--- title: "LGPS Central Global Active Investment Grade Credit Sub-Fund - Manager Procurement" ocid: "ocds-h6vhtk-04c2bf" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c2bf" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c2bf.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c2bf.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "LGPS CENTRAL LIMITED" published: "2024-12-05" --- # LGPS Central Global Active Investment Grade Credit Sub-Fund - Manager Procurement Buyer: LGPS CENTRAL LIMITED Current stage: Tender OCID: ocds-h6vhtk-04c2bf [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c2bf) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04c2bf.json) ## Summary LGPS Central Limited is seeking Global Investment Grade Credit managers for their Global Active Investment Grade Credit Sub-Fund procurement. The procurement falls under the services category, specifically pension investment services (CPV 66131100), and is open to managers with at least £5 billion of external client money invested and a five-year track record by 30th September 2024. The procurement is currently in the tender stage, with the tender process closing on 20th December 2024. The procurement method is a selective process following a restricted procedure, and it includes a tender period ending on 20th December 2024 and invitations for the second stage issued on 23rd December 2024. The contract will be based in the United Kingdom, at LGPS Central’s Wolverhampton office. This tender offers substantial business growth opportunities for firms experienced in managing Global Active Investment Grade Credit strategies. Suitable businesses would include those with a strong track record in this domain, capable of demonstrating robust performance and a fundamental approach over a quantitative one. The contract's high value of £1.8 million and the 1440-day duration provide a significant engagement for experienced credit managers. With no fixed end date and the possibility of periodic contract termination, this procurement engagement offers both stability and flexibility, making it an attractive proposition for firms looking to grow their footprint in the pension investment services industry. ## Notice LGPS Central is looking for Global Investment Grade Credit managers that already have a minimum PS5bn of external client money invested in Global Investment Grade Credit as of 30th September 2024 with a five-year track record (to the same date) in managing a Global Active Investment Grade Credit strategy. LGPSC is looking for active managers who utilise a fundamental rather than quantitative approach, evidence of strong performance, and the capability to build a robust and high-quality credit portfolio.This procurement will be split into three stages:Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2) ### Lot Information Lot 1 Stage 1 - Standard Questionnaire to manage correspondence and clarifications submitted via In-Tend Stage 2 - Presentation Stage to manage correspondence (including issuing results of Stage 1)Stage 3 - Due Diligence of successful managers (including issuing results of Stage 2) Additional information: This will be a rolling contract with no fixed end date or minimum duration, however LGPS reserves the right to terminate the contract giving any applicable notice period agreed upon in any pursuant contract. This contract term has been described as 48 months only in the interest of calculating a value. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/039317-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Dec 2024 | | Submission deadline | 20 Dec 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,800,000 | | Lots value | £1,800,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LGPS CENTRAL LIMITED | | Locality | WOLVERHAMPTON | | Post town | Wolverhampton | | Postcode | WV1 1LH | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG39 Wolverhampton | | Local authority | Wolverhampton | | Electoral ward | St Peters | | Westminster constituency | Wolverhampton West | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66131100 - Pension investment services ## Release History - 5 Dec 2024 at 16:33 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/039317-2024 ## Notice URLs - https://in-tendhost.co.uk/lgpscentral/ - https://www.lgpscentral.co.uk/ ## 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-04c2bf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c2bf.json.