Invitation to tender

Norges Bank Investment Management awards investment mandates to equity managers.

Areas where we award equity mandates to specialists

  • Specific countries in emerging or frontier markets
  • Small-cap companies in specific countries in developed markets
  • Sector specialist mandates

The equity mandates are long-only investments in listed equities. We consider start-up products and mandates without a track record.

The typical initial funding for each mandate is USD 50-300 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


China, China A-shares, India, Indonesia, Malaysia, Thailand, Philippines, Japan Small Cap, Korea Small Cap, Australia Small Cap, New Zealand, Singapore Small cap.

Middle East and Africa

Saudi Arabia, GCC, Egypt, Morocco, Sub-Saharan Africa, South Africa, Israel.


Russia, Frontier Europe, Poland, Ireland, Austria, Greece, Portugal, France Small Cap, Spain Small Cap, Switzerland Small Cap.


Brazil, Colombia, Mexico, Peru.

Sector Specialists

Healthcare, Technology, TMT

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 [email protected].

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