LD Pensions’ Tender for an Agreement Concerning High Grade European Asset Backed Securities

Lønmodtagernes Dyrtidsfond (‘LD Pensions’)

The object of the tender is to select an investment manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.
A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).
The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.

Deadline

Fristen for modtagelse af bud var på 2021-03-10. Indkøbet blev offentliggjort på 2021-02-05.

Leverandører

Følgende leverandører er nævnt i tildelingsbeslutninger eller andre indkøbsdokumenter:

Hvem? Hvad? Hvor?
Indkøbshistorik
Dato Dokument
2021-02-05 Udbudsbekendtgørelse
2021-12-13 Bekendtgørelse om indgåede kontrakter
Udbudsbekendtgørelse (2021-02-05)
Objekt
Omfanget af udbuddet
Titel: Porteføljeforvaltning
Kort beskrivelse:
The object of the tender is to select an investment manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements). The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
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Bekendtgørelsens metadata
Originalsprog: engelsk 🗣️
Dokumenttype: Udbudsbekendtgørelse
Kontraktens art: Tjenesteydelser
Forordning: Den Europæiske Union, med deltagelse af GPA-lande
Fælles glossar for offentlige kontrakter (CPV)
Kode: Porteføljeforvaltning 📦
Yderligere CPV-kode: Porteføljeforvaltning 📦
Sted for udførelsen
NUTS-region: Danmark 🏙️

Procedure
Procedureform: Offentligt udbud
Bud-type: Indsendelse gældende for alle delaftaler
Kriterier for tildeling
Det økonomisk mest fordelagtige bud

Ordregivende myndighed
Identitet
Land: Danmark 🇩🇰
Type af ordregivende myndighed: Offentligretligt organ
Navn på ordregivende myndighed: Lønmodtagernes Dyrtidsfond (‘LD Pensions’)
Postadresse: Dirch Passers Alle 27
Postnummer: 2000
Postby: Frederiksberg
Kontakt
Internetadresse: https://www.ld.dk 🌏
E-mail: investeringsafdeling@ld.dk 📧
Telefon: +45 33368938 📞
URL til dokumenter: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=292218&B=KROMANNREUMERT 🌏
URL til deltagelse: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=292218&B=KROMANNREUMERT 🌏

Reference
Datoer
Afsendelsesdato: 2021-02-05 📅
Tilbudsfrist: 2021-03-10 📅
Offentliggørelsesdato: 2021-02-10 📅
Identifikatorer
Bekendtgørelsesnummer: 2021/S 028-069441
EUT-S-nummer: 28
Yderligere oplysninger
Both mandatory and voluntary grounds for exclusion apply in this tender procedure, cf. section 135-137 of the Danish Public Procurement Act.

Objekt
Omfanget af udbuddet
Kort beskrivelse:
The object of the tender is to select an investment manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.
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A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).
The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
Anslået samlet værdi: 2 900 000 EUR 💰
Kort beskrivelse:
LD Pensions is selecting one investment managers to provide investment management services for High Grade European ABS. Expected size for the mandate is DKK 1 250 million, approx. EUR 170 million; however this is strictly indicative due to the inability to determine the precise volume in advance.
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The objective for the mandate is to deliver a stable return stream of EURIBOR+150bp by investing in European ABS. Another goal is to offer downside protection compared to EUR IG bonds (Bloomberg ticker ER00) adjusted for duration.
A more detailed description of the characteristics of the mandate can be found in the Investment guidelines (investment guidelines can be found in schedule 1 of the agreement).
All minimum criteria are listed in Appendix 5a questionnaire and summarised in section iii: legal, economic, financial and technical information.
Anslået værdi uden moms: 2 900 000 EUR 💰
Varighed: 48 måneder
Beskrivelse af fornyelser: The contract can be renewed by 12 months, up to 3 times.

Juridiske, økonomiske, finansielle og tekniske oplysninger
Betingelser for deltagelse
Egnethed til at udøve det erhverv:
The tenderer is eligible to provide investment management services within the EU.
Mindstekrav til niveauet:
The tenderer has experience with providing the necessary documentation and other due diligence materials required to enable LD Pensions to carry out its regulatory responsibilities as set out in Regulation (EU) 2017/2402 with respect to securitization positions.
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— the tenderer has experience managing standalone investment grade ABS mandates. The required experience can have been obtained through one mandate that fulfills both requirements below or through two separate mandates that combined fulfills both requirements below;
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— the tenderer has at least one mandate with an inception date prior to 1 January 2015 and the mandate has AuM of at least EUR 500 million equivalent as at 31 December 2020, where (1) the historical sector allocation of the mandate has been consistently diversified across a wide range of structured credit assets, specifically: RMBS, CLO and ABS — with ABS defined as credit card receivables, autos, consumer loans and (2) the geographic allocation of the mandate has been at least 70 % invested in EU and UK issuance;
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— the tenderer is managing at least one standalone structured credit mandate in which all assets comply with EU risk retention requirements for at least one calendar year for the period 1 January 2019 to 31 December 2020;
— the tenderer has a dedicated structured credit team (portfolio management and credit research analysts) with a minimum size of 6 persons as at 31 December 2020, and at least one member of the team has a track record of managing structured credit mandates prior to 1 January 2008.
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The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.

