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Invitation to tender

Norges Bank Investment Management awards investment mandates to external equity managers.

About the mandates

We award long-only listed equity mandates within specific areas.  We consider start-up products and mandates without a track record.

The typical initial funding for each mandate is USD 50-250 million.

This is an open invitation to tender and there is no deadline for submission. Please be advised that due to the significant volume of tender applications, we are unable to respond individually to each application. However, every submitted application will be reviewed and those of priority will be contacted.

Mandates we are currently searching for

Emerging markets – single country mandates

China offshore, China onshore, Taiwan, India, Indonesia, Malaysia, Thailand, Philippines
GCC, Egypt,South Africa
Poland, Turkey, Israel, Greece
Brazil, Mexico, Chile, Colombia/Peru

Emerging companies/Regional mandates

Latin America, Southeast Asia, Central and Eastern Europe

Developed markets – Single country small cap mandates

Japan, South Korea, Australia, New Zealand, Singapore
France, Germany, Italy, Spain/Portugal, Switzerland, United Kingdom

Developed markets – Early stage managers mandates

Broad mandates: Europe and Europe ex UK
Narrow mandates: Sector or sub-sector related

Mandates not considered

We do not consider mandates in non-listed and private equity, option strategies, balanced strategies, convertibles and fund of funds.

Submit application


Please fill out this Questionnaire (Word) and the Portfolio holdings Q13 (Excel)

Send the application to

State the name of your firm and the mandate you are applying for in the subject heading of the e-mail.

Please note

Please do not include Norges Bank Investment Management on performance updates or other distribution lists.

Last saved: 27/02/2019