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Contract Notice

ACCESS Private Equity Allocators

  • First published: 23 April 2024
  • Last modified: 23 April 2024

The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
ocds-h6vhtk-0453e2
Published by:
Hampshire County Council
Authority ID:
AA71757
Publication date:
23 April 2024
Deadline date:
24 May 2024
Notice type:
Contract Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

The Authority is seeking to appoint up to two Private Equity Allocators to manage and grow the Private Equity Mandates of the ACCESS Pool members.

Two allocators will be appointed unless only one supplier is capable of meeting the requirements set out in the ITT, in which case the Authority reserves the right to appoint only a single supplier.

This procurement is being undertaken by Hampshire County Council (the Authority) on behalf of the Administering Authorities who together comprise the ACCESS Pool. The ACCESS Pool is a collaboration of 11 like-minded Local Government Pension Scheme Authorities, investing the pensions of over one million members, delivering strong investment performance, achieving greater cost efficiency and benefiting from the best of local authority procurement. Further information regarding the ACCESS Pool can be found here: https://www.accesspool.org/.

Full notice text

Contract notice

Section I: Contracting authority

I.1) Name and addresses

HAMPSHIRE COUNTY COUNCIL

The Castle

WINCHESTER

SO238UJ

UK

Contact person: Samantha Pullinger

Telephone: +44 1962847826-847826

E-mail: samantha.pullinger@hants.gov.uk

NUTS: UKJ36

Internet address(es)

Main address: www.hants.gov.uk

Address of the buyer profile: https://www.accesspool.org/

I.1) Name and addresses

Hartfordshire County Council

Hartford

UK

E-mail: contact@hertfordshire.gov.uk

NUTS: UKH23

Internet address(es)

Main address: https://www.hertfordshire.gov.uk/home.aspx

I.1) Name and addresses

Isle of Wight Council

Isle of Wight

UK

E-mail: customer.services@iow.gov.uk

NUTS: UKJ34

Internet address(es)

Main address: https://www.iow.gov.uk/

I.1) Name and addresses

Kent County Council

Maidstone

UK

E-mail: county.hall@kent.gov.uk

NUTS: UKJ4

Internet address(es)

Main address: https://www.kent.gov.uk/

I.1) Name and addresses

Norfolk County Council

Norwich

UK

E-mail: DPCST@norfolk.gov.uk

NUTS: UKH15

Internet address(es)

Main address: https://www.norfolk.gov.uk/

I.1) Name and addresses

Suffolk County Council

Ipswitch

UK

E-mail: customer.services@suffolk.gov.uk

NUTS: UKH14

Internet address(es)

Main address: https://www.suffolk.gov.uk/

I.1) Name and addresses

West Northamptonshire Council

Northampton

UK

E-mail: enquiries.nbc@westnorthants.gov.uk

NUTS: UKF24

Internet address(es)

Main address: https://www.westnorthants.gov.uk/

I.1) Name and addresses

West Sussex County Council

Chichester

UK

E-mail: procurement@westsussex.gov.uk

NUTS: UKJ27

Internet address(es)

Main address: https://www.westsussex.gov.uk/

I.1) Name and addresses

East Sussex County Council

Lewes

UK

E-mail: purchasing.queries@eastsussex.gov.uk

NUTS: UKJ22

Internet address(es)

Main address: https://www.eastsussex.gov.uk/

I.1) Name and addresses

Cambridgeshire County Council

Cambridge

UK

E-mail: procurementandcommercial@cambridgeshire.gov.uk

NUTS: UKH12

Internet address(es)

Main address: http://www.cambridgshire.gov.uk/

I.1) Name and addresses

Essex County Council

Chelmsford

UK

E-mail: procurement.team@essex.gov.uk

NUTS: UKH3

Internet address(es)

Main address: https://www.essex.gov.uk/

I.2) Joint procurement

The contract involves joint procurement

I.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge at:

https://in-tendhost.co.uk/hampshire/aspx/Home


Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

https://in-tendhost.co.uk/hampshire/aspx/Home


I.4) Type of the contracting authority

Regional or local authority

I.5) Main activity

General public services

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

ACCESS Private Equity Allocators

Reference number: EX23875

II.1.2) Main CPV code

66131100

 

II.1.3) Type of contract

Services

II.1.4) Short description

The Authority is seeking to appoint up to two Private Equity Allocators to manage and grow the Private Equity Mandates of the ACCESS Pool members.

Two allocators will be appointed unless only one supplier is capable of meeting the requirements set out in the ITT, in which case the Authority reserves the right to appoint only a single supplier.

This procurement is being undertaken by Hampshire County Council (the Authority) on behalf of the Administering Authorities who together comprise the ACCESS Pool. The ACCESS Pool is a collaboration of 11 like-minded Local Government Pension Scheme Authorities, investing the pensions of over one million members, delivering strong investment performance, achieving greater cost efficiency and benefiting from the best of local authority procurement. Further information regarding the ACCESS Pool can be found here: https://www.accesspool.org/.

II.1.5) Estimated total value

Value excluding VAT: 2 000 000 000.00  GBP

II.1.6) Information about lots

This contract is divided into lots: No

II.2) Description

II.2.3) Place of performance

NUTS code:

UKF2

UKH

UKJ

II.2.4) Description of the procurement

Hampshire County Council is running this procurement on behalf of ACCESS pool and is seeking to appoint up to two investment managers to undertake the role of Private Equity Allocator in relation to the ACCESS Pool's Private Equity Mandates.

The procurement will be carried out as a two stage Restricted procedure. At the conclusion of the procurement procedure, each named Authority who wishes to undertake this type of investment will enter into its own contract with the successful Supplier at their own discretion.

The duration of the contract(s) shall be thirty (30) years, subject to a five (5) yearly review cycle during this period.

Full details of the requirement can be found in the Specification at Annex 1 of the ITT documentation by registering within Hampshire's instance of the In-Tend e-procurement platform at the following URL: https://in-tendhost.co.uk/hampshire/aspx/Home

II.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6) Estimated value

Value excluding VAT: 2 000 000 000.00  GBP

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 360

This contract is subject to renewal: No

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

II.2.11) Information about options

Options: Yes

Description of options:

The Private Equity Allocator Contracts will be for a term of 30 years but subject to a 5 yearly review cycle.

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

Section III: Legal, economic, financial and technical information

III.1) Conditions for participation

III.1.2) Economic and financial standing

Selection criteria as stated in the procurement documents


III.1.3) Technical and professional ability

Selection criteria as stated in the procurement documents


III.2) Conditions related to the contract

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Restricted procedure

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.2) Time limit for receipt of tenders or requests to participate

Date: 24/05/2024

Local time: 14:00

IV.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 17/06/2024

IV.2.4) Languages in which tenders or requests to participate may be submitted

EN

IV.2.6) Minimum time frame during which the tenderer must maintain the tender

Duration in months: 4 (from the date stated for receipt of tender)

Section VI: Complementary information

VI.1) Information about recurrence

This is a recurrent procurement: No

VI.2) Information about electronic workflows

Electronic invoicing will be accepted

Electronic payment will be used

VI.4) Procedures for review

VI.4.1) Review body

High Courts of England & Wales

London

UK

VI.5) Date of dispatch of this notice

22/04/2024

Coding

Commodity categories

ID Title Parent category
66131100 Pension investment services Security brokerage services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
samantha.pullinger@hants.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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