Tender

NU/ 1756 The Provision of Global Equity Manager/s

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Tender

02 Mar 2022 at 14:11

Tender Notice
Summary of the contracting process

The tender titled "NU/1756 The Provision of Global Equity Manager/s" has been initiated by Newcastle University, located in Newcastle upon Tyne, England. This procurement falls under the industry category of investment banking services and is currently at the Tender stage. The tender was published on 2nd March 2022, with a deadline for submissions set for 4th April 2022. The university aims to appoint an active global equity investment manager to manage approximately £75 million for its endowment fund, adhering to its core values of social and environmental responsibility, as outlined in its Climate Action Plan. The procurement method used is selective, specifically a restricted procedure. The contract period is expected to run from 1st September 2022 to 31st August 2027.

This opportunity presents significant growth potential for investment firms that focus on sustainable and responsible fund management practices. Businesses with a strong track record in managing equity mandates, particularly those that align with ESG (Environmental, Social, and Governance) principles, would be well-suited to compete for this contract. Companies that can demonstrate a commitment to refraining from investments in tobacco, armaments, or fossil fuel extraction will find themselves in a favourable position to align with the university's values and requirements. Given the substantial value of the contract and the emphasis on responsible investment strategies, this tender could serve as a pivotal contract for firms looking to expand their footprint in the public sector investment space.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

NU/ 1756 The Provision of Global Equity Manager/s

Notice Description

This tender process is to appoint an active global equity investment manager/s to manage in the region of PS75m behalf of the University of Newcastle endowment fund. Social and environmental justice are core values of the University and we are committed to socially and environmentally responsible investment. We are looking to appoint investment managers with well-developed ESG approaches who will also work with us to achieve the aims of our Climate Action Plan. We do not permit investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. UK equities are acceptable within the portfolio but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. To be considered managers must meet the criteria outlined in the specification including: * UNPRI signatory * No investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. * Is not currently and has not in the last five years been subject to serious regulatory investigation or action * Track record of fund management team of at least ten years in running equity mandates * Ability to contribute to the University's Climate Action Plan through the provision of reports on the carbon footprint of investment portfolios All criteria are extremely important to the University and will not be negotiable.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-da5c486c-3c31-4dc9-bdee-9c3a36b24a99
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3a340193-b282-4a3f-a714-73afa84b7294
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender 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

66 - Financial and insurance services

CPV Codes

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20223 years ago
Submission Deadline
4 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2022 - 31 Aug 2027 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Contact Name
Leigh Anderson
Contact Email
leigh.anderson@ncl.ac.uk
Contact Phone
+44 1912088618

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-da5c486c-3c31-4dc9-bdee-9c3a36b24a99-2022-03-02T14:11:53Z",
    "date": "2022-03-02T14:11:53Z",
    "ocid": "ocds-b5fd17-da5c486c-3c31-4dc9-bdee-9c3a36b24a99",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "NCL001-DN597651-60739141",
        "title": "NU/ 1756 The Provision of Global Equity Manager/s",
        "description": "This tender process is to appoint an active global equity investment manager/s to manage in the region of PS75m behalf of the University of Newcastle endowment fund. Social and environmental justice are core values of the University and we are committed to socially and environmentally responsible investment. We are looking to appoint investment managers with well-developed ESG approaches who will also work with us to achieve the aims of our Climate Action Plan. We do not permit investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. UK equities are acceptable within the portfolio but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. To be considered managers must meet the criteria outlined in the specification including: * UNPRI signatory * No investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. * Is not currently and has not in the last five years been subject to serious regulatory investigation or action * Track record of fund management team of at least ten years in running equity mandates * Ability to contribute to the University's Climate Action Plan through the provision of reports on the carbon footprint of investment portfolios All criteria are extremely important to the University and will not be negotiable.",
        "datePublished": "2022-03-02T14:11:53Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66120000",
            "description": "Investment banking services and related services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 2500000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure",
        "tenderPeriod": {
            "endDate": "2022-04-04T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-09-01T00:00:00+01:00",
            "endDate": "2027-08-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/3a340193-b282-4a3f-a714-73afa84b7294",
                "datePublished": "2022-03-02T14:11:53Z",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-53449",
            "name": "Newcastle University",
            "identifier": {
                "legalName": "Newcastle University"
            },
            "address": {
                "streetAddress": "Newcastle University, 1 Park Tce",
                "locality": "Newcastle upon Tyne",
                "postalCode": "NE1 7RU",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Leigh Anderson",
                "email": "leigh.anderson@ncl.ac.uk",
                "telephone": "+44 1912088618"
            },
            "details": {
                "url": "https://www.ncl.ac.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-53449",
        "name": "Newcastle University"
    }
}