Official UK procurement notice
ACCESS Private Equity Allocators
Authority: Hampshire County Council (Local council)·Consortium: 12 public authorities
What is being bought
Published requirement descriptionThe Authority is seeking to appoint up to two Private Equity Allocators to manage and grow the Private Equity Mandates of the ACCESS Pool members.
Two allocators will be appointed unless only one supplier is capable of meeting the requirements set out in the ITT, in which case the Authority reserves the right to appoint only a single supplier.
This procurement is being undertaken by Hampshire County Council (the Authority) on behalf of the Administering Authorities who together comprise the ACCESS Pool. The ACCESS Pool is a collaboration of 11 like-minded Local Government Pension Scheme Authorities, investing the pensions of over one million members, delivering strong investment performance, achieving greater cost efficiency and benefiting from the best of local authority procurement. Further information regarding the ACCESS Pool can be found here: www.accesspool.org ↗.
CPV: Pension investment services
The lotProcurement structure
single lot · value publishedLot #1Hampshire County Council is running this procurement on behalf of ACCESS pool and is…AwardedPublished value£2,000,000,000
Hampshire County Council is running this procurement on behalf of ACCESS pool and is seeking to appoint up to two investment managers to undertake the role of Private Equity Allocator in relation to the ACCESS Pool's Private Equity Mandates.
The procurement will be carried out as a two stage Restricted procedure. At the conclusion of the procurement procedure, each named Authority who wishes to undertake this type of investment will enter into its own contract with the successful Supplier at their own discretion.
The duration of the contract(s) shall be thirty (30) years, subject to a five (5) yearly review cycle during this period.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Price
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Restricted procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 22 Apr 2024, 09:46 BST
- Last source update
- 6 Jan 2025, 11:18 GMT
- Authority reference
EX23875- FTS notice number
2025/S 000-000165- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0453e2Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
Publisher note: Please note that the contract values for Contracts A and B are notional based on a 50:50 split of the total value available. It is possible that one supplier will receive more work, and therefore earn more in fees, than the other.
How it was run
Official notice- Submission deadline
- 24 May 2024, 14:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 120 days from the deadline
Timeline
24 May 2024 → 6 Jan 2025 · 3 dates- Submission deadline24 May 2024, 14:00 BST
- Invitations to tender expected17 Jun 2024, 00:00 BST
- Notice published6 Jan 2025, 11:18 GMT
Notice history
2 events · 2 releases on Find a Tender · since 6 Jan 2025- Status changed to complete6 Jan 2025, 11:18 GMT
- Buyer details updated6 Jan 2025, 11:18 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Adams Street Partners LLCACCESS Private Equity Allocator - Contract A | £1,000,000,000 †very large published value · not counted until verified, check the notice | — | Awarded |
| HarbourVest Partners (U.K.) LimitedACCESS Private Equity Allocator - Contract B | £1,000,000,000 †very large published value · not counted until verified, check the notice | — | Awarded |
Contracts
ACCESS Private Equity Allocator - Contract A · Adams Street Partners LLC
- Signed
- 16 Dec 2024
- Value
- £1,000,000,000
- Status
- active
ACCESS Private Equity Allocator - Contract B · HarbourVest Partners (U.K.) Limited
- Signed
- 16 Dec 2024
- Value
- £1,000,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 8bids · 8 electronic | 0 | — | — |
Contracting authority & participating public bodies
11 public bodies on the noticeConsortium members and other public bodies
- Cambridgeshire County CouncilContracting authority
- East Sussex County CouncilContracting authority
- Essex County CouncilContracting authority
- Hartfordshire County CouncilContracting authority
- Isle of Wight CouncilContracting authority
- Kent County CouncilContracting authority
- Norfolk County CouncilContracting authority
- Suffolk County CouncilContracting authority
- West Northamptonshire CouncilContracting authority
- West Sussex County CouncilContracting authority
Dispute resolution & review bodies
- High Courts of England & WalesReview body
Bidders & participating suppliers
2 commercial parties on the notice- Adams Street Partners LLCAwarded supplier
- HarbourVest Partners (U.K.) LimitedAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria
- Economic and financial selection criteria
- Technical selection criteria