PBGC01-RP-15-0015.pdf

RFQ IFB RFP

WOMEN-OWNED SMALL BUSINESS

(WOSB) ELIGIBLE UNDER THE WOMEN-OWNED

SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS

OFFEROR TO COMPLETE BLOCKS 12, 17, 23, 24, & 30

1. REQUISITION NUMBER PAGE OF

2. CONTRACT NO. 3. AWARD/EFFECTIVE

DATE

4. ORDER NUMBER 5. SOLICITATION NUMBER 6. SOLICITATION ISSUE

DATE

7. FOR SOLICITATION

INFORMATION CALL:

a. NAME b. TELEPHONE NUMBER (No collect calls)

8. OFFER DUE DATE/

LOCAL TIME

9. ISSUED BY

13b. RATING

14. METHOD OF SOLICITATION

CODE

15. DELIVER TO 16. ADMINISTERED BY CODE

18a. PAYMENT WILL BE MADE BY CODEFACILITY

CODE

CODE

TELEPHONE NO.

17b. CHECK IF REMITTANCE IS DIFFERENT AND PUT SUCH ADDRESS IN

OFFER

18b. SUBMIT INVOICES TO ADDRESS SHOWN IN BLOCK 18a UNLESS BLOCK

BELOW IS CHECKED

SEE ADDENDUM

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE

24.

AMOUNT

(Use Reverse and/or Attach Additional Sheets as Necessary)

25. ACCOUNTING AND APPROPRIATION DATA 26. TOTAL AWARD AMOUNT (For Govt. Use Only)

28. CONTRACTOR IS REQUIRED TO SIGN THIS DOCUMENT AND RETURN

DELIVER ALL ITEMS SET FORTH OR OTHERWISE IDENTIFIED ABOVE AND ON ANY

ADDITIONAL SHEETS SUBJECT TO THE TERMS AND CONDITIONS SPECIFIED

29. AWARD OF CONTRACT: REF.

DATE . YOUR OFFER ON SOLICITATION

(BLOCK 5), INCLUDING ANY ADDITIONS OR CHANGES WHICH ARE

SET FORTH HEREIN, IS ACCEPTED AS TO ITEMS:

30a. SIGNATURE OF OFFEROR/CONTRACTOR

30b. NAME AND TITLE OF SIGNER (Type or print) 30c. DATE SIGNED

31a. UNITED STATES OF AMERICA (SIGNATURE OF CONTRACTING OFFICER)

31b. NAME OF CONTRACTING OFFICER (Type or print) 31c. DATE SIGNED

AUTHORIZED FOR LOCAL REPRODUCTION

PREVIOUS EDITION IS NOT USABLE

STANDARD FORM 1449 (REV. 2/2012)

Prescribed by GSA - FAR (48 CFR) 53.212

COPIES TO ISSUING OFFICE. CONTRACTOR AGREES TO FURNISH AND

OFFER

13a. THIS CONTRACT IS A

RATED ORDER UNDER

DPAS (15 CFR 700)

11. DELIVERY FOR FOB DESTINA-

TION UNLESS BLOCK IS

MARKED

SEE SCHEDULE

12. DISCOUNT TERMS

ARE ARE NOT ATTACHED

ARE ARE NOT ATTACHED

27a. SOLICITATION INCORPORATES BY REFERENCE FAR 52.212-1, 52.212-4. FAR 52.212-3 AND 52.212-5 ARE ATTACHED. ADDENDA

27b. CONTRACT/PURCHASE ORDER INCORPORATES BY REFERENCE FAR 52.212-4. FAR 52.212-5 IS ATTACHED. ADDENDA

17a CONTRACTOR/

OFFEROR.

CODE

8 (A)

SIZE STANDARD:

NAICS:

% FOR:SET ASIDE:UNRESTRICTED OR

SERVICE-DISABLED

VETERAN-OWNED

SMALL BUSINESS

HUBZONE SMALL

BUSINESS

SMALL BUSINESS

10. THIS ACQUISITION IS

EDWOSB

SMALL BUSINESS PROGRAM

STANDARD FORM 1449 (REV. 2/2012) BACK

19.

