LGPS Central Global Active Investment Grade Credit Sub-Fund – Manager Procurement

Concepts

• pension investment
• wolverhampton
• global investment grade credit managers
• global investment grade credit
• global active investment grade credit
• successful managers
• lgps central global active investment grade credit sub-fund
• a global active investment grade credit strategy
• active managers
• central global active investment grade credit sub-fund – manager procurement

Location

Wolverhampton

Description

LGPS Central is looking for Global Investment Grade Credit managers that already have a minimum £5bn of external client money invested in Global Investment Grade Credit as of 30th September 2024 with a five-year track record (to the same date) in managing a Global Active Investment Grade Credit strategy. LGPSC is looking for active managers who utilise a fundamental rather than quantitative approach, evidence of strong performance, and the capability to build a robust and high-quality credit portfolio.This procurement will be split into three stages:Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2)

Total Quantity or Scope

Stage 1

CPV Codes

• 66131100 - Pension investment services

Indicators

• Bids should cover the whole contract.
• Renewals are not available.
• Award on basis of price and quality.

Other Information

This will be a rolling contract with no fixed end date or minimum duration, however LGPS reserves the right to terminate the contract giving any applicable notice period agreed upon in any pursuant contract. This contract term has been described as 48 months only in the interest of calculating a value.