Illinois BidBuy #27-560IFA-IFA56-B-53232

Award for Investment Management Services to Mainstreet Investment Advisors

This award notice details the selection of Mainstreet Investment Advisors by the Illinois Finance Authority for investment management services: - Government Buyer: - Illinois Finance Authority (IFA560) - Located in Chicago, Cook County, Illinois - OEMs and Vendors: - Mainstreet Investment Advisors (service provider) - Products/Services Requested: - Pooled fixed income investment management services - Includes legal and financial services related to bond issuance - Fee structure: 5 basis points on the aggregated market value of assets - No part numbers or specific product quantities, as this is a service contract - Unique/Notable Requirements: - Procurement is exempt from the Illinois Procurement Code - Contract covers management of pooled fixed income assets for the authority - Service period extends through July 31, 2027

Description

This notice is for the award of investment management services to Mainstreet Investment Advisors for the Illinois Finance Authority. The contract covers pooled fixed income investment management from August 1, 2026, through July 31, 2027. The fee schedule is set at 5 basis points on the aggregated market value of assets and remains in effect through July 31, 2027. The procurement is exempt from the Illinois Procurement Code and includes legal and financial services related to bond issuance.

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