ITEM NO.

20.

SCHEDULE OF SUPPLIES/SERVICES

21.

QUANTITY

22.

UNIT

23.

UNIT PRICE

24.

AMOUNT

32a. QUANTITY IN COLUMN 21 HAS BEEN

RECEIVED INSPECTED ACCEPTED, AND CONFORMS TO THE CONTRACT, EXCEPT AS NOTED:

41a. I CERTIFY THIS ACCOUNT IS CORRECT AND PROPER FOR PAYMENT

32b. SIGNATURE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32c. DATE

41b. SIGNATURE AND TITLE OF CERTIFYING OFFICER 41c. DATE

42a. RECEIVED BY (Print)

42b. RECEIVED AT (Location)

42c. DATE REC'D (YY/MM/DD) 42d. TOTAL CONTAINERS

40. PAID BY

32d. PRINTED NAME AND TITLE OF AUTHORIZED GOVERNMENT

REPRESENTATIVE

32e. MAILING ADDRESS OF AUTHORIZED GOVERNMENT REPRESENTATIVE 32f. TELPHONE NUMBER OF AUTHORZED GOVERNMENT REPRESENTATIVE

32g. E-MAIL OF AUTHORIZED GOVERNMENT REPRESENTATIVE

33. SHIP NUMBER 34. VOUCHER NUMBER 35. AMOUNT VERIFIED

CORRECT FOR

PARTIAL FINAL

37. CHECK NUMBER

38. S/R ACCOUNT NO. 39. S/R VOUCHER NUMBER

36. PAYMENT

COMPLETE PARTIAL FINAL

SCHEDULE Continued

ITEM NO. SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT

PAGE 3 OF 85 PBGC01-RP-15-0015

0001 See Section B for more information on the Pricing Schedule

1.00 EA

Table of Contents

PAGE 4 OF 85 PBGC01-RP-15-0015

SECTION B SUPPLIES OR SERVICES AND PRICES/COSTS

B. 1 Section B

SECTION C DESCRIPTION/SPECIFICATIONS/WORK STATEMENT

C. 1 Section C

SECTION D PACKAGING AND MARKING

D. 1 PBGC-11 004 PACKAGING AND MARKING (JAN 2012)

D. 2 PBGC-46-001 INSPECTION AND ACCEPTANCE OF DELIVERABLES (JAN 2012)

SECTION E INSPECTION AND ACCEPTANCE

E. 1 52.246-6 INSPECTION--TIME-AND-MATERIAL AND LABOR-HOUR (MAR 2001)

SECTION G CONTRACT ADMINISTRATION DATA

G. 1 PBGC-32-004 SUBMISSION OF INVOICES (JAN 2012)

G. 2 PBGC-42-001 CONTRACTING OFFICER'S REPRESENTATIVE (JAN 2012)

G. 3 PBGC-42-002 OBSERVANCE OF LEGAL HOLIDAYS (JAN 2012)

SECTION H SPECIAL CONTRACT REQUIREMENTS

H. 1 PBGC-03-001 CONFIDENTIALITY OF INFORMATION (OCT 2004)

H. 2 PBGC-03-002 ORGANIZATIONAL CONFLICTS OF INTEREST (OCT 2004)

H. 3 PBGC-04-007 MANAGEMENT AND RETENTION OF PBGC RECORDS (SEP 2014)

H. 4 PBGC-09-001 RESTRICTIONS AGAINST DISCLOSURE OF INFORMATION (JAN 2012)

H. 5 PBGC-31-004 AGENCY AWARENESS TRAINING (JAN 2012)

H. 6 PBGC-37-001 KEY PERSONNEL (MAR 2012)

SECTION I CONTRACT CLAUSES

I. 1 52.202-1 DEFINITIONS (NOV 2013)

I. 2 52.203-5 COVENANT AGAINST CONTINGENT FEES (MAY 2014)

I. 3 52.203-6 I RESTRICTIONS ON SUBCONTRACTOR SALES TO THE GOVERNMENT (SEP 2006)-- ALTERNATE I

(OCT 1995)

