SAM #16PBGC26P0008

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

PBGC published a justification supporting a sole-source bridge contract for continued management of its fixed-income investment portfolios. - Agency and purpose - The Pension Benefit Guaranty Corporation (PBGC), through its Procurement Department for the Corporate Investments Department, seeks a bridge contract with Wellington Management Company LLP. - The contract is intended to avoid a lapse in investment services while PBGC completes a competitive acquisition. - Requested services - Active management of PBGC Trust Fund fixed-income portfolios, including Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt strategies. - Services include portfolio construction to seek returns above applicable benchmarks, along with oversight, trading, risk management, and compliance monitoring under PBGC investment guidelines. - Schedule - Services are needed beginning September 30, 2026, when the current contract ends. The planned bridge award is August 2026. - The anticipated period is six months, with an optional three-month extension; the justification describes a bridge of up to nine months. PBGC estimates the competitive replacement contract will be awarded in March 2027. - Competition and disclosure - The notice is a justification for other than full and open competition; the attached, fully executed justification provides the rationale and further details. - No quantities, part numbers, or contract value are stated in the provided information.

Description

This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0008 to WELLINGTON MANAGEMENT COMPANY LLP awarded on September 25, 2026.

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

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