Asset Allocation and Total Portfolio View Software Solution

Nest is seeking to appoint one supplier to provide a hosted software-as-a-service solution for Nest Invest with two core capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest's multi-level fund-of-funds structure, including strategic and tactical asset allocation, portfolio modeling and optimization, configurable targets and limits, rebalancing, asset restrictions, workflow controls, auditability, and scenario analysis. The Total Portfolio View capability must deliver a consolidated view of Nest Invest's portfolio across public and private assets, including positions, exposures, performance data, and look-through information with aggregation and analysis across the fund structure. The supplier must provide software licensing or subscription services, implementation and configuration, integration with data sources and Nest Invest's cloud data platform, migration from the incumbent system, testing and user acceptance support, training and documentation, go-live support, and ongoing hosting, maintenance, technical support, and product roadmap services. The solution will be hosted electronically and receive investment and portfolio data from retained sources including the fund administrator and custodian. The contract will be awarded for an initial five-year term with options to extend for an additional two years and then one further year, allowing a maximum eight-year term. The contract does not guarantee minimum service volumes or expenditure.