Official UK procurement notice
Wales Pension Partnership Private Markets Investments - Private Equity
Authority: Carmarthenshire County Council (Local council)
What is being bought
Published requirement description**THIS IS A CONTRACT AWARD NOTICE. THIS IS NOT A CONTRACT OPPORTUNITY**
Carmarthenshire County Council is the Host Authority for the Wales Pension Partnership (WPP). The WPP, established in 2017 is a collaboration of all eight LGPS funds in Wales and is one of eight national Local Government Pension pools. The eight LGPS funds in Wales are: Cardiff and Vale of Glamorgan, City and County of Swansea, Clwyd, Dyfed, Greater Gwent (Torfaen), Gwynedd, Powys and Rhondda Cynon Taf. The WPP has total assets worth approximately GBP 21.6bn (as at 31st March 2021), GBP 15.2bn of which have already been pooled.
The WPP is now developing a range of Private Market Sub-Funds which the Constituent Authorities (“CAs”) (Local Government Pension Funds) of Wales can use to obtain the private market exposure that they require to meet their locally decided strategic asset allocations. The WPP wants to establish Sub-Funds which are based on individual asset classes. This procurement is being undertaken to support WPP plans for establishing its Private Equity Sub-Fund(s).
For further details please refer to the documentation available on eTenderwales eTendering portal.
- Recurrence: Contract extensions up to an additional 60 months subject to satisfactory performance
CPV: Pension investment services
The lotProcurement structure
single lot · no lot value publishedLot #1Private Markets Allocator to establish a Private Equity investment programme over a…AwardedRenewal
Private Markets Allocator to establish a Private Equity investment programme over a series of vintages utilising best in class closed end investment funds, co-investments and / or direct investments.
Please refer to the eTender on eTenderwales and view the WPP Private Markets - Private equity allocator - Quantitative PQQ.xls Tab 1 for detailed investment objectives and constraints. This information can be accessed via the eTender opportunity on eTenderwales and will be located in the General Attachments Area and Technical Envelope. Additional information: Please refer to the eTender opportunity on eTenderwales for further information.
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).
Published award criteria (2)
- Quality: 20
- Price: 80
- Technical & professional ability
It is expected that the Allocator will be an FCA or equivalent authorised firm with appropriate investment expertise and track record.
- Staff
- Names and qualifications of delivery staff must be submitted
- Successive reduction
- Candidates will be reduced successively across stages
- Price carries 80 of 100 points: a 10% discount moves about 8 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- 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
- Yes · Contract extensions up to an additional 60 months subject to satisfactory performance
- First published
- 25 Mar 2022, 16:19 GMT
- Last source update
- 18 Sept 2024, 13:49 BST
- FTS notice number
2024/S 000-029843- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0326a3Find a Tender
- Performance terms
As detailed in the invitation to tender documentation.
Publisher note: (WA Ref:143787)
How it was run
Official noticeTender documents are also served through a separate tool: https://etenderwales.bravosolution.co.uk ↗
- Submission deadline
- 25 Apr 2022, 14:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 270 days from the deadline
Timeline
25 Apr 2022 → 18 Sept 2024 · 3 dates- Submission deadline25 Apr 2022, 14:00 BST
- Invitations to tender expected23 May 2022, 00:00 BST
- Notice published18 Sept 2024, 13:49 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete18 Sept 2024, 13:49 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| SCHRODERS PLC | £15,000,000 † | — | Awarded |
Contracts
Contract 029843-2024-1 · SCHRODERS PLC
- Signed
- 6 Dec 2022
- Value
- £15,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 10bids · 10 electronic · 10 from abroad | 10 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- SCHRODERS PLCAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria