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Investment Management Solution (s)

National Wealth Fund Limited

This public procurement record has 1 release in its history.

Planning

20 Feb 2025 at 14:48

Planning Notice
Summary of the contracting process

The National Wealth Fund Limited (NWF), located in Leeds, United Kingdom, and governed by public law, is preparing to engage in early market engagement (EME) for an investment management solution, under CPV category 72000000 for IT services including consulting, software development, and support. The organisation has issued a Prior Information Notice (PIN) to gather market feedback which will influence their procurement strategy and processes. Responses to the Early Market Engagement questionnaire are expected by 27th March 2025 at 16:00 UK time. This early market engagement is part of the planning stage for an upcoming procurement focused on managing the financial and operational lifecycle of investments, aligning with International Financial Reporting Standards (IFRS), and ensuring transparent, efficient monitoring of investments.

This tender represents significant business growth opportunities, particularly for firms specialising in IT solutions for financial services. Companies providing software development, IT consultancy, or business and professional services could find this opportunity well-suited to their expertise. As the National Wealth Fund plans to invest across various sectors, including green technologies and infrastructure, businesses with capabilities in offering innovative, robust, and compliant investment management solutions stand to benefit. Furthermore, the detailed feedback collected from participating organisations will shape the final procurement process, possibly leading to new or refined service requirements that align closely with market offerings.

How relevant is this notice?

Notice Information

Notice Title

Investment Management Solution (s)

Notice Description

The National Wealth Fund ("NWF"), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of PS27.8 billion, with at least PS5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking.<br/><br/>Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. <br/><br/>Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least PS5 million<br/><br/>We are wholly owned and backed by HM Treasury.<br/><br/>We are undertaking early market engagement to understand the market offerings for an investment management solution (s) which focuses on the financial and operational lifecycle of a deal post go-live, namely:- <br/><br/>* Investment set up (booking a deal) <br/>* Output for the purposes of accounting in-line with International Financial Reporting Standards (IFRS). <br/>* Investment management of a deal (calculation of cashflow) <br/>* Investment closure (ending a deal) <br/>* The continual risk management of the deals including IFRS ECL & economic capital calculations<br/>* Professional services related to the above<br/><br/>NWF currently has a number of tools providing these services internally.<br/><br/>The outcome of the early market engagement will inform our procurement pipeline for procuring any software or associated services as further described in Section VI.3 below.

Lot Information

Lot 1

The scope of this Early Market Engagement includes, but is not limited to, investment management solution(s) which support the financial and operational lifecycle of an investment following deal signature. The solution (s) should provide all (or some) of the following:-
* Investment set up (booking a deal)
* Output for the purposes of accounting in-line with International Financial Reporting Standards (IFRS).
* Investment management of a deal (calculation of cashflow)
* Investment closure (ending a deal)
* The continual risk management of the deals including IFRS ECL & economic capital calculations
* Professional services related to the above

The solution (s) need to be able to facilitate one (or several) of our product sets, in Debt (Bullet repayment loan, Amortising loan, Revolving credit facility, Bridge finance, Bonds and Portfolio loans such as warehousing), Guarantee (Financial guarantee, Performance, Inflation linked, Credit enhancement & First loss) and Equity (Ordinary shares, Preference shares, Fund investments, Convertible loan notes, PIK shares).

The solution(s) would need to be capable of supporting our users in daily workflows across our Financial Risk Management, Finance Operations, Financial Control, Portfolio Management and Treasury teams.

The solution(s) will enable NWF to manage and monitor its investment in an efficient and transparent manner.
NWF are happy to adapt to best practice.

As NWF are wholly owned by HMT, any solution must be capable of meeting our user requirements and offer value for money.

The start date provided in Section II.3 is only an estimate and is subject to change depending on the outcomes of the early market engagement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04e529
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006286-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

98 - Other community, social and personal services

CPV Codes

48517000 - IT software package

72000000 - IT services: consulting, software development, Internet and support

72212517 - IT software development services

72260000 - Software-related services

98110000 - Services furnished by business, professional and specialist organisations

Notice Value(s)

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

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
1 Jan 2026Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Wealth Fund 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
LEEDS
Postcode
LS1 4HR
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Further Information

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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