To Appoint Fund Depositary – Competitive Dialogue

To Appoint Fund Depositary – Competitive Dialogue

LGPS Central will be the AIFM of the Property ACS and wishes to appoint a Fund Depositary.

LGPS Central UK Direct Property Fund Depositary

Contract summary

 

Industry

  • Financial and insurance services – 66000000

Location of contract

WV1 3NB

Value of contract

£0

Procurement reference

PRP0010

Published date

2 July 2021

Closing date

2 August 2021

Closing time

12pm

Contract start date

1 November 2021

Contract end date

1 September 2031

Contract type

Service contract

Procedure type

Competitive dialogue (OJEU)

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

 

Description

 

LGPS Central will be the AIFM of the Property ACS and wishes to appoint a Fund Depositary.

Provision of a Formal Property Procedure for the sale and disposal of assets the Investment Manager will be expected to follow.
Monitoring the AIF’s cash flows.
Monitoring that the investor transactions, sale, issue, repurchase and redemption of units in the funds are processed correctly and on a timely basis.
Monitoring that the investments are appropriate.
Oversight of the register of investors.
Monitoring NAV calculations according to the prospectus and regulatory requirements.
Oversight of income and distributions.
Monitoring reconciliation of cash accounts and reviewing cash flows.
How you will hold the fund’s assets and how this is specifically tailored for a property fund.

An overview of the services in respect of the Project is set out in the Selection Questionnaire document on the In-tend system.

 

More information

 

Links
Additional text
For any supplier interested in this opportunity, further information can be found in the Procurement Information Document that forms part of the procurement pack. This can be found at https://in-tendhost.co.uk/lgpscentral/aspx/Home

Is a Recurrent Procurement Type? : No

 

How to apply

 

Follow the instructions given in the description or the more information section.

 

About the buyer

 

Contact name

Neil Wain

Address

Mander House
Mander Centre
Wolverhampton
WV1 3NB
United Kingdom

Telephone

+44 1902916203

Email

neil.wain@lgpscentral.co.uk