Award

Private Markets Fund Administrator and Portfolio Monitoring System - AWARD

LGPS CENTRAL LTD

This public procurement record has 1 release in its history.

Award

21 Mar 2023 at 16:25

Award Notice
Summary of the contracting process

The organisation LGPS Central Ltd has awarded a contract for the provision of Private Markets Fund Administrator and Portfolio Monitoring System. The procurement process was at the Award stage and the contract period is from February 4, 2023, to February 3, 2026. The tender method used was a "Restricted procedure". The deadline for tender submission was September 23, 2022. The procurement falls under the services category with a classification related to financial markets administration services.

This contracting opportunity with LGPS Central Ltd presents a chance for businesses involved in financial markets administration services and financial information systems to grow. Companies with expertise in fund administration and portfolio monitoring systems would be well-suited to compete. The award was given to State Street Bank and Trust Company, indicating the type of organisations that are successful in such tenders. The contract value was not disclosed, showcasing an opportunity for similar businesses to compete for potentially lucrative contracts in the future.

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Notice Information

Notice Title

Private Markets Fund Administrator and Portfolio Monitoring System - AWARD

Notice Description

LGPS Central manages on behalf of its Partner Funds a range of investments in Private Equity, Private Debt and Infrastructure. These are all managed in-house via Scottish Limited Partnership ("SLP") structure, whereby LGPSC sources and commits to fund investments on behalf of the investors. LGPS Central wishes to outsource the administration of all these investments and appointment a Fund Administrator. In addition, LGPS Central requires the provision of a Portfolio Monitoring System for these investments.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0d7a70f2-7879-488a-8d90-d8d50c04bcd7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/da056a92-4c3b-4eb9-ad60-a09501e6cc99
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

48812000 - Financial information systems

66150000 - Financial markets administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Mar 20232 years ago
Submission Deadline
23 Sep 2022Expired
Future Notice Date
Not specified
Award Date
21 Mar 20232 years ago
Contract Period
4 Feb 2023 - 3 Feb 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LGPS CENTRAL LTD
Contact Name
Tim Metcalfe
Contact Email
tim.metcalfe@lgpscentral.co.uk
Contact Phone
01902916180

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1LD
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
Not specified
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

STATE STREET BANK AND TRUST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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