ACCESS Private Equity Allocators
A Tender Notice
by HAMPSHIRE COUNTY COUNCIL
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 30 year
- Value
- 2B
- Sector
- BUSINESS
- Published
- 22 Apr 2024
- Delivery
- To 24 May 2054 (est.)
- Deadline
- 24 May 2024 14:00
Concepts
Location
WINCHESTER
12 buyers
- Hampshire County Council Winchester
- Hartfordshire County Council Hartford
- Isle of Wight Council Isle of Wight
- Kent County Council Maidstone
- Norfolk County Council Norwich
- Suffolk County Council Ipswitch
- West Northamptonshire Council Northampton
- West Sussex County Council Chichester
- East Sussex County Council Lewes
- Cambridgeshire County Council Cambridge
- Essex County Council Chelmsford
Description
The Authority is seeking to appoint up to two Private Equity Allocators to manage and grow the Private Equity Mandates of the ACCESS Pool members.
Total Quantity or Scope
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. Full details of the requirement can be found in the Specification at Annex 1 of the ITT documentation by registering within Hampshire's instance of the In-Tend e-procurement platform at the following URL: https://in-tendhost.co.uk/hampshire/aspx/Home
Renewal Options
The Private Equity Allocator Contracts will be for a term of 30 years but subject to a 5 yearly review cycle.
CPV Codes
- 66131100 - Pension investment services
Indicators
- Bids should cover the whole contract.
- Options are available.
- Renewals are not available.
- Award on basis of price and quality.
Other Information
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: https://www.accesspool.org/.
Reference
- FTS 012912-2024