Definitive Contract 16PBGC24C0033
- Not listed
- This is a definitive contract awarded by the Pension Benefit Guaranty Corporation (PBGC), a civilian agency, to Longfellow Investment Management Co., LLC, a woman-owned small business. The $2,408,000.00 fixed-price contract is for portfolio management services and has an ultimate completion date of December 31, 2021. The contract was awarded on July 1, 2016, and does not have a set-aside designation. Longfellow Investment Management Co., LLC specializes in providing asset management and...
- The Pension Benefit Guaranty Corporation awarded a definitive contract for asset management services to Longfellow Investment Management Co., LLC, a for-profit, woman-owned limited liability company. The firm fixed price contract has a potential value of $320,880 and runs through December 31, 2023. Performance will take place in Fort Lesley J. McNair, District of Columbia. No set-aside designation was used for this award to support the PBGC's management of pension plan assets. Longfellow...
- The Pension Benefit Guaranty Corporation awarded a $973,877 definitive contract to Longfellow Investment Management Co., LLC for the SMALLER ASSET MANAGERS PILOT PROGRAM. The firm fixed price contract has a period of performance starting January 1, 2022 through June 30, 2023 and will be performed in Washington, DC. Longfellow Investment Management Co., LLC will provide asset management services as the prime contractor for this pilot program exploring investment options for smaller pension...
- The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract to National Investment Services of America, LLC for portfolio management services on January 1, 2024. This contract represents the exercise of option period two under an existing agreement, with a ceiling value of $1.49M and a firm fixed price structure. The work will be performed in Washington, DC, with an ultimate completion date of December 31, 2034. No set-aside designation was applied to this award. National...
- The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a $1,485,000.00 firm-fixed-price definitive contract to LM Capital Group, LLC for portfolio management services. The contract was awarded on July 1, 2016 and has an ultimate completion date of December 31, 2021. The contract does not have a set-aside designation. LM Capital Group, LLC is a minority-owned, for-profit limited liability company. This contract award does not appear to be associated with a larger...
- The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive firm fixed price contract to Pugh Capital Management Inc., a minority-owned, woman-owned small business based in Seattle, Washington, on January 1, 2024. The contract, valued at $3.04 million with a completion date of December 31, 2033, covers portfolio management and investment advice services. This award includes the deobligation of expired funds from the previous fiscal year and the addition of an alternate Contracting...
- The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract to Merganser Capital Management, LLC for portfolio management and investment advice services. This bilateral modification deobligates expired funds from the base period of the contract. The award was made on January 1, 2024, with an ultimate completion date of December 31, 2034, and carries a ceiling value of $2.86 million. The contract utilizes firm fixed price pricing and includes no set-aside designation. Services...
- The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a $2.55M firm fixed price definitive contract to New Century Advisors LLC for portfolio management services. The contract, which commenced January 1, 2024, and extends through December 31, 2033, carries no set-aside designation and was awarded competitively following a special notice solicitation posted in October 2022. New Century Advisors LLC is a self-certified woman-owned small disadvantaged business...
- The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract to Ramirez Asset Management, Inc. on January 1, 2024, for portfolio management services. This firm fixed-price contract, valued at approximately $2.31 million, will extend through December 31, 2033, and will be performed in Washington, DC. The contract was competitively solicited through a special notice posted in October 2022 and carries no set-aside designation. The primary objective of this engagement is to...
- The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract with a ceiling value of $611.6 million to Western Asset Management Co, LLC for portfolio management services. The award, dated April 1, 2016, carries an ultimate completion date of March 31, 2025, and is structured as a firm fixed-price engagement performed in Washington, DC. No small business set-aside was utilized for this contract award. The contract is currently undergoing de-obligation of excess funds from...
The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract valued at $2.49M to Longfellow Investment Management Co., LLC on January 1, 2024, for portfolio management and investment advice services. This firm fixed-price contract, which runs through December 31, 2034, includes the deobligation of expired FY 2024 funds and was awarded without a set-aside designation following open competition. The work will be performed in Washington, DC, and represents the continuation of PBGC's engagement with Longfellow, a woman-owned small business that has consistently supported the agency's investment management initiatives since 2015. Longfellow Investment Management Co., LLC specializes in providing asset management and investment advisory services to federal pension programs. The contractor has previously participated in PBGC's Smaller Asset Managers Pilot Program and Smaller Asset Manager Program, delivering fixed income management services and investment options for pension plans. This latest award reflects PBGC's confidence in the firm's capabilities and commitment to long-term strategic partnership in managing pension assets and advancing diversified investment management strategies across the federal pension system.
Name | Description | Solicitation Number | FederalAgency | Type | PostedDate |
|---|---|---|---|---|---|
PBGC Smaller Asset Managers Program (SAMP) - Synopsis | 16PBGC-23-R-0001 | Pension Benefit Guaranty Corporation | Pre-Solicitation 2/3 | 12/20/22, 6:05 PM | |
Pension Benefit Guaranty Corporation (PBGC) – Smaller Asset Manager Program (SAMP) Virtual Industry Day | Pension Benefit Guaranty Corporation | Special Notice 1/3 | 10/25/22, 2:52 PM | ||
PBGC Smaller Asset Managers Program (SAMP) - Solicitation | 16PBGC-23-R-0001 | Pension Benefit Guaranty Corporation | Solicitation 3/3 | 12/23/22, 3:32 PM |
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| P00005 | Funding Only Action | ($6k) | 2/2/26 | |
| P00004 | Exercise an Option | $900.0k | 12/3/25 | |
| P00003 | Exercise an Option | $840.0k | 10/22/24 | |
| P00002 | Supplemental Agreement for work within scope | $10.0k | 9/18/24 | |
| P00001 | Supplemental Agreement for work within scope | $650.0k | 2/15/24 |