I. 4 52.203-7 ANTI-KICKBACK PROCEDURES (MAY 2014)

I. 5 52.204-4 PRINTED OR COPIED DOUBLE-SIDED ON POSTCONSUMER FIBER CONTENT PAPER (MAY 2011)

I. 6 52.204-9 PERSONAL IDENTITY VERIFICATION OF CONTRACTOR PERSONNEL (JAN 2011)

I. 7 52.212-4 CONTRACT TERMS AND CONDITIONS--COMMERCIAL ITEMS (MAY 2014)

I. 8 52.212-4 I CONTRACT TERMS AND CONDITIONS--COMMERCIAL ITEMS (MAY 2014)--ALTERNATE I (MAY

2014)

I. 9 52.216-31 TIME-AND-MATERIALS/LABOR-HOUR PROPOSAL REQUIREMENTS -- COMMERCIAL ITEM ACQUISITION

(FEB 2007)

I. 10 52.222-17 {52.222-17} NONDISPLACEMENT OF QUALIFIED WORKERS (MAY 2014)

I. 11 52.232-9 LIMITATION ON WITHHOLDING OF PAYMENTS (APR 1984)

I. 12 52.233-3 PROTEST AFTER AWARD (AUG 1996)

I. 13 52.237-2 PROTECTION OF GOVERNMENT BUILDINGS, EQUIPMENT, AND VEGETATION (APR 1984)

I. 14 52.242-13 BANKRUPTCY (JUL 1995)

I. 15 52.244-6 SUBCONTRACTS FOR COMMERCIAL ITEMS (OCT 2014)

I. 16 52.203-17 CONTRACTOR EMPLOYEE WHISTLEBLOWER RIGHTS AND REQUIREMENT TO INFORM EMPLOYEES OF

WHISTLEBLOWER RIGHTS (APR 2014)

I. 17 52.212-5 CONTRACT TERMS AND CONDITIONS REQUIRED TO IMPLEMENT STATUTES OR EXECUTIVE ORDERS--

COMMERCIAL ITEMS (OCT 2014)

I. 18 52.217-8 OPTION TO EXTEND SERVICES (NOV 1999)

I. 19 52.217-9 OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

Table of Contents

PAGE 5 OF 85 PBGC01-RP-15-0015

I. 20 52.222-50 COMBATING TRAFFICKING IN PERSONS (FEB 2009)

I. 21 52.225-25 PROHIBITION ON CONTRACTING WITH ENTITIES ENGAGING IN CERTAIN ACTIVITIES OR

TRANSACTIONS RELATING TO IRAN--REPRESENTATION AND CERTIFICATIONS (DEC 2012)

