The Provision of Investment Management Services for the Scottish Universities Fund Ignition Strategy
Scottish National Investment Bank
Key details
Procurement
- 66100000 Banking and investment services
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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.
Additional information
Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.
Within the SPD, Tenderers should respond “yes” where they have been the subject of any enforcement action, restriction or other sanction or intervention by the Financial Conduct Authority or any other regulator and then provide an explanation in response to questions 3D10.1 to 3D10.4
How to engage
Suitability – Authorisation or Membership Please complete “Suitability - Authorisation or Membership” question within the SPD module of PCS: Question 4A.2A - Bidders are required in country of establishment to hold an authorisation of the FCA and all required FCA permissions to perform the services. Pass = The Tenderer has provided confirmation that it will provide evidence of holding an authorisation of the FCA and all required FCA permissions to perform the services when requested by the Purchaser. Fail = The Tenderer has not provided confirmation .that it will provide evidence of holding an authorisation of the FCA and all required FCA permissions to perform the services when requested by the Purchaser. Please complete “Insurance Requirements” on the online SPD and submit on PCS. It is a requirement that all Tenderers must have or commit to have the required insurance levels at commencement of the Agreement as indicated below. Question 4B.5.a Professional Risk Indemnity - 10m GBP Question 4B.5.b Employers Liability - 10m GBP Question 4B.5.c Other Insurances: Product and Public Liability – 5m GBP A copy of the Insurance Certificate or Brokers Letter must be provided prior to award to demonstrate that the Insurance requirements can be met. Please confirm that you can meet this requirement and that this information shall be provided when requested, prior to award. Other Economic or Financial Requirements - Financial Accounts Question 4B.6 - The successful Tenderer will be required to provide two years of audited accounts or equivalent prior to award to the Contract. If you are unable to provide the required accounting information – e.g. a new business without the required accounts, please provide a banker’s letter demonstrating their willingness to support your organisation over the term of the Contract. The Bank shall assess the financial accounts or banker’s letter submitted. It may seek further clarity if necessary and use all financia
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External ID: pcs-ocds-r6ebe6-0000840049 • Added 9 October 2026