---
title: "Wales Pension Partnership Private Markets Investments"
ocid: "ocds-h6vhtk-02e720"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e720"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e720.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e720.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CARMARTHENSHIRE COUNTY COUNCIL"
published: "2022-08-04"
---

# Wales Pension Partnership Private Markets Investments

Buyer: CARMARTHENSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-02e720

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## Summary

The Carmarthenshire County Council is conducting a public procurement process titled "Wales Pension Partnership Private Markets Investments" focused on pension investment services within the financial services industry. This competitive procedure with negotiation is currently in the active tender stage. Interested parties should note that the submission deadline is set for 5th November 2021, with the location of delivery being within the UKL14 region. The total value of this procurement is £45,000,000, designed to facilitate the development of Private Market Sub-Funds for various Local Government Pension Funds across Wales.

This tender presents significant growth opportunities for businesses, particularly those specialising in investment services, private equity, and infrastructure. Companies that demonstrate proficiency in managing pension funds or private market investments and meet the stringent criteria outlined in the tender documents are well-positioned to compete. Firms looking to establish themselves in the public sector or expand their portfolio in pension fund management will find this procurement process particularly beneficial.

## Notice

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 21.6bn GBP (as at 31st March 2021), 14.6bn GBP of which have already been pooled and a further 0.6bn GBP to be invested in an Emerging Markets sub fund later this year. - The WPP is now looking to develop 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. PLEASE NOTE: This procurement will focus on Private Credit and Infrastructure assets. Real Estate and Private Equity assets will be addressed in a future separate procurement exercise. For further details please refer to the documentation available on eTenderwales eTendering portal.

### Lot Information

Private Debt Investments Allocator

Private Markets Allocator to establish a Private Debt 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 - Lot 1 - Private Debt 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.

Renewal: Contract extensions up to an additional 60 months subject to satisfactory performance

Infrastructure Investments Allocator

Private Markets Allocator to establish an infrastructure investment programme over a series of vintages utilising best in class closed end investment funds, co-investments and / or direct investments. Potential oversight role for portfolio of open-ended infrastructure investments identified by WPP. Please refer to the eTender on eTenderwales and view the WPP Private Markets - Lot 2 - Infrastructure 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.

Renewal: Contract extensions up to an additional 60 months subject to satisfactory performance

Open Ended Infrastructure Funds

Open-Ended infrastructure fund investment(s) Please refer to the eTender on eTenderwales and view the WPP Private Markets - Lot 3 - Infrastructure Open-Ended Funds - 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.

Renewal: Contract extensions up to an additional 60 months subject to satisfactory performance

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/021420-2022 |
| Notice type | Tender Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Aug 2022 |
| Submission deadline | 5 Nov 2021 |
| Future notice date | Not specified |
| Award date | 31 Mar 2022 |
| Contract period | Not specified |
| Recurrence | Contract extensions up to an additional 60 months subject to satisfactory performance |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £15,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CARMARTHENSHIRE COUNTY COUNCIL |
| Locality | CARMARTHEN |
| Post town | Swansea |
| Postcode | SA31 1JP |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL4 Mid and South West Wales |
| ITL 3 | TLL42 South West Wales |
| Local authority | Carmarthenshire |
| Electoral ward | Carmarthen Town North and South |
| Westminster constituency | Caerfyrddin |
| Delivery location | TLL14 South West Wales |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 4 |
| Supplier names | GCM GROSVENOR; IFM INVESTORS; OCTOPUS GROUP; RUSSELL INVESTMENTS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services

## Release History

- 4 Aug 2022 at 13:11 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/021420-2022
- 1 Oct 2021 at 15:44 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/024498-2021

## Notice URLs

- http://www.carmarthenshire.gov.uk
- https://etenderwales.bravosolution.co.uk
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0281

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e720. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02e720.json.