I. 22 52.232-7 PAYMENTS UNDER TIME-AND-MATERIALS AND LABOR-HOUR CONTRACTS (AUG 2012)

I. 23 52.232-39 UNENFORCEABILITY OF UNAUTHORIZED OBLIGATIONS (JUNE 2013)

I. 24 52.232-40 PROVIDING ACCELERATED PAYMENTS TO SMALL BUSINESS SUBCONTRACTORS (DEC 2013)

I. 25 52.233-4 APPLICABLE LAW FOR BREACH OF CONTRACT CLAIM (OCT 2004)

I. 26 52.243-3 CHANGES--TIME-AND-MATERIALS OR LABOR-HOURS (SEP 2000)

I. 27 52.244-2 SUBCONTRACTS (OCT 2010)

I. 28 52.252-2 CLAUSES INCORPORATED BY REFERENCE (FEB 1998)

SECTION J LIST OF ATTACHMENTS

J. 1 Attachment A

J. 2 Attachment B

SECTION K REPRESENTATIONS, CERTIFICATIONS AND OTHER STATEMENTS OF OFFERORS

K. 1 52.209-5 CERTIFICATION REGARDING RESPONSIBILITY MATTERS (APR 2010)

K. 2 52.209-7 INFORMATION REGARDING RESPONSIBILITY MATTERS (JULY 2013)

K. 3 52.212-3 OFFEROR REPRESENTATIONS AND CERTIFICATIONS--COMMERCIAL ITEMS (OCT 2014)

K. 4 52.222-25 AFFIRMATIVE ACTION COMPLIANCE (APR 1984)

K. 5 52.204-19

SECTION L INSTRUCTIONS, CONDITIONS, AND NOTICES TO OFFERORS

L. 1 52.212-1 INSTRUCTIONS TO OFFERORS--COMMERCIAL ITEMS (APR 2014)

L. 2 52.233-2 SERVICE OF PROTEST (SEP 2006)

L. 3 PBGC-15 011 REFERENCE AND EVALUATION (OCT 2004)

L. 4 Section L

SECTION M EVALUATION FACTORS FOR AWARD

M. 1 52.217-5 EVALUATION OF OPTIONS (JUL 1990)

M. 2 Section M

PAGE 6 OF 85 PBGC01-RP-15-0015

SECTION B

SUPPLIES OR SERVICES AND PRICES/COSTS

B. 1 Section B

NOTICE TO OFFERORS

The Pension Benefit Guaranty Corporation (“PBGC” or the “Corporation”) contemplates issuance of a hybrid Labor Hour (LH) and Variable Quantity/Fixed Rate Contract for services in support of the Private Markets Monitoring Services for the Corporate Investments Department (CID). The Contractor shall provide the personnel and services necessary to perform the effort described within Section C, the Statement of Work (SOW) for the Private Markets Monitoring Services.

B.1 Private Markets Monitoring Services Pricing Offerors shall provide prices for the base year and option years for: Per-Partnership Annual Fee and Asset Based Fee, Disposition Fee, and Consulting Services, as set forth below. PBGC has provided pricing assumptions below. These assumptions should be used by the Offerors in calculating pricing. The Offeror’s total annual price per year of the contract as well as annual price per service will be used for price evaluation purposes only. Offerors are required to provide a unit price fixed rate for each optional service listed in Section B of the contract. The Offeror’s proposed unit price fixed rate for the optional services shall be incorporated into the final contract upon award. The pricing assumptions provided by PBGC in the solicitation are not indicative of the work the Offerors can expect to receive on an annual basis under this contract.

Additionally, the exact dates for the Period of Performance will be determined at time of award.

SCHEDULE B – PRICING SCHEDULE

Base Year of Period of Performance (POP) for CLINs 0001-0003: August 31, 2015-August 30, 2016

Contract Type: Fixed Rate/Variable Quantity

CLIN 0001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________

B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

Annual fee in % _____, on the balance.

PAGE 7 OF 85 PBGC01-RP-15-0015

OPTIONAL CLIN 0002 (Disposition Fee) Based on Estimated Total market value of assets of $10 M

Disposition fee in % _____, on first _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions (such as, but not limited to, legal expenses, labor hours and the repayment of any outstanding debt associated with the asset(s) [e.g. in the case of Real Estate])

Contract Type: Labor Hour OPTIONAL CLIN 0003 (Consulting Services) Services Quantity Unit Unit Price

(Rate) Estimated Total Amount

Consulting Services (Portfolio Manager)

100 Hour

Option Year One of Period of Performance for CLINS 1001-1003: August 31, 2016-August 30, 2017

CLIN 1001 (Per-Partnership Annual Fee and Asset Based Fee)

Total Partnerships 163

Estimated Price $__________

B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 1002 (Disposition Fee)

PAGE 8 OF 85 PBGC01-RP-15-0015

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 1003 (Consulting Services) Services Quantity Unit Unit Price

