Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

The Provision of Investment Management Services for the Scottish Universities Fund Ignition Strategy

Scottish National Investment Bank

This public procurement record has 1 release in its history.

Tender

09 Oct 2026 at 15:37

Tender Notice
Summary of the contracting process

The Scottish National Investment Bank is seeking an investment manager to establish and manage a segregated investment mandate for the Scottish Universities Fund Ignition Strategy. The manager will set up and operate an investment vehicle, with the Bank as its sole investor, and have delegated discretion to manage the mandate under an investment management contract. The strategy is part of a wider fund supporting the creation, growth and long-term scaling of companies originating from Scottish universities. This is a financial and investment management services opportunity (CPV 66100000). Delivery is associated with Scotland; the procurement identifies the United Kingdom as the delivery location.

The Bank invited tenders through an open procedure. The contract period is 3,600 days, with two possible 12-month extensions. The estimated contract value is £6.5 million. Tenders were due by 12:00 on 10 November 2026; the stated evaluation period began at that time. The award decision is weighted 80% on quality and 20% on price. The requirement is structured as one lot, and variant bids are not allowed. Bids must be in English and remain valid for 90 days. The buyer requires bidders to provide comparable investment performance data and case studies, and sets mandatory financial, insurance and FCA authorisation conditions for participation.

This opportunity is suited to FCA-authorised investment management firms with all permissions needed to provide the services. Bidders need a demonstrable, attributable track record managing comparable funds or strategies, including gross and net TVPI, DPI, IRR and MOIC figures, plus two case studies of comparable early-stage, innovation-led investments. The case studies must show the firm’s role, investment approach, risks, value creation and outcomes. Suppliers must meet the specified professional indemnity, employers’ liability, and product and public liability insurance requirements, and demonstrate satisfactory financial standing through two years of audited accounts or equivalent; a banker’s letter may support a newer business. Named staff and their qualifications are required. Community benefits include offering skills and training, such as mentoring, apprenticeships and structured learning pathways.

How relevant is this notice?

Notice Information

Notice Title

The Provision of Investment Management Services for the Scottish Universities Fund Ignition Strategy

Notice Description

The Bank is seeking proposals from suitably qualified and authorised investment management firms to establish and manage a 15 million GBP segregated investment mandate for the delivery of the Scottish Universities Ignition Fund Strategy ("the Mandate"). The successful bidder will be expected to establish and operate an appropriate investment vehicle through which the Mandate will be delivered, with the Bank acting as the sole investor. The Mandate forms one of two complementary investment strategies within the Scottish Universities Fund ("SUF"), a broader investment platform designed to support the creation, growth and long-term scaling of university-originated companies in Scotland. The purpose of this Invitation to Tender (ITT) is to appoint an investment manager with delegated discretion to manage the Mandate in accordance with an agreed Investment Management Contract and the requirements set out in this ITT.

Lot Information

Lot 1

The Bank is seeking proposals from suitably qualified and authorised investment management firms to establish and manage a 15 million GBP segregated investment mandate for the delivery of the Scottish Universities Ignition Strategy ("the Mandate"). The successful bidder will be expected to establish and operate an appropriate investment vehicle through which the Mandate will be delivered, with the Bank acting as the sole investor. The Mandate forms one of two complementary investment strategies within the Scottish Universities Fund ("SUF"), a broader investment platform designed to support the creation, growth and long-term scaling of university-originated companies in Scotland. The purpose of this Invitation to Tender (ITT) is to appoint an investment manager with delegated discretion to manage the Mandate in accordance with an agreed Investment Management Contract and the requirements set out in this ITT.

Renewal: 2 x 12 month extension periods

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0784ff
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/095775-2026
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
£6,500,000 £1M-£10M
Lots Value
£6,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
10 Nov 20263 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

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

JSON Markdown

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.

Loading OCDS record...