Tender

TEN-1920-027 - Direct unlisted infrastructure equity solutions

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Tender

06 Jan 2020 at 19:19

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) is currently undertaking a procurement process for the tender titled "TEN-1920-027 - Direct unlisted infrastructure equity solutions," classified under the industry category of banking and investment services. This tender is in the open procedure stage and is set to conclude on 17 February 2020. Located in London, the successful contractor will start providing services on 27 August 2020, with a contract duration extending to 31 December 2099. Notably, NEST manages over £9 billion in assets and aims to enhance its fund offerings with direct infrastructure equity solutions.

This tender presents significant opportunities for businesses specialising in investment services and fund management, particularly those focusing on infrastructure equity. Companies with expertise in delivering alternative investment solutions will find this tender particularly relevant, as NEST is keen to secure competitive fees for this asset class. Given the scale of NEST's operations, businesses that can demonstrate a robust portfolio and the ability to manage large-scale investment strategies will be well-suited to compete in this procurement process.

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Notice Information

Notice Title

TEN-1920-027 - Direct unlisted infrastructure equity solutions

Notice Description

To access this tender opportunity please proceed to the following link: https://nesttenders.bravosolution.co.uk/web/login.shtml Since inception, Nest has delivered a high quality, low cost pension scheme available to all. Nest has not only delivered on its mission but has helped to drive up standards and best practices across the industry. At the time of publication, Nest has approximately 9 million members, over PS9 billion in AUM and approximately 900,000 participating employers. Nest's expected net cash inflows in 2020 are expected to be in the region of PS4-5 billion. The current fund selection for Nest members comprises the Nest Retirement Date Funds (NRDFs); 47 single year target date funds which act as the default strategy, and six additional fund choices. Currently over 97% of all assets under management are in the NRDFs. Each Nest fund operates as a fund of funds investing in third party managed "building block" funds and separately management accounts. The Nest Trustee Members determine the asset allocation of the funds while external fund managers invest in a variety of specific asset classes. Nest is now looking to add direct/unlisted infrastructure equity solutions to the range of building blocks. Infrastructure equity will be an important asset class for the NRDFs and may also be used within our other fund options if certain criteria are met. Further details of all these funds may be found on our website: http://www.Nestpensions.org.uk/schemeweb/NestWeb/public/whatisNest/contents/investment-approach.html Nest's eventual allocation to this asset class will be highly dependent on the fees we secure; however, from an unconstrained perspective we can envisage allocating 5-10% of the scheme's total AUM, depending on market conditions over time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e9dfe660-d285-4028-88b0-2c3e1518ac4c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6c56b105-327a-4c6d-9a2f-d1fc1be8a32c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

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

Notice Dates

Publication Date
6 Jan 20206 years ago
Submission Deadline
17 Feb 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
26 Aug 2020 - 31 Dec 2099 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
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Not specified
Contact Email
procurement@nestcorporation.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

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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