SAM #16PBGC26P0012

PBGC sole-source bridge contract for fixed-income investment management

PBGC published a sole-source justification for a temporary bridge contract to keep active management of its fixed-income portfolios in place while it completes a competitive replacement acquisition. - Notice and contract: Justification for Other Than Full and Open Competition associated with contract 16PBGC26P0012; PBGC identifies Allspring Global Investments LLC as the bridge contractor. - Requirement: Active management and related services for PBGC fixed-income portfolios, aiming to earn returns above portfolio benchmarks while following investment guidelines and risk limits. - Strategies may include Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt. - Purpose and competition: The bridge is intended to prevent a lapse in portfolio management while PBGC completes a competitive replacement acquisition. - Schedule: The current contract ends September 30, 2026. The bridge award is projected for August 2026 and is described as a six-month period with an optional three-month extension, for up to nine months. The replacement award is estimated for March 2027. - Unspecified details: The notice and attachment summary do not provide quantities, part numbers, or an estimated contract value.

Description

This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0012 to ALLSPRING GLOBAL INVESTMENTS LLC awarded on September 25, 2026.

For additional information please see attached Justification for Other Than Full and Open Competition.

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