Private Markets Fund Administrator and Portfolio Monitoring System
A Modification Notice
by LGPS CENTRAL LIMITED
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 5 year
- Value
- £3M-£4M
- Sector
- BUSINESS
- Published
- 30 Dec 2025
- Delivery
- To 17 Apr 2031 (est.)
- Deadline
- n/a
Related Terms
Location
Wolverhampton
2 buyers
- LGPS Central Wolverhampton
1 supplier
- State Street Bank & Trust London
Description
LGPS Central manages on behalf of its Partner Funds a range of investments in Private Equity, Private Debt and Infrastructure. These are all managed in-house via Scottish Limited Partnership ("SLP") structure, whereby LGPSC sources and commits to fund investments on behalf of the investors. LGPS Central wishes to outsource the administration of all these investments and appointment a Fund Administrator. In addition, LGPS Central requires the provision of a Portfolio Monitoring System for these investments.
Ammendments to Previous Notice
2. Contract value
GBP 3,374,689 4,196,689
Award Detail
| 1 | State Street Bank & Trust (London)
|
CPV Codes
- 66150000 - Financial markets administration services
- 48812000 - Financial information systems
Indicators
- Contract modified due to unforeseen circumstances.
Legal Justification
Following the Government's "Fit for the Future" review in relation to the LGPS and pension pooling, LGPS Central are required to transition assets (and deliver fund administration services in relation to these assets) by the 1st April 2026. The challenging nature of this deadline was unforeseen and therefore a modification to our current contract is required to deliver the required services in-line with the timescales prescribed by Government.
Reference
- FTS 086465-2025