ETENDERS

Contract award notice

Information

Published

Date of dispatch of this notice: 17/10/2016

External Reference: 2016-130924

TED Reference: 2016/S 202-365367

Contract award notice

[NoticeContractAward]

[NoticeContractAwardSub]

[Directive201424]

[Section1]: [Ca]

I.1)

[NameAddressContact]

National Treasury Management Agency (NTMA)
N/A
Treasury Building, Grand Canal Street
Dublin
2
IE
[Contactpoint]: Procurement Unit
[AddressPhone]: +353 16640800
[AddressEmail]: procurement@ntma.ie
[Nutscode]:  IE -  IRELAND
[Internets]:
[UrlGeneral]: http://www.ntma.ie
[UrlBuyerprofile]: http://irl.eu-supply.com/ctm/Supplier/CompanyInformation/Index/1163

I.4)

[CaType]

[MaintypePublicbody]
I.5)

[Mainactivity]

[OtherActivity]:  Funding and Debt Management

[Section2]: [Object]

II.1)

[QuantityScopeContract]

II.1.1)

[TitleContract]

Contract Award for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF)
II.1.2)

[CpvMain]

66140000  - 
II.1.3)

[TypeContract]

[Services]
II.1.4)

[DescrShort]

The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF). Please see the contract award notice attached to this notice for details of the firms appointed in respect of lots 1 and 2.
II.1.6)

[LotsInfo]

[DivisionLots]: [Yes]
II.1.7)

[ValueTotal]

[ValueExclVat]:  56800000.00  EUR
II.2)

[Description]

II.2.1)

[TitleContract]

[LotNumber]:  1
II.2.2)

[CpvAdditional]

66131100  - 
66140000  - 
66141000  - 
II.2.3)

[PlacePerformance]

[Nutscode]:  IE -  IRELAND
II.2.4)

[DescrProcurement]

The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF) in respect of Lot 1.
II.2.5)

[AwardCriteria]

[AwardCriteriaBelow]
[AwardCriterionQuality]  -  [AwardCriterionName]:  Personnel  /  [Weighting]:  10
[AwardCriterionQuality]  -  [AwardCriterionName]:  Investment Strategy  /  [Weighting]:  35
[AwardCriterionQuality]  -  [AwardCriterionName]:  Advisor Role  /  [Weighting]:  27
[AwardCriterionQuality]  -  [AwardCriterionName]:  Investment & Operational Processes  /  [Weighting]:  20
[AwardLowestCost]  -  [AwardCriterionName]:  Fees  /  [Weighting]:  8
II.2.11)

[OptionsInfo]

[Options]: [No]
II.2.13)

[EuProgrInfo]

[EuProgrRelated]: [No]
II.2.14)

[InfoAdditional]

Fees payable under each contract are linked to the performance of the investment, and therefore the amounts stated in this notice are approximate only.
II.2)

[Description]

II.2.1)

[TitleContract]

[LotNumber]:  2
II.2.2)

[CpvAdditional]

66131100  - 
66140000  - 
66141000  - 
II.2.3)

[PlacePerformance]

[Nutscode]:  IE -  IRELAND
II.2.4)

[DescrProcurement]

The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF) in respect of Lot 2.
II.2.5)

[AwardCriteria]

[AwardCriteriaBelow]
[AwardCriterionQuality]  -  [AwardCriterionName]:  Personnel  /  [Weighting]:  15
[AwardCriterionQuality]  -  [AwardCriterionName]:  Investment Strategy  /  [Weighting]:  45
[AwardCriterionQuality]  -  [AwardCriterionName]:  Investment & Operational Processes  /  [Weighting]:  20
[AwardCriterionQuality]  -  [AwardCriterionName]:  Historical Performance  /  [Weighting]:  10
[AwardLowestCost]  -  [AwardCriterionName]:  Fees  /  [Weighting]:  10
II.2.11)

[OptionsInfo]

[Options]: [No]
II.2.13)

[EuProgrInfo]

[EuProgrRelated]: [No]
II.2.14)

[InfoAdditional]

Fees payable under each contract are linked to the performance of the investment, and therefore the amounts stated in this notice are approximate only.

[Section4]: [Procedure]

IV.1)

[Description]

IV.1.1)

[TypeProcedure]

[ProctypeOpen]
IV.1.8)

[GpaInfo]

[GpaCovered]: [Yes]
IV.2)

[InfoAdmin]

IV.2.1)

[PubPrevious]

[NumberOj]: 2015/S 139-256778

[Section5]: [AwardOfContract]

[LotNumber]: 1

[AwardConfirm]: [Yes]
V.2)

[AwardOfContract]

V.2.1)

[DateAward]

08/07/2016
V.2.2)

[AwardOffersInfo]

[OffersReceived]:  13
[AwardedGroup] :  [Yes]
V.2.3)

[AwardedToName]

Goldman Sachs Asset Management
River Court, 120 Fleet Street
London
EC4A 2BE
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
JP Morgan Asset Management
JP Morgan House, IFSC
Dublin
1
IE
[Nutscode]:  IE -  IRELAND

[AwardedSme] : [No]
Irish Life Investment Managers
Beresford Court, Beresford Place
Dublin
1
IE
[Nutscode]:  IE -  IRELAND

[AwardedSme] : [No]
V.2.4)

[ValueContractInfo] ([ExclVat])

[ValueTotalFinal]:  38800000.00  EUR

[Section5]: [AwardOfContract]

[LotNumber]: 2

[AwardConfirm]: [Yes]
V.2)

[AwardOfContract]

V.2.1)

[DateAward]

25/07/2016
V.2.2)

[AwardOffersInfo]

[OffersReceived]:  77
[AwardedGroup] :  [Yes]
V.2.3)

[AwardedToName]

Amundi
41 Lothbury
London
EC2R 7HF
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
AQR Capital Management Europe LLP
Charles House, 5-11 Regent Street
London
SW1Y 4LR
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
Blackrock Investment Management
12 Throgmorton Avenue
London
EC2N 2DL
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
Muzinich & Co.
8 Hanover Street
London
W1S 1YQ
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
The Blackstone Group
40 Berkeley Square
London
W1J 5AL
UK
[Nutscode]:  UK -  UNITED KINGDOM

[AwardedSme] : [No]
V.2.4)

[ValueContractInfo] ([ExclVat])

[ValueTotalFinal]:  18000000.00  EUR

[Section6]: [InfoComplement]

VI.3)

[InfoAdditional]

Separate contracts were awarded to each firm named in V.2.3. The individual contract award dates per firm are as follows:
LOT 1: Goldman Sachs Asset Management - 24th May 2016, JP Morgan Asset Management - 8th July 2016, Irish Life Investment Managers - 26th May 2016.
LOT 2: Amundi - 19th January 2016, AQR Capital Management Europe LLP - 25th July 2016, Blackrock Investment Management - 25th May 2016, Muzinich & Co. - 7th January 2016, The Blackstone Group - 27th June 2016.
VI.4)

[AppealsProcedure]

VI.4.1)

[AppealsBody]

High Court of Ireland
Four Courts, Inns Quay
Dublin
7
IE
[AddressEmail]: highcourtcentraloffice@courts.ie
[Internet]: http://www.courts.ie

VI.5)

[DateDispatch]

18/10/2016