The ACCESS Pool is seeking to appoint two Private Equity Allocators

The ACCESS Pool, which consists of assets totalling c.£35bn on behalf of participating Pension Funds, is seeking to appoint two Private Equity allocators.

This marks the third phase of the ACCESS Pool’s private markets programme that has seen it steadily add private markets assets into its investable universe, most recently infrastructure and real estate.

The appointed Private Equity Allocators will oversee a multi-vintage programme whereby Authorities will have the ability to commit to vintages on an ongoing basis over the term of the mandate. Each vintage is expected to be globally diversified, with investments across primary funds, secondary funds and co-investments.

For the first five vintage years of the mandate, it is anticipated that the aggregate size of the annual commitments to the two Private Equity Allocators will be on average of c.£500 million or more each year. Considering the potential ultimate scale of the mandate, it is anticipated that total assets across all vintages across both Allocators could exceed £4-6 billion, based on potential asset growth and/or increases to individual Authorities target allocations. Further information including assumptions and caveats are contained in Invitation to Tender (ITT) documents.

The contracts will be procured through a tender, carried out as a two-stage restricted procedure. Submissions for the tender need to be received in English by 14:00 BST on 24 May 2024.

Full details of the requirement for this search can be found in the Specification at Annex 1 of the ITT documentation by registering within Hampshire County Council’s instance of the In-Tend e-procurement platform.

Further links

ACCESS PE Allocators

Tender: Link here

Find-a-Tender Service (FTS): Link here

Media enquiries:


Henry Adefope, David Cracknell, Tavistock –

Notes for editors

In January 2022, ACCESS appointed Apex Investment Advisory (formerly MJ Hudson before acquisition by Apex Group in May 2023) as implementation adviser for the pooling of illiquid assets including private equity, private debt, infrastructure, and real estate. As implementation advisor, Apex Investment Advisory will provide support to the Pool in selecting individual investment opportunities and investment managers to build portfolios in a range of illiquid assets.

About the ACCESS Pool

The ACCESS Pool (A Collaboration of Central, Eastern and Southern Shires) is made of 11 LGPS Administering Authorities: Cambridgeshire County Council; East Sussex County Council; Essex County Council; Hampshire County Council; Hertfordshire County Council; Isle of Wight Council; Kent County Council; Norfolk County Council; West Northamptonshire Council; Suffolk County Council; and West Sussex County Council.

ACCESS Authorities are committed to working together and have each signed an Inter Authority Agreement, setting out how they will work together in response to the Governments pooling agenda across the LGPS, and to optimise benefits and efficiencies on behalf of their individual and collective stakeholders.

As at 31 December 2023, ACCESS’ pooled assets totalled £35bn.