Financial markets administration services

Tender description

Brunel Pension Partnership (Brunel) brings together 30 000 000 000 GBP investments of 10 likeminded Local Government Pensions Scheme funds. We believe in making long term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in. Brunel is one of 8 national pooled funds, and will manage the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, and Wiltshire Funds. In support of the management of these assets, Brunel requires a Middle and Back Office administrator and service provider for the Brunel Pool’s Private Markets commitments. This process (the Procurement) is being run by Brunel, one of the 8 Local Government Pension Scheme (LGPS) Pools. Brunel was founded to provide Investment Pooling solutions to 11 LGPS funds across ten Administering Authorities (the Clients). Brunel will be launching five Private Markets Portfolios which will cover the below strategies: — Private Equity — Private Debt — Infrastructure — Property — Secured Income It should also be noted that a further, sixth, Portfolio, is also in scope for this Procurement; Hedge Funds. To support Brunel in providing these Portfolios to its Clients, Brunel requires Middle and Back Office operations. It has been identified that to provide Clients with the best Investment Service, Brunel will use a proven third-party Provider to deliver the following Services: A) Deal Lifecycle Management B) Data Management C) Portfolio Monitoring Capabilities D) Portfolio Reporting It is anticipated that the commencement of the Services will take place from November 2018.