Award

Private Markets Fund Administrator and Portfolio Monitoring System

LGPS CENTRAL LIMITED

This public procurement record has 7 releases in its history.

AwardUpdate

17 Apr 2026 at 11:06

AwardUpdate

17 Apr 2026 at 08:17

AwardUpdate

28 Jan 2026 at 10:06

AwardUpdate

30 Dec 2025 at 14:54

Award

21 Mar 2023 at 16:24

TenderUpdate

16 Aug 2022 at 13:20

Tender

16 Aug 2022 at 10:53

Summary of the contracting process

LGPS Central Limited, headquartered in Wolverhampton, UK, initiated a procurement process for a “Private Markets Fund Administrator and Portfolio Monitoring System.” This contracting process falls under the industry category of Financial Markets Administration Services and aims to outsource the administration of investments in private equity, private debt, and infrastructure, along with the provision of a portfolio monitoring system. The procurement stage is currently at contract update with an active award status, as of April 2026. The procurement method employed is a competitive procedure with negotiation, and the initial contract period is set for 1800 days, beginning from March 2023. The main delivery addresses are situated in the UKG39 region, with the contract value documented at various intervals, most recently amounting to £5,799,366 GBP, outlining significant active awards and amendments to accommodate new partner fund requirements.

This tender offers expansive growth opportunities for businesses in the financial administration services sector, particularly those capable of delivering high-level oversight and governance through financial information systems. Companies specialising in financial markets administration services and possessing a robust portfolio monitoring solution are particularly well-positioned to compete for this contract. The procurement requirements include a fund administrator and superior reporting functionality, which highlights the need for seamless technical compatibility and cost-effective service delivery. Large-scale enterprises, such as State Street Bank and Trust Company, have already been involved as suppliers, showcasing the potential for collaboration on this significant project managed by a reputable public law establishment like LGPS Central Limited.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035ecd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035134-2026
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
£14,512,286 £10M-£100M

Notice Dates

Publication Date
17 Apr 20261 weeks 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

Contracting Authority (Buyer)

Main Buyer
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
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
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

Open Contracting Data Standard (OCDS)

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