---
title: "The Provision of Investment Management Services for the Scottish Universities Fund Ignition Strategy"
ocid: "ocds-h6vhtk-0784ff"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0784ff"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0784ff.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0784ff.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "Scottish National Investment Bank"
published: "2026-10-09"
---

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

Buyer: Scottish National Investment Bank  
Current stage: Tender  
OCID: ocds-h6vhtk-0784ff

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## Summary

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.

## Notice

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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/095775-2026 |
| 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 | 9 Oct 2026 |
| Submission deadline | 10 Nov 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £6,500,000 |
| Lots value | £6,500,000 |
| 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 |
| Postcode area | 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

- 9 Oct 2026 at 15:37 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/095775-2026

## Notice URLs

- http://www.publiccontractsscotland.gov.uk
- http://www.thebank.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000840049
- https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/
- https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=840049
- https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=840049
- 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-0784ff. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0784ff.json.