Bank (NYGB) is seeking to establish an Eligible Purchaser Pool (EPP) through this Request for Proposals, targeting pre-approved investors capable of purchasing NYGB-originated loans and investments in clean energy projects. Qualified Proposers must meet stringent financial and operational criteria, including being an institutional Accredited Investor with a minimum net worth of $250,000,000, a Qualified Institutional Buyer, or regulated by federal or state financial agencies such as the SEC, OCC, or New York State Department of Financial Services. Proposers must demonstrate a successful operating history without financial distress and possess substantial experience in making loans or investments specifically in clean energy projects, with proven portfolio management capabilities including processing amendments and waivers. The solicitation covers all New York State counties and is open-ended, with firms remaining in the EPP until NYGB closes the pool, terminates membership, or a firm chooses to remove itself. The proposal deadline is June 11, 2035, at 3:00 PM, with potential changes to the solicitation to be posted on NYSERDA's website.
This procurement opportunity does not include any specific set-aside designations for disadvantaged or service-disabled veteran-owned businesses. The contract term is essentially indefinite, with firms joining the EPP at NYGB's discretion based on their ability to meet the strict qualification criteria. No incumbent vendors are listed, and no specific budget range or award value is provided in the solicitation. NYGB will evaluate proposers solely based on their financial position, operating performance, clean energy investment experience, and compliance with applicable laws and regulations. The selection process grants NYGB complete discretion in determining whether a proposer meets the Qualified Proposer requirements, with no guaranteed participation in the Eligible Purchaser Pool. Interested entities must carefully review and demonstrate their capabilities across financial strength, investment history, and expertise in clean energy project financing to be considered for inclusion in this unique investment opportunity.
Opportunity text
Description of Goods and Services:
Revision: August 12, 2022:
The criteria to be a Qualified Proposer have changed: In addition to being an Accredited Investor, a QIB, or an entity regulated by the various government agencies we list on the RFP, proposers can now qualify if they have the capital and operating experience necessary to participate in our bidding process.
The revised Qualified Proposer criteria are:
At a minimum, proposers must:
- either:
- be an institutional Accredited Investor per the definition provided by the Securities and Exchange Commission at the following website (https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor) with a net worth of at least $250,000,000; or
- meet the SEC's definition of a Qualified Institutional Buyer in NYGB's sole discretion; or
- be regulated under Federal or state law by the Securities and Exchange Commission (SEC), Office of the Comptroller of the Currency (OCC), New York State Department of Financial Services, or similar agency satisfactory to NYGB in its sole discretion; or
- the NYGB, in its sole discretion, is satisfied that the proposer has adequate capital and operating experience to participate as an Eligible Purchaser (each of (i), (ii), (iii), and (iv), as determined by NYGB in its sole discretion, a "Qualified Proposer"); and
- have an operating history of successfully managing its core business without financial distress, as determined by NYGB in its sole discretion; and
- have experience making loans to and/or investments in clean energy projects such as those loans and investments that are made by NYGB and have experience with portfolio management for such loans or investments, including processing amendments and waivers, as determined by NYGB in its sole discretion.
NYGB is seeking to create a pool (the "Eligible Purchaser Pool" or "EPP") of pre-approved investors ("Eligible Purchasers") that will be eligible to place bids to purchase NYGB-originated loans and investments that NYGB offers to sell from time to time. Through this RFP, NYGB seeks proposals from investors that meet the EPP Eligibility Criteria set forth below.
If changes are made to this solicitation notification will be posted on NYSERDA's website at: www.nyserda.ny.gov/funding-opportunities
Eligibility/Qualifications Requirements/Preferences:
Proposer eligibility under this solicitation will be determined by the proposer's financial position, operating performance, experience in lending to or investing in clean energy projects such as those loans and investments that are made by NYGB, and compliance with applicable laws and regulations. At a minimum, proposers must:
a) be
i. an institutional Accredited Investor per the definition provided by the Securities and Exchange Commission at the following website (https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor) with a net worth of at least $250,000,000; or
ii. a Qualified Institutional Buyer under Rule 144A of the Securities Act with a net worth of at least $250,000,000; or
iii. be regulated under Federal or state law by the Securities and Exchange Commission (SEC), Office of the Comptroller of the Currency (OCC), New York State Department of Financial Services, or similar agency satisfactory to NYGB in its sole discretion (each of (i), (ii), and (iii), a "Qualified Proposer"); and
b) have an operating history of successfully managing its core business without financial distress, as determined by NYGB in its sole discretion; and
c) have experience making loans to and/or investments in clean energy projects such as those loans and investments that are made by NYGB and have experience with portfolio management for such loans or investments, including processing amendments and waivers, as determined by NYGB in its sole discretion.
Service-Disabled Veteran-Owned Set Aside: No
Due date:06/11/2035 3:00 PM
6/10/2035
Contract term: N/A - firms that join the EPP will remain in the EPP until NYGB closes the EPP, terminates the firm's membership in the EPP, or the firm chooses to remove itself from the EPP.
County(ies): All NYS counties
Location: NY State
Business entities awarded an identical or substantially similar procurement contract within the past five years:
none
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