---
title: "Wales Pension Partnership Private Markets Investments - Private Equity"
ocid: "ocds-kuma6s-119924"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-119924"
markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-119924.md"
json_url: "https://d3tenders.com/contract/ocds-kuma6s-119924.json"
source: "Sell2Wales"
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-kuma6s-119924

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## Summary

The Carmarthenshire County Council has completed the procurement process for the establishment of the Wales Pension Partnership (WPP) Private Markets Investments - Private Equity Sub-Fund. As the host authority for the WPP, Carmarthenshire County Council led this selective competitive procedure with negotiation, aiming to develop various Private Market Sub-Funds. Covering the UKL14 region, this procurement falls within the services category and adheres to the Competitive procedure with negotiation procurement method. The contract, signed on 6th December 2022, with Schoders PLC as the supplier, details a £15,000,000 investment to establish a Private Equity Sub-Fund, following the due tender procedures and timelines.

This tender represents a significant opportunity for businesses specialising in private equity investments to expand their operations. Companies with expertise in closed-end investment funds, co-investments, or direct investments will find this contract particularly relevant. The procurement not only promises substantial financial engagement but also underlines the growing importance of strategic asset allocation within local government pension pools. Businesses adept in navigating large-scope financial projects and understanding the regulatory compliance within this sector will be well-suited to leverage this opportunity to foster substantial growth.

## 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.. 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 | Sell2Wales |
| Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=119924 |
| Notice type | OJEU - F3 - Contract Award 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 | Complete |
| Awards status | Not specified |
| 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=119924
- 25 Mar 2022 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=119924

## Documents

- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=MAR393029
  Wales Pension Partnership Private Markets Investments - Private Equity - 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 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. 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.
- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=SEP491357
  Wales Pension Partnership Private Markets Investments - Private Equity - **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.

## Notice URLs

- https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-119924
- https://etenderwales.bravosolution.co.uk
- https://www.carmarthenshire.gov.uk
- https://www.carmarthenshire.gov.wales

## 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-kuma6s-119924. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-119924.json.