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The Provision of Alternative Investment Fund Manager('AIFM') Services and Administration and Depositary Services

Scottish National Investment Bank

This public procurement record has 1 release in its history.

Tender

18 Jun 2026 at 17:03

Tender Notice
Summary of the contracting process

The Scottish National Investment Bank is seeking proposals for the provision of Alternative Investment Fund Manager ('AIFM') services, along with Administration and Depositary Services for the launch of non-retail unregulated collective investment schemes in the UK, targeting institutional investors. Classified under the Banking and Investment Services category, this procurement process is being conducted via an open procedure. The process is currently in the tender stage, with submissions closing on 20th July 2026. Industry leaders in investment fund management, particularly those with UK domiciles, are encouraged to participate. The potential contract is valued at £2.8 million over six years, including optional extensions.

This tender represents a significant opportunity for businesses specialised in fund administration and AIFM services to expand their market presence and portfolio offerings. Businesses with a track record in private markets, asset management, and experience dealing with institutional client structures will find this tender particularly beneficial. Successful tenderers will have the opportunity to showcase their regulatory compliance, governance frameworks, and operational capacity to manage and scale investment funds efficiently. Suitable candidates should possess authorisation from the Financial Conduct Authority and demonstrate robust financial and technical capabilities. Community benefits, such as the provision of skills and training opportunities, also form part of the contract requirements, highlighting a commitment to fostering a skilled workforce.

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Notice Information

Notice Title

The Provision of Alternative Investment Fund Manager('AIFM') Services and Administration and Depositary Services

Notice Description

The Bank is seeking a Supplier for the Provision of Alternative Investment Fund Manager ('AIFM') services and Administration and Depositary services in relation to the planned launch of a small number of UK-domiciled, non-Retail unregulated collective investment schemes (UCIS) to be privately placed to institutional investors. Depositary Services are only required where relevant to the fund structure. Estimated contract value for initial contract period (4 years) is 1.5m GBP. Including optional extensions (6 years total), the estimated value is 2.8m GBP. This is indicative based on expected fund roll-out and values which is subject to change.

Lot Information

Lot 1

The Bank is seeking to appoint a suitably authorised and experienced UK Alternative Investment Fund Manager ("AIFM") to provide a hosted AIFM solution, and associated Fund Administration and Depositary Services (Depositary Services only required where relevant to the fund structure). Under a hosted AIFM model, the appointed provider will be responsible for providing the regulatory permissions, compliance framework and operational infrastructure required to establish and manage investment funds. This includes, but is not limited to, activities relating to regulatory oversight, risk management, compliance, governance and reporting. Additional information: Estimated contract value for initial contract period (4 years) is 1.5m GBP. Estimated value including optional extensions (6 years total contract period) is 2.8m GBP. This is indicative based on expected fund roll-out and values which is subject to change.

Renewal: 2 x 12 month extension periods

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b87a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/057766-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£2,800,000 £1M-£10M
Lots Value
£2,800,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jun 20262 months ago
Submission Deadline
20 Jul 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
5 years

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish National Investment Bank
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH1 3EG
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
Not specified
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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