Opportunity

ACCESS Private Equity Allocators

  • HAMPSHIRE COUNTY COUNCIL
  • Hartfordshire County Council
  • Isle of Wight Council
  • Kent County Council
  • Norfolk County Council
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  • Suffolk County Council
  • West Northamptonshire Council
  • West Sussex County Council
  • East Sussex County Council
  • Cambridgeshire County Council
  • Essex County Council

F02: Contract notice

Notice reference: 2024/S 000-012912

Published 22 April 2024, 9:46am



Section one: Contracting authority

one.1) Name and addresses

HAMPSHIRE COUNTY COUNCIL

The Castle

WINCHESTER

SO238UJ

Contact

Samantha Pullinger

Email

samantha.pullinger@hants.gov.uk

Telephone

+44 1962847826-847826

Country

United Kingdom

NUTS code

UKJ36 - Central Hampshire

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

www.hants.gov.uk

Buyer's address

https://www.accesspool.org/

one.1) Name and addresses

Hartfordshire County Council

Hartford

Email

contact@hertfordshire.gov.uk

Country

United Kingdom

NUTS code

UKH23 - Hertfordshire

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Isle of Wight Council

Isle of Wight

Email

customer.services@iow.gov.uk

Country

United Kingdom

NUTS code

UKJ34 - Isle of Wight

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Kent County Council

Maidstone

Email

county.hall@kent.gov.uk

Country

United Kingdom

NUTS code

UKJ4 - Kent

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Norfolk County Council

Norwich

Email

DPCST@norfolk.gov.uk

Country

United Kingdom

NUTS code

UKH15 - Norwich and East Norfolk

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Suffolk County Council

Ipswitch

Email

customer.services@suffolk.gov.uk

Country

United Kingdom

NUTS code

UKH14 - Suffolk

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

West Northamptonshire Council

Northampton

Email

enquiries.nbc@westnorthants.gov.uk

Country

United Kingdom

NUTS code

UKF24 - West Northamptonshire

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

West Sussex County Council

Chichester

Email

procurement@westsussex.gov.uk

Country

United Kingdom

NUTS code

UKJ27 - West Sussex (South West)

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

East Sussex County Council

Lewes

Email

purchasing.queries@eastsussex.gov.uk

Country

United Kingdom

NUTS code

UKJ22 - East Sussex CC

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Cambridgeshire County Council

Cambridge

Email

procurementandcommercial@cambridgeshire.gov.uk

Country

United Kingdom

NUTS code

UKH12 - Cambridgeshire CC

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.1) Name and addresses

Essex County Council

Chelmsford

Email

procurement.team@essex.gov.uk

Country

United Kingdom

NUTS code

UKH3 - Essex

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

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

one.2) Information about joint procurement

The contract involves joint procurement

one.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 above-mentioned address

Tenders or requests to participate must be submitted electronically via

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

one.4) Type of the contracting authority

Regional or local authority

one.5) Main activity

General public services


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

ACCESS Private Equity Allocators

Reference number

EX23875

two.1.2) Main CPV code

  • 66131100 - Pension investment services

two.1.3) Type of contract

Services

two.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/.

two.1.5) Estimated total value

Value excluding VAT: £2,000,000,000

two.1.6) Information about lots

This contract is divided into lots: No

two.2) Description

two.2.3) Place of performance

NUTS codes
  • UKF2 - Leicestershire, Rutland and Northamptonshire
  • UKH - East of England
  • UKJ - South East (England)

two.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

two.2.5) Award criteria

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

two.2.6) Estimated value

Value excluding VAT: £2,000,000,000

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

Duration in months

360

This contract is subject to renewal

No

two.2.10) Information about variants

Variants will be accepted: No

two.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.


Section three. Legal, economic, financial and technical information

three.1) Conditions for participation

three.1.2) Economic and financial standing

Selection criteria as stated in the procurement documents

three.1.3) Technical and professional ability

Selection criteria as stated in the procurement documents


Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Restricted procedure

four.1.8) Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

four.2) Administrative information

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

Date

24 May 2024

Local time

2:00pm

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

17 June 2024

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

English

four.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 six. Complementary information

six.1) Information about recurrence

This is a recurrent procurement: No

six.2) Information about electronic workflows

Electronic invoicing will be accepted

Electronic payment will be used

six.4) Procedures for review

six.4.1) Review body

High Courts of England & Wales

London

Country

United Kingdom