New York State Contract Reporter #2140196

NYSIF private placement credit asset manager services

The New York State Insurance Fund is seeking specialist asset managers for investment-grade private placement credit mandates. - Government buyer: New York State Insurance Fund (NYSIF), Procurement Unit. - Services requested: Asset management for investment-grade private placement corporate and infrastructure credit, and investment-grade private placement asset-backed credit. Firms may propose for one or both mandates; NYSIF anticipates multiple awards. - OEMs and named vendors: None identified; this is a financial asset-management services procurement, not a purchase of manufactured products. - Contract term: Five years, with two optional one-year extensions. - Notable requirements: Firms must be qualified to manage the applicable investment-grade private placement mandate. Detailed requirements are in the RFP.

Description

NYSIF seeks proposals from qualified firms to provide Private Placement Asset Manager Services. Asset managers will handle one or more mandates covering investment-grade private placement corporate and infrastructure credit, and investment-grade private placement asset-backed credit. NYSIF anticipates awarding multiple contracts, with a five-year term and two one-year extension options. Proposals are due December 16, 2026, at 2:00 p.m. ET; the RFP contains the calendar of events.

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