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Carmarthenshire County Council is the Host Authority for the Wales Pension Partnership (WPP). The WPP, established in 2017 is a collaboration of all eight LGPS funds in Wales and is one of eight national Local Government Pension pools. The eight LGPS funds in Wales are: Cardiff and Vale of Glamorgan, City and County of Swansea, Clwyd, Dyfed, Greater Gwent (Torfaen), Gwynedd, Powys and Rhondda Cynon Taf.
The WPP has total assets worth approximately 21.6bn GBP (as at 31st March 2021), 14.6bn GBP of which have already been pooled and a further 0.6bn GBP to be invested in an Emerging Markets sub fund later this year.
PLEASE NOTE: This procurement will focus on Private Credit and Infrastructure assets. Real Estate and Private Equity assets will be addressed in a future separate procurement exercise.
For further details please refer to the documentation available on eTenderwales eTendering portal.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| GCM Grosvenor | - | - | 1 lot Infrastructure Investments Allocator | - |
| IFM Investors | - | - | 1 lot Open Ended Infrastructure Funds | - |
| Octopus Group | - | - | 1 lot Open Ended Infrastructure Funds | - |
| Russell Investments | 02086230 | - | 1 lot Private Debt Investments Allocator | - |
This procurement was divided into 3 lots, each awarded separately. 24 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 Private Debt Investments Allocator | £15,000,000 initial term | 8 | Russell Investments | complete |
| Lot 2 Infrastructure Investments Allocator | £15,000,000 initial term | 8 | GCM Grosvenor | complete |
| Lot 3 Open Ended Infrastructure Funds | £15,000,000 initial term | 8 | Octopus Group IFM Investors | complete |
Weightings from the notice, applied to every lot.