Private Markets Fund Administrator and Portfolio Monitoring System

Location

Wolverhampton

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

Award Detail

CPV Codes

• 66150000 - Financial markets administration services
• 48812000 - Financial information systems

Indicators

• Contract modified due to additional needs.

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 for our new partner funds. As part of these expedited transitions, improved reporting functionality is required. Confirmation of the new Partner Funds joining LGPS Central Limited was not officially confirmed until 1st April 2026. As LGPC's current reporting functionality is delivered through this contract, a change of contractor to deliver the improved functionality would cause significant inconvenience, substantial duplication of costs and cause issues of technical interoperability with the current core reporting functionality.