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Private Markets Fund Administrator and Portfolio Monitoring System

LGPS CENTRAL LIMITED

This public procurement record has 8 releases in its history.

AwardUpdate

19 Jun 2026 at 12:51

Award Notice
AwardUpdate

17 Apr 2026 at 12:06

Award Notice
AwardUpdate

17 Apr 2026 at 09:17

Award Notice
AwardUpdate

28 Jan 2026 at 10:06

Award Notice
AwardUpdate

30 Dec 2025 at 14:54

Award Notice
Award

21 Mar 2023 at 16:24

Award Notice
TenderUpdate

16 Aug 2022 at 14:20

Tender Notice
Tender

16 Aug 2022 at 11:53

Tender Notice
Summary of the contracting process

The procurement process initiated by LGPS Central Limited involves the outsourcing of the administration of a range of investments in Private Equity, Private Debt, and Infrastructure, in addition to requiring a Portfolio Monitoring System. This tender falls under the industry category of Financial Markets Administration Services, with the procurement stage being contract update. Located in Wolverhampton, United Kingdom (region UKG39), this contract has a duration of approximately five years (1800 days) and was awarded to State Street Bank and Trust Company, a large supplier based in London. Key updates include modifications required to meet unforeseen service demands as new partner funds joined LGPS Central on 1st April 2026. The procurement method utilised was a competitive procedure with negotiation.

This tender presents substantial business growth opportunities, particularly for companies with capabilities in financial markets administration and information systems. Firms specialising in fund administration and portfolio monitoring services could significantly benefit by exploring the potential for collaboration or subcontracting, given the scale and duration of the contract. With an active engagement in providing detailed oversight and governance of partner fund assets, businesses that can deliver innovative reporting solutions aligned with compliance and performance metrics will find this tender particularly attractive. The project's emphasis on improved reporting functionality and efficient asset transition management aligns well with firms that excel in advanced financial software solutions and administrative expertise.

How relevant is this notice?

Notice Information

Notice Title

Private Markets Fund Administrator and Portfolio Monitoring System

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.

Lot Information

Lot 1

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.

Renewal: Initial 36 month contract with the option of 2 x 12 month renewals. Renewals will be granted at the absolute discretion of LGPS Central Limited.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035ecd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/058040-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

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
£11,600,000 £10M-£100M
Lots Value
£11,600,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£26,462,018 £10M-£100M

Notice Dates

Publication Date
19 Jun 20262 months ago
Submission Deadline
19 Sep 2022Expired
Future Notice Date
Not specified
Award Date
21 Mar 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LGPS CENTRAL LIMITED
Additional Buyers

LGPS Central Limited

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1LD
Postcode Area
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
TLG39 Wolverhampton
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

State Street Bank and Trust Company

Further Information

Open Contracting Data Standard (OCDS)

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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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