---
title: "The Provision of Alternative Investment Fund Manager('AIFM') Services and Administration and Depositary Services"
ocid: "ocds-h6vhtk-06b87a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06b87a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b87a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06b87a.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "SCOTTISH NATIONAL INVESTMENT BANK"
published: "2026-06-18"
---

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

Buyer: SCOTTISH NATIONAL INVESTMENT BANK  
Current stage: Tender  
OCID: ocds-h6vhtk-06b87a

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## Summary

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.

## Notice

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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/057766-2026 |
| 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 |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Jun 2026 |
| Submission deadline | 20 Jul 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | 5 years |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,800,000 |
| Lots value | £2,800,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## 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 | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 18 Jun 2026 at 16:03 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/057766-2026

## Notice URLs

- http://www.publiccontractsscotland.gov.uk
- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000835049
- https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/
- https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=835049
- https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=835049
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA30487
- https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx

## 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-06b87a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06b87a.json.