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
LGPS Central Ltd
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
-
- https://in-tendhost.co.uk/LGPSCentral/aspx/
- Tender Notice
- Additional information on how to apply for this contract
- 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