---
title: "Wales Pension Partnership Private Markets Investments - Private Equity"
ocid: "ocds-h6vhtk-0326a3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0326a3"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0326a3.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0326a3.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CARMARTHENSHIRE COUNTY COUNCIL"
published: "2024-09-18"
---

# Wales Pension Partnership Private Markets Investments - Private Equity

Buyer: CARMARTHENSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-0326a3

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0326a3)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0326a3.json)

## Summary

The procurement process for "Wales Pension Partnership Private Markets Investments - Private Equity" was conducted by Carmarthenshire County Council, serving as the Host Authority for the Wales Pension Partnership (WPP). Classified under the services industry category, this tender aimed to support the establishment of Private Equity Sub-Fund(s) for the WPP, a collaboration of all eight Local Government Pension Scheme (LGPS) funds in Wales. The procurement, conducted through a competitive procedure with negotiation, reached the award stage with key dates including the tender end date on 25 April 2022, and the signing of the contract on 6 December 2022. The selected supplier is SCHRODERS PLC, and the contract value is £15,000,000, with services to be delivered primarily in Carmarthenshire, UK.

This procurement tender presents significant opportunities for investment firms specialising in private equity to engage with a substantial regional pension partnership. Firms with expertise in managing closed-end investment funds, co-investments, or direct investments would be well-suited to compete in such tenders. Collaborative approaches, possibly involving consortia, can also be advantageous given the strategic nature of asset allocation targeted by this procurement. The focus on private equity investment programmes opens doors for firms to participate in long-term, lucrative contracts by aligning with the strategic aims of the WPP and leveraging the substantial pooled assets, estimated at approximately £21.6 billion as of March 2021.

## Notice

**THIS IS A CONTRACT AWARD NOTICE. THIS IS NOT A CONTRACT OPPORTUNITY** 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 GBP 21.6bn (as at 31st March 2021), GBP 15.2bn of which have already been pooled. The WPP is now developing 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. The WPP wants to establish Sub-Funds which are based on individual asset classes. This procurement is being undertaken to support WPP plans for establishing its Private Equity Sub-Fund(s). For further details please refer to the documentation available on eTenderwales eTendering portal.

### Lot Information

Lot 1

Private Markets Allocator to establish a Private Equity 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 - Private equity 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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/029843-2024 |
| 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 | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Sep 2024 |
| Submission deadline | 25 Apr 2022 |
| Future notice date | Not specified |
| Award date | 6 Dec 2022 |
| Contract period | Not specified |
| Recurrence | Contract extensions up to an additional 60 months subject to satisfactory performance |

## Values

| Field | Value |
| --- | --- |
| Tender value | £15,000,000 |
| 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 | 1 |
| Supplier names | SCHRODERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services

## Release History

- 18 Sep 2024 at 12:49 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/029843-2024
- 25 Mar 2022 at 16:19 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/008201-2022

## 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-0326a3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0326a3.json.