SAM #16PBGC26P0009

PBGC sole-source bridge for fixed-income portfolio management

PBGC is seeking a sole-source bridge to continue management of its Trust Fund fixed-income portfolios while it completes a competitive replacement procurement. - Opportunity: The Pension Benefit Guaranty Corporation (PBGC), through its Procurement Department for the Corporate Investments Department, intends to award a bridge contract to Goldman Sachs Asset Management, L.P. - Services: Active investment management and related oversight, trading, risk management, and compliance monitoring for the PBGC Trust Fund’s Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt portfolios. - The portfolios are to be managed in accordance with PBGC investment guidelines and risk parameters, with the objective of exceeding their respective benchmarks. - Bridge purpose: Avoid a lapse in investment-management services while PBGC conducts a competitive procurement for a replacement contract. - Period: Anticipated six-month performance period, with an optional three-month extension. The current contract ends September 30, 2026; the bridge is described as beginning September 30, 2026, and may run for up to nine months. A replacement award is anticipated around March 2027. - Pricing and quantities: The attachment summary does not state an estimated total cost, portfolio asset amounts, service quantities, or product part numbers.

Description

This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0009 to Goldman Sachs Asset Management awarded on September 25, 2026.

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

View original listing