Contract Award - Wales Pension Partnership Private Markets - Real Estate
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 now developed a range of Private Real Estate Sub-Funds which the Constituent Authorities (“CAs”) (Loc...
Buyer
CARMARTHENSHIRE COUNTY COUNCIL
Value
£56,000,000
Published
9 Jan 2025
Closes
18 Dec 2023
Procurement details
Source
Sell2Wales
Region
United Kingdom
Procurement method
Selective
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66131100
Pension investment services
Lots
Lot 1 UK Core Real Estate
£15,000,000
WPP Constituent Authorities currently invest in UK Real Estate through a range of fund of funds, and open and closed ended funds. Market engagement suggests that over the long term it would be optimal to transition to gaining this exposure primarily through a Direct, Separately Managed Account, real estate portfolio. Recognising the potential costs of transi...
Delivery: South West Wales
Lot 2 International Real Estate
£15,000,000
WPP Constituent Authorities intend on investing in International Real Estate through a combination of one or more Global Real Estate Funds / SMAs. These Funds/SMAs should each offer global exposure (as opposed to WPP selecting specific regional funds). Global Real Estate Funds might be stand-alone products or 'umbrella' products across underlying strategies....
Delivery: South West Wales
Lot 3 Impact / Local Real Estate
£15,000,000
WPP Constituent Authorities recognise a rare opportunity to utilise LGPS asset pooling to achieve unprecedented Social and Environmental impact investment in Wales and across the UK. The mandate will focus on UK real estate, excluding real estate debt and listed real estate (REITs). The mandate will likely be implemented through a multi-manager allocator app...
Delivery: South West Wales
Documents
Unlock document linkWales Pension Partnership Private Markets - Real Estate
Not provided
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...
Contract notice · Web page
Contract Award - Wales Pension Partnership Private Markets - Real Estate
Not provided
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...
Award notice · Web page
Contains public sector information licensed under the Open Government Licence v3.0.