Awarding of two portfolio management mandates

The purpose of this tender is the provision of portfolio management services on behalf of Fonds de compensation commun au régime général de pension (FDC), which set up an umbrella investment company with variable capital – specialised investment fund in 2007 (in accordance with the amended law of 13 February …

CPV: 66140000 Vērtspapīru portfeļa pārvaldes pakalpojumi
Termiņš:
2025. gada 1. decembris, 16:00
Termiņa veids:
Piedāvājuma iesniegšana
Izpildes vieta:
Awarding of two portfolio management mandates
Piešķīrēja iestāde:
Fonds de compensation commun au régime général de pension
Piešķīruma numurs:
2502235

1. Buyer

1.1 Buyer

Official name : Fonds de compensation commun au régime général de pension
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : Social protection

2. Procedure

2.1 Procedure

Title : Awarding of two portfolio management mandates
Description : The purpose of this tender is the provision of portfolio management services on behalf of Fonds de compensation commun au régime général de pension (FDC), which set up an umbrella investment company with variable capital – specialised investment fund in 2007 (in accordance with the amended law of 13 February 2007 on specialised investment funds). More precisely, the tender is related to the awarding of two (2) global unlisted real estate mandates to be actively managed and with the objective to generate long term stable performances and regular cash flows through the acquisition of units or shares of unlisted core and, in subsidiary order, value-add real estate UCIs investing in internationally diversified immovable property. The mandates relate to existing sub-funds meaning that an awarded tenderer will be entrusted with an existing portfolio. Regardless the investment strategy offered, a proposal must always comply with the investment guidelines as stated in the Issue Document as well as with the terms and conditions of the Investment Management Agreement being part of the tender documents as Appendices 6 and 7. The amount of assets of EUR 500 million for each mandate is indicative and may vary during the execution of a mandate. The term of the mandates shall be three (3) consecutive years with the possibility of renewal from year to year except in the event of early termination by FDC or the awarded tenderer by means of a three months’ notice. The maximum duration of the mandates shall be ten (10) years. Proposals will be selected on the basis of the economically most advantageous proposal. The detailed selection and evaluation criteria of proposals, the main stages of this tender as well as any other terms and conditions relating to this tender are specified in the Tendering Procedure and Guidelines, which can be downloaded from the public procurement portal ( www.marches-publics.lu ). FDC may also assign stand-by mandates. The definition and characteristics of a stand-by mandate are set out in section 2.5 of the Tendering Procedure and Guidelines.
Procedure identifier : 3b0fd22e-3eca-49f5-98f8-f8d9f6558b86
Internal identifier : 2502235
Type of procedure : Open
The procedure is accelerated : no

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66140000 Portfolio management services

2.1.2 Place of performance

Country subdivision (NUTS) : Luxembourg ( LU000 )
Country : Luxembourg

2.1.4 General information

Additional information : Tender documents are available for download on the public procurement portal, with the exception of the Questionnaire and Performance file (Appendix 1) and the Investment Management Agreement (Appendix 6). For reasons of confidentiality of the information made available through these documents, given documents must be requested separately by any interested company via the public procurement portal, attaching the duly completed model request for obtaining the tender documents (Appendix 9), which is part of the downloadable tender documents. The detailed procedure for downloading and requesting all tender documents is specified in the Tendering Procedure and Guidelines. Proposals must be signed and submitted in electronic form via the public procurement portal before the closing date and time indicated in the Tendering Procedure and Guidelines, being 1 December 2025 until 4:00 p.m. (CET). Proposals received after this deadline or not validly signed will be rejected by FDC. The detailed procedure for electronically signing and submitting a proposal is specified in the Tendering Procedure and Guidelines. The minimum requirements for participation in the tender are specified under section 2.8 of the Tendering Procedure and Guidelines. The proposal selection criteria are specified under section 3.2 of the Tendering Procedure and Guidelines.
Legal basis :
Directive 2014/24/EU

