Section one: Contracting authority
one.1) Name and addresses
BRUNEL PENSION PARTNERSHIP LIMITED
5th Floor,101 Victoria Street
BRISTOL
BS16PU
Contact
Chris Smedley
procurementsubmission.brunel@brunelpp.org
Telephone
+44 7866837374
Country
United Kingdom
Region code
UKK11 - Bristol, City of
Justification for not providing organisation identifier
Not on any register
Internet address(es)
Main address
https://www.brunelpensionpartnership.org
one.3) Communication
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Other activity
Brunel is the discretionary investment manager for ten local authority pension funds.
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Private Markets Front, Middle and Back Office Services
two.1.2) Main CPV code
- 66150000 - Financial markets administration services
two.1.3) Type of contract
Services
two.1.4) Short description
Brunel requires a supplier or suppliers to provide Front, Middle and Back Office services for its private markets assets. This procurement is divided into 3 lots:
• Lot 1: Front Office Investment Toolset
• Lot 2: Middle and Back Office Administrator
• Lot 3: Front, Middle and Back Office Services
Tenderers are invited to express their interest for any, or all, of Lot 1, Lot 2, and Lot 3. This procurement will follow the Competitive Procedure with Negotiation.
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
Maximum number of lots that may be awarded to one tenderer: 2
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
Brunel reserves the right to award contracts for each of Lot 1 and Lot 2, or to combine Lot 1 and Lot 2 (as Lot 3). Brunel may choose a legal structure for the provision of these services at its sole discretion.
two.2) Description
two.2.1) Title
Front Office Investment Toolset
Lot No
1
two.2.2) Additional CPV code(s)
- 48812000 - Financial information systems
- 66150000 - Financial markets administration services
two.2.3) Place of performance
NUTS codes
- UKK - South West (England)
two.2.4) Description of the procurement
Brunel requires a private markets Front Office Investment Toolset for use by its private markets investment team. The primary purpose is to enable comprehensive portfolio monitoring of Brunel private markets portfolios across a range of asset classes including private equity, private debt, infrastructure, secured income and property.
It is expected that the Front Office Investment Toolset will operate seamlessly with the Middle and Back Office Administration Services (see Lot 2).
Tenderers who express their interest will be issued with a pre-qualification questionnaire (PQQ). Responses to the PQQ will be evaluated against the criteria detailed in their PQQ and suppliers who are successfully selected to continue through to the invitation to tender (ITT) phase will be issued with the ITT Pack.
Tenderers wishing to express their interest should provide their full company name and address and most suitable contact details.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
two.2.11) Information about options
Options: Yes
Description of options
The contracting authority's current expectation is that the contract will have an initial term of 36 months, with an option for the contracting authority to extend the contract by 12 months on no more than two occasions, resulting in a maximum potential contract term of 60 months. However, the contracting authority reserves the right to reconsider this prior to issuing the Invitation to Tender.
two.2) Description
two.2.1) Title
Middle and Back Office Administrator
Lot No
2
two.2.2) Additional CPV code(s)
- 48812000 - Financial information systems
- 66150000 - Financial markets administration services
two.2.3) Place of performance
NUTS codes
- UKK - South West (England)
two.2.4) Description of the procurement
Brunel requires an experienced, proven, private markets administrator to manage its private markets portfolios, comprising multiple asset classes including private equity, private debt, infrastructure, secured income and property.
The administrator must provide a full range of outsourced middle and back-office services supporting portfolio construction and the deal lifecycle.
It is expected that the administrator will operate seamlessly with the Front Office Investment Toolset and Brunel's custodian, State Street, noting that custody is out of scope for this services request.
Tenderers who express their interest will be issued with a pre-qualification questionnaire (PQQ). Responses to the PQQ will be evaluated against the criteria detailed in their PQQ and suppliers who are successfully selected to continue through to the invitation to tender (ITT) phase will be issued with the ITT Pack.
Tenderers wishing to express their interest should provide their full company name and address and most suitable contact details.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
two.2.11) Information about options
Options: Yes
Description of options
The contracting authority's current expectation is that the contract will have an initial term of 36 months, with an option for the contracting authority to extend the contract by 12 months on no more than two occasions, resulting in a maximum potential contract term of 60 months. However, the contracting authority reserves the right to reconsider this prior to issuing the Invitation to Tender.
two.2) Description
two.2.1) Title
Front, Middle and Back Office Services
Lot No
3
two.2.2) Additional CPV code(s)
- 48812000 - Financial information systems
- 66150000 - Financial markets administration services
two.2.3) Place of performance
NUTS codes
- UKK - South West (England)
two.2.4) Description of the procurement
Lot 3 is a combined bid for Lots 1 and 2 covering the Front Office Investment Toolset and the Middle and Back Office Administration Services . The bid could be made by either a single supplier or by a consortium. In the event of a consortium bid, it is intended that one supplier will act as the principal consortium lead, being responsible for overall delivery of the services but on the basis that certain aspects of the services (i.e., either Lot 1 or Lot 2) outsourced to strategic partners.
Each Lot will be evaluated separately.
Tenderers who express their interest will be issued with a pre-qualification questionnaire (PQQ). Responses to the PQQ will be evaluated against the criteria detailed in their PQQ and suppliers who are successfully selected to continue through to the invitation to tender (ITT) phase will be issued with the ITT Pack.
Tenderers wishing to express their interest should provide their full company name and address and most suitable contact details.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
two.2.11) Information about options
Options: Yes
Description of options
The contracting authority's current expectation is that the contract will have an initial term of 36 months, with an option for the contracting authority to extend the contract by 12 months on no more than two occasions, resulting in a maximum potential contract term of 60 months. However, the contracting authority reserves the right to reconsider this prior to issuing the Invitation to Tender.
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
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 expressions of interest
Date
11 December 2023
Local time
10:00am
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Brunel Pension Partnership Limited
5th Floor, 101 Victoria Street
Bristol
BS1 6PU
procurementsubmission.brunel@brunelpp.org
Country
United Kingdom