(Rate) Estimated Total Amount

Consulting Services (Portfolio

Option Year Two of Period of Performance for CLIN 2001-2003: August 31, 2017-August 30, 2018

CLIN 2001 (Per-Partnership Annual Fee and Asset Based Fee) A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 2002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

PAGE 9 OF 85 PBGC01-RP-15-0015

OPTIONAL CLIN 2003 (Consulting Services) Services Quantity Unit Unit Price

(Rate) Estimated Total Amount

Consulting Services (Portfolio

Option Year Three of Period of Performance for CLIN 3001-3003: August 31, 2018-August 30, 2019

CLIN 3001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 3002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 3003 (Consulting Services) Services Quantity Unit Unit Price Estimated

PAGE 10 OF 85 PBGC01-RP-15-0015

(Rate) Total Amount

Consulting Services (Portfolio

Option Year Four of Period of Performance for CLIN 4001-4003: August 31, 2019- August 30, 2020

CLIN 4001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 4002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 4003 (Consulting Services) Services Quantity Unit Unit Price

(Rate) Estimated Total Amount

Consulting Services (Portfolio

PAGE 11 OF 85 PBGC01-RP-15-0015

Option Year Five of Period of Performance for CLIN 5001-5003: August 31, 2020-August 30, 2021

CLIN 5001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 5002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 5003 (Consulting Services) Services Quantity Unit Unit Price

(Rate) Estimated Total Amount

Consulting Services (Portfolio

Option Year Six of Period of Performance for CLIN 6001-6003: August 31, 2021-August 30, 2022

CLIN 6001 (Per-Partnership Annual Fee and Asset Based Fee)

PAGE 12 OF 85 PBGC01-RP-15-0015

Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 6002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 6003 (Consulting Services)

Services Quantity Unit Unit Price (Rate)

Estimated Total Amount

Consulting Services (Portfolio

Option Year Seven of Period of Performance for CLIN 7001-7003: August 31, 2022-August 30, 2023

CLIN 7001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

PAGE 13 OF 85 PBGC01-RP-15-0015

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 7002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 7003 (Consulting Services)

Services Quantity Unit Unit Price (Rate)

Estimated Total Amount

Consulting Services (Portfolio

Option Year Eight of Period of Performance for CLIN 8001-8003: August 31, 2023-August 30, 2024

CLIN 8001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

PAGE 14 OF 85 PBGC01-RP-15-0015

OPTIONAL CLIN 8002 (Disposition Fee)

Disposition fee in % _____, on next _____ million (in dollars) in Net Sale Proceeds.

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 8003 (Consulting Services)

Services Quantity Unit Unit Price (Rate)

Estimated Total Amount

Consulting Services (Portfolio

Option Year Nine of Period of Performance for CLIN 9001-9003: August 31, 2024-August 30, 2025

CLIN 9001 (Per-Partnership Annual Fee and Asset Based Fee)

A. Per-Partnership*Annual Fee (Fixed Rate) expressed in US Dollars Total Partnerships 163

Estimated Price $__________ B. Asset Based Fee (ABF)* expressed as a percentage of assets assigned to the Offeror for monitoring: Variable Quantity/Fixed Rate

Based on Estimated Total market value of assets of $249 M

Annual fee in % _____, on first _____ million NAV (in dollars) in assets.

Annual fee in % _____, on next _____ million NAV (in dollars) in assets.

OPTIONAL CLIN 9002 (Disposition Fee)

PAGE 15 OF 85 PBGC01-RP-15-0015

Disposition fee in % _____, on the balance.

“Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions

OPTIONAL CLIN 9003 (Consulting Services)

Services Quantity Unit Unit Price (Rate)

Estimated Total Amount

Consulting Services (Portfolio

B.2 FEE SCHEDULE

Private Markets Monitoring Services

The Contractor will receive payment based upon one of two different fee structures. Offeror shall provide pricing for both fee structures. PBGC reserves the right to select the fee structure that is in the best interest of the Government at the time of award. For each subsequent option period, PBGC may elect the Asset Based Fee or the Per Partnership fee structure for that option period.

