---
title: "Scottish National Investment Bank - Investment Management System"
ocid: "ocds-h6vhtk-039417"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-039417"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-039417.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-039417.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SCOTTISH NATIONAL INVESTMENT BANK"
published: "2022-12-23"
---

# Scottish National Investment Bank - Investment Management System

Buyer: SCOTTISH NATIONAL INVESTMENT BANK  
Current stage: Award  
OCID: ocds-h6vhtk-039417

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## Summary

The Scottish National Investment Bank recently completed a procurement process for an Investment Management System. The system is designed to manage a live investment portfolio consisting of debt, direct equity, and fund investments. The Bank aims to grow its portfolio to around 200 assets worth over GBP 2 billion in the next ten years. The procurement included two Lots, one for Fund Administration and one for Portfolio Management. The Bank's preference is for remote hosting or software as a service.

This tender by the Scottish National Investment Bank provides business opportunities for companies offering investment management software development services. Businesses well-suited to compete are those with experience in providing end-to-end management systems for investment portfolios. The Bank's focus on expanding its asset base and managing diverse investment instruments through a scalable system opens doors for software development firms specialising in investment management solutions and looking to engage with a high-profile financial institution like the Scottish National Investment Bank.

## Notice

An end to end management system enabling the maintenance and monitoring of a live investment portfolio, including debt, direct equity and fund investment styles.

### Lot Information

Fund Administration

Background and system purpose - The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Preference is for remote hosting / software as a service.

Portfolio Management

Background and system purpose - The Scottish National Investment Bank (the "Bank") is looking to procure an investment management system to maintain its live investment portfolio, c. 16 assets, GBP200m commitment to date, rising to c. 200 assets, GBP2bn+ deployed over the course of ten years. The Bank's expectation is that the assets / AUM level would be c. 100 investments / GBP1bn at the end of the Investment Management System's initial four-year contract period, with the investment count / AUM increasing smoothly over that period. The Bank's investments will comprise debt, direct equity and fund investments and blends of these instruments. The system will initially be set up to host a single legal entity, Scottish Investments Limited, which holds these assets directly, however the system should be scalable to allow for additional legal entities / investors over time. The Bank is a new entity (established November 2020) and so data migration efforts will be minimal. The system will be expected primarily to support the operations and reporting requirements of the Bank's Impact, Portfolio Management, and Investment Operations teams. Note that the Bank is looking for an optimal solution to perform both fund administration and portfolio / impact management functions. This may be achieved through the employment of one or two systems and the Bank will be looking to source the best solution in aggregate, hence the requirements are divided into 2 Lots, one for Fund Administration, and two for Portfolio Management. Bank System Architecture and user base Preference is for remote hosting / software as a service.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/036521-2022 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Dec 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 13 Oct 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £702,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH NATIONAL INVESTMENT BANK |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH1 3EG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh East and Musselburgh |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | FIS GLOBAL; PORTF.IO |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48411000 - Investment management software package
- 72212411 - Investment management software development services

## Release History

- 23 Dec 2022 at 12:11 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/036521-2022

## Notice URLs

- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000695606
- https://ted.europa.eu/udl?uri=TED:NOTICE:190853-2022:TEXT:EN:HTML
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA30487

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-039417. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-039417.json.