CEPRES Private Markets Investment Data and Analytics Services

Description

Nest intends to enter into a new contract with CEPRES GmbH for the continued provision of its existing private-markets investment data, analytics and platform services. The proposed contract is intended to maintain service continuity while Nest Invest completes its Asset Allocation/Total Portfolio View procurement and the design of its future data-platform architecture. The outputs of those programmes will determine whether Nest requires a separate private-markets platform and, if it does, the technical and functional requirements for that platform. The proposed arrangement comprises an initial 12-month term with an option for Nest to extend the contract for a further six months. The maximum contemplated duration is therefore 18 months. The additional six-month period would only be used where necessary to complete a replacement procurement, implementation, migration and an appropriate period of parallel running after Nest's future requirements have been confirmed.