---
title: "Asset Servicing for Private Markets"
ocid: "ocds-h6vhtk-06b802"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b802"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b802.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b802.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LGPS CENTRAL LIMITED"
published: "2026-06-19"
---

# Asset Servicing for Private Markets

Buyer: LGPS CENTRAL LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06b802

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## Summary

In a recent procurement process conducted by LGPS CENTRAL LIMITED, a public authority located in Wolverhampton, UK, the contract titled "Asset Servicing for Private Markets" has been awarded to AssetMetrix GmbH, a company based in Munich, Germany. This direct award contract, valued at £1,150,200, focuses on financial markets administration services and spans from 1st July 2026 to 30th June 2027, with possible extensions up to a total of 27 months. The procurement method was a direct award due to the urgency and essential nature of the services required, as stipulated in the Procurement Act 2023. The award notice was officially documented on 19th June 2026.

This contract offers significant opportunities for companies involved in financial markets administration services, particularly those capable of providing transaction processing, cash settlement, and investment look-through reporting. As the industry necessitates specialised expertise and swift adaptation to regulatory frameworks, businesses with experience in financial services or asset management would be well-positioned to compete in similar future procurement opportunities. SMEs may also find valuable chances for growth by building upon this sector's complex and essential service requirements, aligning their offerings with public sector needs.

## Notice

Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds. Please note: The standstill period detailed in the previous Contract Award Notice does not apply to this contract award and was included only to resolve the technical issue identified below. The Contracting Authority is relying on the direct award ground set out in paragraph 13 of Schedule 5 to the Procurement Act 2023 (urgency) (as more fully explained in the associated Transparency Notice published on 18 June 2026) in respect of this contract award. In accordance with s.51(3)(a) of the Act, the Contracting Authority is not required observe a standstill period. Notwithstanding that a standstill period was included in the earlier Contract Award Notice, it does not apply and is not a voluntary standstill period for the purposes of s.51(4) of the Act. The Contracting Authority has been advised there is a technical error within Find a Tender and currently Contract Award Notices can only be published if a standstill period is stated, which in this scenario as explained above, is not a mandatory requirement. Therefore the standstill period detailed in the related Contract Award Notice should be disregarded and does not apply as the Contracting Authority is not entering into a standstill period.

### Procurement Information

Due to the nature and pace of recent LGPS pension pooling reform, approval of the Partner Funds joining LGPS Central Limited was only officially made on 1st April 2026 and therefore the requirement for continuation of essential services from AssetMetrix, in respect of three of the Partner Funds joining from another pool, was unforeseen. The admission date of 1st of April 2026 date for the new Partner Funds has not allowed sufficient time for a competitive procurement process to be undertaken and for the on-boarding of data ahead of the commencement of the complex and essential services in question (being transaction processing, cash settlement, investment look through reporting, and maintenance of investment book of records for the three Partner Funds joining from another pool). The scope of these services is strictly necessary and essential to meet our obligations as an asset pooling company. The contract period has been selected to enable us to ensure the essential services can continue for a minimum of 12 months and then align with the re-procurement of a much wider package of services which is expected to include the services detailed in this transparency notice. It is envisaged this re-procurement will commence in quarter 3 2027. On the basis of the above, these services are deemed as strictly necessary, and for the reasons of extreme and unavoidable urgency, a direct award is justified.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/058151-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Jun 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 26 May 2026 |
| Contract period | 30 Jun 2026 - 30 Jun 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £1,150,200 |
| Contracts value | £1,150,200 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LGPS CENTRAL LIMITED |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1LD |
| 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ASSETMETRIX |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66150000 - Financial markets administration services

## Release History

- 19 Jun 2026 at 13:39 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/058151-2026
- 19 Jun 2026 at 12:32 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/058080-2026
- 18 Jun 2026 at 11:41 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/057537-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/058151-2026
  19th June 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/058080-2026
  19th June 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/057537-2026
  18th June 2026 - Transparency notice on Find a Tender

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-06b802. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06b802.json.