Either fee shall be inclusive of all the Private Markets Monitoring Services as discussed in Schedule C, Statement of Work, Section 1, Paragraphs 1-4, except Consulting Services. When providing the fee structure, the Contractor should take into account the make-up of the PBGC’s Private Markets Assets and should refer to Schedule C, Statement of Work for a description. The contractor may not charge an implementation fee (e.g., loading of partnership data into the Contractor’s database).

• Asset Based Fee (“ABF”) o The ABF will be charged on a calendar quarterly basis in arrears based upon the Net

Asset Value (NAV), as reported by PBGC’s custodian, of the specific Private Markets assets assigned to the Contractor for monitoring.

o The NAV shall generally be based upon the valuation provided by general partners. It is anticipated that PBGC’s custodians will provide the pricing for the majority of PBGC’s NAV, however, the Contractor is expected to also record valuations for reconciliation purposes. For each quarter, the Contractor will compute the quarter-end total NAV of the Private Markets assets assigned to the Contractor for monitoring before applying the ABF. For example, at the end of the March quarter, the Contractor will compute the total NAV of the Private Markets assets assigned to the Contractor for monitoring as of March 31. The contractor will then apply the ABF to the

PAGE 16 OF 85 PBGC01-RP-15-0015

computed March 31 total NAV and then divide by four to arrive at the invoiced amount for the March quarter.

o The Contractor may not invoice for any Private Market asset (and is not responsible for its oversight) until PBGC has provided the Contractor with written notice that PBGC has assigned the asset to the Contractor.

o The Contractor will also include a narrative clearly delineating what services are included under the ABF.

• Per-Partnership Fee o The Per-Partnership Fee is a fixed annual fee charged quarterly to the PBGC in arrears based on the number of Private Markets Limited Partnerships assigned to Contractor for monitoring at the end of the quarter. For example, at the end of the March quarter, the contractor will compute the number of active (as defined below) Private Markets Limited Partnerships assigned for monitoring as of March 31. The contractor will then apply the Per-Partnership Fee to the number of active Private Markets Limited Partnerships assigned for monitoring as of March 31 and then divide by four to arrive at the invoiced amount for the March quarter.

o Note that a Private Markets Limited Partnership is considered “active” if it has not yet fully liquidated.

o If the Contractor charges separately for various services, the Contractor may show separate line items as long as the fees are fixed annual fees. All separate line items shall be totaled to arrive at an aggregate Per-Partnership Fee.

o The Contractor may not invoice for any Private Market asset (and is not responsible for its oversight) until PBGC has provided the Contractor with written notice that PBGC has assigned the asset to the Contractor.

included under the Per-Partnership Fee, with breakdowns by line item, if applicable.

B.3 Consulting Services

The Contractor may charge the PBGC based upon labor hours for certain consulting services, as discussed in Schedule C, Statement of Work, Section 2. For sales of Private Markets Limited Partnerships in the secondary market, the Contractor may also charge the PBGC a disposition fee, in addition to the labor hours associated with the consulting services related to the secondary sale. When providing the fee structure, the Contractor should take into account the make-up of the PBGC’s Private Markets Assets and should refer to Schedule C, Statement of Work for a description.

• Hourly Rate o The Hourly Rate will be charged on a calendar quarterly basis in arrears based upon the number of labor hours used for consulting services. For example, at the end of the March quarter, the contractor will compute the number of hours spent on consulting services as of March 31. The contractor will then apply the hourly rate to the number of hours spent on consulting services as of March 31 to arrive at the invoiced amount for the March quarter.

PAGE 17 OF 85 PBGC01-RP-15-0015

o The Contractor may not invoice for any consulting services (and is not responsible for them) until:

PBGC has provided the Contractor with a written request for consulting services.

The Contractor provides an estimate of labor hours needed to complete the request and the total cost in dollars.