Procedure
Retsgrundlag: 32014L0024
Tidspunkt for modtagelse af tilbud: 23:00
Sprog, på hvilke bud eller ansøgninger om deltagelse kan indgives: engelsk 🗣️
Tilbuddets gyldighedsperiode: 6 måneder
Dato for åbning af tilbud: 2021-03-10 📅
Tidspunkt for åbning af tilbud: 23:00

Ordregivende myndighed
Identitet
Nationalt registreringsnummer: 61552812
Kontakt
Enhed: Claus Buchwald Christjansen
Køberprofilens adresse: https://eu.eu-supply.com/ctm/Company/CompanyInformation/Index/352919 🌏
URL til dokumenter: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=292218&B=KROMANNREUMERT 🌏

Supplerende oplysninger
Gennemgå organ
Navn: Klagenævnet for Udbud
Postadresse: Nævnenes Hus, Toldboden 2
Postby: Viborg
Postnummer: 8800
Land: Danmark 🇩🇰
Telefon: +45 35291000 📞
E-mail: klfu@naevneneshus.dk 📧
Internetadresse: https://naevneneshus.dk/start-din-klage/klagenaevnet-for-udbud/ 🌏
Oplysninger om frister for klageprocedurer:
In accordance with Act No 953 2 June 2016 (Lov om klagenævnet for Udbud m.v.), the deadlines for submitting a complaint are the following:
Complaints about the award procedure must be lodged with the Danish Complaints Board for Public Procurement before the expiry of:
45 calendar days after the contracting authority has published a notice in the official Journal of the European Union (with effect form the day following the publication date);
The complainant must inform the contracting authority of the complaint in writing and not later than simultaneously with the lodging of the complaint to the Danish Board of Public Procurement. The complaint must state whether the complaint was lodged in the stand still period. If the complaint has not been lodged in the stand still period, the complaint must also state whether the complaint is requested to be given suspensive effect.
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Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Navn: Konkurrence- og Forbrugerstyrelsen
Postadresse: Carl Jacobsens Vej 35
Postby: Valby
Postnummer: 2500
Telefon: +45 41715000 📞
E-mail: kfst@kfst.dk 📧
Internetadresse: http://www.kfst.dk 🌏
Kilde: OJS 2021/S 028-069441 (2021-02-05)
Bekendtgørelse om indgåede kontrakter (2021-12-13)
Objekt
Omfanget af udbuddet
Kort beskrivelse:
The object of the tender is to select an Investment Manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements). The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance.
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Den samlede værdi af udbuddet: 2 950 000 EUR 💰
Bekendtgørelsens metadata
Dokumenttype: Bekendtgørelse om indgåede kontrakter

Procedure
Bud-type: Finder ikke anvendelse

Reference
Datoer
Afsendelsesdato: 2021-12-13 📅
Offentliggørelsesdato: 2021-12-17 📅
Identifikatorer
Bekendtgørelsesnummer: 2021/S 245-646692
Henviser til bekendtgørelse: 2021/S 028-069441
EUT-S-nummer: 245

Objekt
Omfanget af udbuddet
Kort beskrivelse:
The object of the tender is to select an Investment Manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.
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The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance.
LD Pensions is selecting one Investment Managers to provide investment management services for High Grade European ABS. Expected size for the mandate is DKK 1.250 million, approx. EUR 170 million; however this is strictly indicative due to the inability to determine the precise volume in advance.
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Procedure
Kriterier for tildeling
Kvalitetskriterium (navn): Quality of Service
Kvalitetskriterium (vægtning): 90
Pris (justeringskoefficient): 10

Tildeling af kontrakt
Dato for kontraktindgåelse: 2021-11-18 📅
Navn: Aegon Investment Management B.V.
Postadresse: Aegonplein 6
Postby: The Haque
Postnummer: 2591 TV
Land: Nederlandene 🇳🇱
Den samlede værdi af udbuddet: 2 950 000 EUR 💰
Oplysninger om udbud
Antal modtagne bud: 8

Supplerende oplysninger
Gennemgå organ
Oplysninger om frister for klageprocedurer:
In accordance with Act No 953 2.6.2016 (Lov om klagenævnet for Udbud m.v.), the deadlines for submitting a complaint are the following:
Kilde: OJS 2021/S 245-646692 (2021-12-13)
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