Wales Pension Partnership Private Markets Investments - Private Equity

Concepts

• pension investment
• carmarthen
• class closed end investment funds
• direct investments
• detailed investment objectives
• investments
• private equity
• national local government pension
• private markets
• private markets allocator

Location

Carmarthen

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.

Total Quantity or Scope

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.

Award Detail

Award Criteria

CPV Codes

• 66131100 - Pension investment services

Indicators

• Award on basis of price.

Other Information

Please refer to the eTender opportunity on eTenderwales for further information. (WA Ref:143787)