PBGC agrees to the estimate in writing.

o The Contractor may invoice PBGC for labor hours related to Private Markets assets assigned to the Contractor for sale in the secondary market even if a transaction is not consummated.

included under the hourly rate, with breakdowns by line item, if applicable.

• Disposition Fee o The Disposition Fee will be charged on a calendar quarterly basis in arrears based upon the Net Sale Proceeds of the specific Private Markets assets sold by the Contractor in the secondary market. “Net Sale Proceeds” means proceeds from the sale of assigned asset(s) less deductions (such as, but not limited to, legal expenses, labor hours and the repayment of any outstanding debt associated with the asset(s) [e.g. in the case of Real Estate]).

o The sale price shall be based upon the prices negotiated between the Contractor and the secondary buyer(s). For each quarter, the Contractor will compute the quarter-end Net Sale Proceeds of the Private Markets assets assigned to the Contractor for sale in the secondary market before applying the Disposition Fee. For example, at the end of the March quarter, the Contractor will compute the total Net Sale Proceeds of the Private Markets assets assigned to the Contractor for sale in the secondary market as of March 31. The contractor will then apply the Disposition Fee to the computed March 31 total Net Sale Proceeds to arrive at the invoiced amount for the March quarter.

o It is anticipated that those Private Markets assets assigned to the Contractor for sale in the secondary market are also assigned to the Contractor for monitoring. As such, the Contractor may also invoice PBGC for monitoring services (as described above), as well the Disposition Fee. The Contractor must discontinue charging for monitoring services subsequent to a secondary market transaction.

o The Contractor may not invoice for any Disposition Fee (and is not responsible for selling any Private Markets assets in the secondary market) until:

PBGC has provided the Contractor with written notice that PBGC has assigned an asset to the Contractor for sale in the secondary market.

The Contractor provides an estimate of labor hours needed to complete the request and the total cost in dollars (as described above in Hourly Rate).

The Contractor provides an estimate of the Disposition Fee.

PBGC agrees to the Labor Hour and Disposition Fee estimates in writing. The PBGC may elect to have the Disposition Fee paid

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directly from sale proceeds. Such information would be provided in writing to the Contractor.

A secondary sale is consummated.

o The Contractor may not invoice for any Disposition Fee unless a secondary sale is consummated. However, the Contractor may invoice for Labor Hours used (as discussed above) as related to the various activities related to a secondary sale.

o The Contractor will also include a narrative clearly delineating what services are included under the Disposition Fee.

o The Contractor cannot charge a Disposition Fee for proceeds reinvested with the contractor, if applicable.

B.4 Contract Ceiling Amount The ceiling amount for the base year and nine (9) option years is to be determined upon award and stated in Section B of the resulting contract.

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SECTION C

DESCRIPTION/SPECIFICATIONS/WORK STATEMENT

C. 1 Section C

PRIVATE EQUITY

Statement of Work (SOW)

Section 1 Background

The Pension Benefit Guaranty Corporation (PBGC or the Corporation) is a federal corporation created by Title N of the Employee Retirement Income Security Act of 1974 (ERISA) that maintains investment funds. Certain terminated and trusteed single employer plans held Private Markets assets which PBGC commingled. Through commingling, PBGC's private markets portfolio is presently split into three distinct pools:

PBGC-Only: The first pool is comprised of limited partnerships that are wholly owned by the PBGC, that is, the PBGC is the statutory trustee of a series of pension plans trusteed by the PBGC in which the PBGC owns each position entirely versus being an investor in a master trust with other third parties. There are approximately 84 limited partnerships as of November, 2014 and approximately 53 General Partner (GP) relationships. The aggregate capital commitment is $1.1 billion and the partnerships are approximately 95% funded. Most partnerships are older vintages (ranging from 1986 to 2009, with the crux of partnerships in the 1999 to 2001 vintages) and are in their liquidation phase. Current valuation is approximately $147 million.

