Wales Pension Partnership Private Markets Investments - Private Equity

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-0326a3-2024-09-18T13:49:45+01:00",
    "date": "2024-09-18T13:49:45+01:00",
    "ocid": "ocds-h6vhtk-0326a3",
    "description": "(WA Ref:143787)",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-0326a3",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Wales Pension Partnership Private Markets Investments - Private Equity",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66131100",
            "description": "Pension investment services"
        },
        "mainProcurementCategory": "services",
        "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.",
        "value": {
            "amount": 15000000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "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. Additional information: Please refer to the eTender opportunity on eTenderwales for further information.",
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "Contract extensions up to an additional 60 months subject to satisfactory performance"
                },
                "secondStage": {
                    "minimumCandidates": 3,
                    "maximumCandidates": 10
                },
                "selectionCriteria": {
                    "description": "As detailed in the eTender documentation and instructions included on eTenderwales"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Quality",
                            "type": "quality",
                            "description": "20"
                        },
                        {
                            "type": "price",
                            "description": "80"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66131100",
                        "description": "Pension investment services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKL14"
                    },
                    {
                        "region": "UKL14"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://etenderwales.bravosolution.co.uk",
        "communication": {
            "atypicalToolUrl": "https://etenderwales.bravosolution.co.uk"
        },
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            }
        ],
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "technical",
                    "description": "It is expected that the Allocator will be an FCA or equivalent authorised firm with appropriate investment expertise and track record."
                }
            ]
        },
        "contractTerms": {
            "performanceTerms": "As detailed in the invitation to tender documentation."
        },
        "otherRequirements": {
            "requiresStaffNamesAndQualifications": true
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive procedure with negotiation",
        "secondStage": {
            "successiveReduction": true,
            "noNegotiationNecessary": true,
            "invitationDate": "2022-05-23T00:00:00+01:00"
        },
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2022-04-25T14:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 270
            }
        },
        "hasRecurrence": true,
        "recurrence": {
            "description": "Contract extensions up to an additional 60 months subject to satisfactory performance"
        }
    },
    "parties": [
        {
            "id": "GB-FTS-1552",
            "name": "Carmarthenshire County Council",
            "identifier": {
                "legalName": "Carmarthenshire County Council"
            },
            "address": {
                "streetAddress": "County Hall",
                "locality": "Carmarthen",
                "region": "UKL14",
                "postalCode": "SA31 1JP",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 1267234567",
                "email": "CRCorporateprocurement@carmarthenshire.gov.uk",
                "url": "https://etenderwales.bravosolution.co.uk"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "url": "http://www.carmarthenshire.gov.uk",
                "buyerProfile": "https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0281",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-111",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-124573",
            "name": "SCHRODERS PLC",
            "identifier": {
                "legalName": "SCHRODERS PLC"
            },
            "address": {
                "streetAddress": "1 London Wall Place",
                "locality": "London",
                "region": "UKI",
                "postalCode": "EC2Y5AU",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2076586000"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-1552",
        "name": "Carmarthenshire County Council"
    },
    "language": "en",
    "awards": [
        {
            "id": "029843-2024-1",
            "relatedLots": [
                "1"
            ],
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-124573",
                    "name": "SCHRODERS PLC"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "029843-2024-1",
            "awardID": "029843-2024-1",
            "status": "active",
            "value": {
                "amount": 15000000,
                "currency": "GBP"
            },
            "dateSigned": "2022-12-06T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 10
            },
            {
                "id": "2",
                "measure": "smeBids",
                "relatedLot": "1",
                "value": 10
            },
            {
                "id": "3",
                "measure": "foreignBidsFromEU",
                "relatedLot": "1",
                "value": 10
            },
            {
                "id": "4",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "1",
                "value": 0
            },
            {
                "id": "5",
                "measure": "electronicBids",
                "relatedLot": "1",
                "value": 10
            }
        ]
    }
}