--- title: "The Provision of Alternative Investment Fund Manager('AIFM') Services and Administration and Depositary Services" ocid: "ocds-r6ebe6-0000835049" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000835049" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000835049.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000835049.json" source: "Public Contracts Scotland" 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-r6ebe6-0000835049 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000835049) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000835049.json) ## Summary The Scottish National Investment Bank is inviting tenders for the provision of Alternative Investment Fund Manager (AIFM) services, along with administration and depositary services. This initiative is aimed at launching a small number of UK-domiciled, non-retail unregulated collective investment schemes targeted at institutional investors. The project is aligned with the economic affairs sector and takes place in Edinburgh, UK. The procurement process is currently in the tender stage with an open procedure being followed. Key dates include a tender end date of 20th July 2026, and the award period commencing on the same day. The estimated contract value, considering optional extensions, is £2.8 million over a total of six years. This tender offers a significant opportunity for businesses specialising in financial management, specifically those experienced with hosted AIFM and associated fund administration services. Ideal candidates are firms with a robust track record in managing institutional investments and the necessary regulatory permissions from the Financial Conduct Authority. The contracted services may lead to substantial growth through regulatory oversight, risk management, and extensive operational infrastructure development required for managing investment funds. Companies with expertise in both fund administration and depositary services, including those equipped to accommodate the complexities of private markets, are well-positioned to compete for this opportunity. With a focus on quality and service delivery management, this contract offers engaging prospects for firms looking to expand their services to high-profile institutional clients. ## 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.. 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 | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN558290 | | Notice type | OJEU - F2 - Contract 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 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN558290 ## Documents - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN558290 The Provision of Alternative Investment Fund Manager('AIFM') Services and Administration and Depositary Services - 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. ## Notice URLs - http:// - http://www.publiccontractsscotland.gov.uk - http://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=835049 - http://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx - 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 ## 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-r6ebe6-0000835049. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000835049.json.