2.1.6 Grounds for exclusion

Sources of grounds for exclusion : Procurement Document

5. Lot

5.1 Lot technical ID : LOT-0001

Title : Awarding of two portfolio management mandates
Description : The purpose of this tender is the provision of portfolio management services on behalf of Fonds de compensation commun au régime général de pension (FDC), which set up an umbrella investment company with variable capital – specialised investment fund in 2007 (in accordance with the amended law of 13 February 2007 on specialised investment funds). More precisely, the tender is related to the awarding of two (2) global unlisted real estate mandates to be actively managed and with the objective to generate long term stable performances and regular cash flows through the acquisition of units or shares of unlisted core and, in subsidiary order, value-add real estate UCIs investing in internationally diversified immovable property. The mandates relate to existing sub-funds meaning that an awarded tenderer will be entrusted with an existing portfolio. Regardless the investment strategy offered, a proposal must always comply with the investment guidelines as stated in the Issue Document as well as with the terms and conditions of the Investment Management Agreement being part of the tender documents as Appendices 6 and 7. The amount of assets of EUR 500 million for each mandate is indicative and may vary during the execution of a mandate. The term of the mandates shall be three (3) consecutive years with the possibility of renewal from year to year except in the event of early termination by FDC or the awarded tenderer by means of a three months’ notice. The maximum duration of the mandates shall be ten (10) years. Proposals will be selected on the basis of the economically most advantageous proposal. The detailed selection and evaluation criteria of proposals, the main stages of this tender as well as any other terms and conditions relating to this tender are specified in the Tendering Procedure and Guidelines, which can be downloaded from the public procurement portal ( www.marches-publics.lu ). FDC may also assign stand-by mandates. The definition and characteristics of a stand-by mandate are set out in section 2.5 of the Tendering Procedure and Guidelines.
Internal identifier : 0

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66140000 Portfolio management services

5.1.2 Place of performance

Country subdivision (NUTS) : Luxembourg ( LU000 )
Country : Luxembourg
Additional information :

5.1.3 Estimated duration

Other duration : Unknown

5.1.6 General information

Reserved participation : Participation is not reserved.
Procurement Project not financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes
This procurement is also suitable for small and medium-sized enterprises (SMEs) : yes

5.1.9 Selection criteria

Sources of selection criteria : Procurement Document

5.1.10 Award criteria

Criterion :
Type : Quality
Description : Tenderers experience and expertise of the staff dedicated to the management of a given mandate: 30%
Criterion :
Type : Quality
Description : Investment process: 50%
Criterion :
Type : Cost
Description : Management fees: 20%

5.1.11 Procurement documents

Access to certain procurement documents is restricted
Justification for restricting access to certain procurement documents : Protection of particularly sensitive information
Information about restricted documents is available at : https://pmp.b2g.etat.lu/entreprise/consultation/537030?orgAcronyme=t5y

5.1.12 Terms of procurement

Terms of submission :
Electronic submission : Required
Languages in which tenders or requests to participate may be submitted : German, English, French
Electronic catalogue : Not allowed
Advanced or qualified electronic signature or seal (as defined in Regulation (EU) No 910/2014) is required
Variants : Not allowed
Deadline for receipt of tenders : 01/12/2025 16:00 +02:00
Deadline until which the tender must remain valid : 5 Month
Terms of contract :
The execution of the contract must be performed within the framework of sheltered employment programmes : No
Electronic invoicing : Allowed
Electronic ordering will be used : no
Electronic payment will be used : no

5.1.15 Techniques

Framework agreement :
No framework agreement
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : Juridictions administratives
Organisation providing additional information about the procurement procedure : Fonds de compensation commun au régime général de pension
Organisation providing offline access to the procurement documents : Fonds de compensation commun au régime général de pension
Organisation receiving requests to participate : Fonds de compensation commun au régime général de pension
Organisation processing tenders : Fonds de compensation commun au régime général de pension

8. Organisations

8.1 ORG-0001

Official name : Fonds de compensation commun au régime général de pension
Registration number : J31
Registration number : LU21065682
Department : Gestion des OPC
Postal address : 34-40 avenue de la Porte-Neuve
Town : Luxembourg
Postcode : 2227
Country subdivision (NUTS) : Luxembourg ( LU000 )
Country : Luxembourg
Contact point : Fonds de compensation commun au régime général de pension - Gestion des OPC
Telephone : +352 26 20 34 83
Roles of this organisation :
Buyer
Organisation providing additional information about the procurement procedure
Organisation providing offline access to the procurement documents
Organisation receiving requests to participate
Organisation processing tenders

8.1 ORG-0002

Official name : Juridictions administratives
Registration number : JURAD
Department : Fonds de compensation commun au régime général de pension
Postal address : 1, rue du Fort Thüngen
Town : Luxembourg
Postcode : 1499
Country subdivision (NUTS) : Luxembourg ( LU000 )
Country : Luxembourg
Contact point : Tribunal administratif - greffe
Telephone : 42105-1
Roles of this organisation :
Review organisation

Notice information

Notice identifier/version : acfb0dfb-ee8d-48ff-ae0a-6d9fbf05feaa - 01
Form type : Competition
Notice type : Contract or concession notice – standard regime
Notice dispatch date : 29/09/2025 09:47 +02:00
Languages in which this notice is officially available : English
Notice publication number : 00644988-2025
OJ S issue number : 189/2025
Publication date : 02/10/2025