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Private Markets Front, Middle and Back Office Services

BRUNEL PENSION PARTNERSHIP LIMITED

This public procurement record has 2 releases in its history.

Award

25 Oct 2024 at 15:37

Award Notice
Planning

10 Nov 2023 at 10:58

Planning Notice
Summary of the contracting process

Brunel Pension Partnership Limited (Brunel) has awarded a contract for Private Markets Front, Middle and Back Office Services to AssetMetrix GmbH. This procurement was classified under the Financial Markets Administration Services industry category and followed a selective, competitive procedure with negotiation. The contract is valued at £4,142,020 and was signed on 8th October 2024. It is located in the UKK region. This process involved three lots: Front Office Investment Toolset, Middle and Back Office Administrator, and a combined service for all office operations. The procurement was completed as per guidelines established under CELEX 32014L0024.

This tender provides significant opportunities for businesses specialising in financial market administration services. Companies with expertise in front, middle, and back-office operations, particularly those with previous experience in managing private market portfolios, are well-suited for such contracts. SMEs could benefit by forming consortia to bid for combined lots, ensuring comprehensive service delivery. The structured procurement phases, including the issuance of a pre-qualification questionnaire and detailed evaluation criteria, support innovative solutions from various suppliers, enabling business growth and potential long-term strategic partnerships with large public entities like Brunel Pension Partnership Limited.

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Notice Information

Notice Title

Private Markets Front, Middle and Back Office Services

Notice Description

Brunel requires a supplier or suppliers to provide Front, Middle and Back Office services for its private markets assets.

Lot Information

Front Office Investment Toolset

Brunel requires a private markets Front Office Investment Toolset for use by its private markets investment team. The primary purpose is to enable comprehensive portfolio monitoring of Brunel private markets portfolios across a range of asset classes including private equity, private debt, infrastructure, secured income and property. It is expected that the Front Office Investment Toolset will operate seamlessly with the Middle and Back Office Administration Services (see Lot 2).

Options: The contract term is 3 years, with the ability to make a single, two year extension

Middle and Back Office Administrator

Brunel requires an experienced, proven, private markets administrator to manage its private markets portfolios, comprising multiple asset classes including private equity, private debt, infrastructure, secured income and property. The administrator must provide a full range of outsourced middle and back-office services supporting portfolio construction and the deal lifecycle. It is expected that the administrator will operate seamlessly with the Front Office Investment Toolset and Brunel's custodian, State Street, noting that custody is out of scope for this services request.

Options: The contract term is 3 years, with the ability to make a single, two year extension

Front, Middle and Back Office Services

Lot 3 is a combined bid for Lots 1 and 2 covering the Front Office Investment Toolset and the Middle and Back Office Administration Services . The bid could be made by either a single supplier or by a consortium. In the event of a consortium bid, it is intended that one supplier will act as the principal consortium lead, being responsible for overall delivery of the services but on the basis that certain aspects of the services (i.e., either Lot 1 or Lot 2) outsourced to strategic partners.

Options: The contract term is 3 years, with the ability to make a single, two year extension

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-041751
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034720-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66150000 - Financial markets administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£4,142,020 £1M-£10M

Notice Dates

Publication Date
25 Oct 20241 years ago
Submission Deadline
11 Dec 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
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
BRUNEL PENSION PARTNERSHIP 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
BRISTOL
Postcode
BS1 6PU
Postcode Area
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

AssetMetrix GmbH

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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