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AwardedFind a Tender · award

Asset Servicing for Private Markets

Buyer: LGPS CENTRAL LIMITED →

BuyerLGPS CENTRAL LIMITED
StatusAwarded
DeadlineNot published
ValueValue not published
Published19 Jun 2026

What is being bought

Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds. Please note: The standstill period detailed in the previous Contract Award Notice does not apply to this contract award and was included only to resolve the technical issue identified below. The Contracting Authority is relying on the direct award ground set out in paragraph 13 of Schedule 5 to the Procurement Act 2023 (urgency) (as more fully explained in the associated Transparency Notice published on 18 June 2026) in respect of this contract award. In accordance with s.51(3)(a) of the Act, the Contracting Authority is not required observe a standstill period. Notwithstanding that a standstill period was included in the earlier Contract Award Notice, it does not apply and is not a voluntary standstill period for the purposes of s.51(4) of the Act. The Contracting Authority has been advised there is a technical error within Find a Tender and currently Contract Award Notices can only be published if a standstill period is stated, which in this scenario as explained above, is not a mandatory requirement. Therefore the standstill period detailed in the related Contract Award Notice should be disregarded and does not apply as the Contracting Authority is not entering into a standstill period.

Lot details

Lot 1

No lot description published.

Statuscomplete

Comparable-procurement analytics

No usable CPV category has been published, so a comparable market set cannot yet be built.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleDue to the nature and pace of recent LGPS pension pooling reform, approval of the Partner Funds joining LGPS Central Limited was only officially made on 1st April 2026 and therefore the requirement for continuation of essential services from AssetMetrix, in respect of three of the Partner Funds joining from another pool, was unforeseen. The admission date of 1st of April 2026 date for the new Partner Funds has not allowed sufficient time for a competitive procurement process to be undertaken and for the on-boarding of data ahead of the commencement of the complex and essential services in question (being transaction processing, cash settlement, investment look through reporting, and maintenance of investment book of records for the three Partner Funds joining from another pool). The scope of these services is strictly necessary and essential to meet our obligations as an asset pooling company. The contract period has been selected to enable us to ensure the essential services can continue for a minimum of 12 months and then align with the re-procurement of a much wider package of services which is expected to include the services detailed in this transparency notice. It is envisaged this re-procurement will commence in quarter 3 2027. On the basis of the above, these services are deemed as strictly necessary, and for the reasons of extreme and unavoidable urgency, a direct award is justified.
Rationale classificationsurgency
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

1

Statusactive
Value£1,150,200

Documents & submission route

  • Not published

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-06b802
Latest release ID058151-2026
Latest release timestampFri Jun 19 2026 13:39:35 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methoddirect
Procurement method detailsDirect award
Main procurement categoryNot published
Above thresholdNot published
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source0
Tender documents in source1
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
19 Jun 2026award, contract058151-2026
19 Jun 2026award, contract058080-2026
18 Jun 2026award, contract057537-2026

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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Complete JSON history (3 releases)
19 Jun 2026 · 058151-2026 · award, contract
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19 Jun 2026 · 058080-2026 · award, contract
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      "name": "AssetMetrix GmbH",
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18 Jun 2026 · 057537-2026 · award, contract
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          ],
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            {
              "id": "66150000",
              "scheme": "CPV",
              "description": "Financial markets administration services"
            }
          ]
        }
      ],
      "value": {
        "currency": "GBP",
        "amountGross": 1150200
      },
      "status": "pending",
      "renewal": {
        "description": "Following the initial 12 month contract period, extensions each of a six month duration are available, with the final extension not to exceed more than a 27 month maximum contract duration."
      },
      "documents": [
        {
          "id": "057537-2026",
          "url": "https://www.find-tender.service.gov.uk/Notice/057537-2026",
          "format": "text/html",
          "noticeType": "UK5",
          "description": "Transparency notice on Find a Tender",
          "documentType": "awardNotice",
          "datePublished": "2026-06-18T12:41:12+01:00"
        }
      ],
      "suppliers": [
        {
          "id": "GB-PPON-PMMH-6385-VJPX",
          "name": "AssetMetrix GmbH"
        }
      ],
      "hasRenewal": true,
      "milestones": [
        {
          "id": "1",
          "type": "futureSignatureDate",
          "status": "scheduled",
          "dueDate": "2026-06-18T23:59:59+01:00"
        }
      ],
      "relatedLots": [
        "1"
      ],
      "aboveThreshold": true,
      "contractPeriod": {
        "endDate": "2027-06-30T23:59:59+01:00",
        "startDate": "2026-07-01T00:00:00+01:00",
        "maxExtentDate": "2028-09-30T23:59:59+01:00"
      },
      "mainProcurementCategory": "services"
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-06b802",
    "lots": [
      {
        "id": "1",
        "status": "complete",
        "description": null
      }
    ],
    "title": "Asset Servicing for Private Markets",
    "status": "complete",
    "documents": [
      {
        "id": "conflictOfInterest",
        "description": "Not published",
        "documentType": "conflictOfInterest"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds.",
    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "procurementMethodRationale": "Due to the nature and pace of recent LGPS pension pooling reform, approval of the Partner Funds joining LGPS Central Limited was only officially made on 1st April 2026 and therefore the requirement for continuation of essential services from AssetMetrix, in respect of three of the Partner Funds joining from another pool, was unforeseen. \nThe admission date of 1st of April 2026 date for the new Partner Funds has not allowed sufficient time for a competitive procurement process to be undertaken and for the on-boarding of data ahead of the commencement of the complex and essential services in question (being transaction processing, cash settlement, investment look through reporting, and maintenance of investment book of records for the three Partner Funds joining from another pool).  The scope of these services is strictly necessary and essential to meet our obligations as an asset pooling company.\nThe contract period has been selected to enable us to ensure the essential services can continue for a minimum of 12 months and then align with the re-procurement of a much wider package of services which is expected to include the services detailed in this transparency notice. It is envisaged this re-procurement will commence in quarter 3 2027. \nOn the basis of the above, these services are deemed as strictly necessary, and for the reasons of extreme and unavoidable urgency, a direct award is justified.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "urgency"
      }
    ]
  },
  "buyerID": [],
  "parties": [
    {
      "id": "GB-COH-10425159",
      "name": "LGPS CENTRAL LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKG39",
        "country": "GB",
        "locality": "Wolverhampton",
        "postalCode": "WV1 1LD",
        "countryName": "United Kingdom",
        "streetAddress": "1st Floor I9"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - sub-central government"
          }
        ]
      },
      "identifier": {
        "id": "10425159",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "procurement@lgpscentral.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PVZL-3598-XMXZ",
          "scheme": "GB-PPON"
        }
      ]
    },
    {
      "id": "GB-PPON-PMMH-6385-VJPX",
      "name": "AssetMetrix GmbH",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "DE",
        "country": "DE",
        "locality": "Munich",
        "postalCode": "80339",
        "countryName": "Germany",
        "streetAddress": "Theresienhoehe 13"
      },
      "details": {
        "vcse": false,
        "scale": "sme"
      },
      "identifier": {
        "id": "PMMH-6385-VJPX",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "email": "christoph.lohrer@asset-metrix.com"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}