Commingled Master Trust One: This second pool is comprised of limited partnerships that are commingled in a master trust vehicle of a former plan sponsor. More specifically, the former plan sponsor commingled multiple pension plans into a single master trust and made investments on behalf of all the pension plans in the trust. PBGC trusteed one of the plans commingled in this master trust and as such, PBGC owns a minority interest (at the trust level) of each limited partnership at the time of trusteeship. Therefore, GPs formally recognize the master trust as the investor, but are aware that the PBGC has a minority interest in the master trust. The former plan sponsor has its own Private Markets advisor and the Contractor’s oversight of Commingled Master Trust One will require collaborating with a potential competitor. This pool has approximately 79 limited partnerships and approximately 44 GP relationships as of November 2014. The aggregate capital commitment applicable to the PBGC is approximately $700 million and these partnerships are approximately 96% funded. Most partnerships are older vintages (ranging from 1989 to 2006, with the crux of partnerships in the 1998 to 2001 vintages) and are in their liquidation phase. Current valuation is approximately $102 million.

Commingled Master Trust Two: This third pool is similar to Commingled Master Trust One.

Commingled Master Trust Two is comprised of primarily limited partnerships that are commingled in a master trust vehicle of which the former plan sponsor was an investor. More specifically, the former plan sponsor and certain other related plan sponsors commingled multiple pension plans into a single master trust and made investments on behalf of all the pension plans in the trust. PBGC trusteed two of the plans commingled in this master trust and as such, PBGC owns an interest of each limited partnership at the time of trusteeship. The PBGC’s interest in each limited partnership varies deal-by-deal, but PBGC has a minority interest (at the trust level) in most limited partnerships in this pool. In addition to private equity partnerships, this pool also includes private debt and private real estate (both in a fund structure and direct real estate). The former plan sponsor has its own Private Markets advisor and the Contractor’s oversight of Commingled Master Trust Two, if assigned for oversight, will require collaboration with this separate firm. This pool has approximately 600 limited partnerships and approximately

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Statement of Work (SOW)

170 GP relationships as of September 2014. The aggregate capital commitment applicable to the PBGC is approximately $3 billion and these partnerships are approximately 90% funded. Most partnerships are older vintages (ranging from 1986 to 2009, with the crux of partnerships in the 2005 to 2008 vintages) and are in their liquidation phase. Current valuation is approximately $1.3 billion.

Given the nature of the PBGC's business, the number of limited partnerships will likely grow over time. Further, it is possible that PBGC may enter into additional commingled master trust relationships

SCOPE

PBGC is seeking a firm registered with the Securities and Exchange Commission as a registered investment advisor (RIA) with at least $5B in assets under management to provide the following services in a fiduciary capacity: transition PBGC Private Markets Holdings, Investment Monitoring, Distributed Stock Management, Reporting and Performance Measurement, Other Requirements and Responsibilities, Consulting Services, and Disaster Recover Planning related to PBGC’s private markets portfolio (primarily private equity, private real estate and private debt partnerships).

From Contractor’s facility, provide oversight of PBGC’s Private Markets portfolio (primarily private equity, private real estate and private debt partnerships, to include direct investments).

Section 1 Performance Objectives Overall Objective:

a. Provide Private Markets Monitoring Services (which encompasses all the below requirements) for the PBGC-Only and Commingled Master Trust One portfolios.

Commingled Master Trust Two and/or any new Private Markets partnerships (including those commingled in a manner similar to Commingled Master Trust One and Two) may be assigned to the Contractor for Private Markets Monitoring Services.

b. The Private Markets portfolio will primarily be comprised of limited partnerships, to include: buyouts, venture capital, real estate (including direct real estate), debt (mezzanine and distressed), fund of funds, oil and gas, timberland, and other investments in a limited partnership (or similar) structure.

c. The Contractor shall act as a fiduciary under this contract.

1. Transition PBGC Private Markets Holdings-Contractor Shall:

a. Within sixty (60) calendar days of contract award, load all historical LP data (e.g. asset valuations, capital flows, commitments, called capital), collect all necessary documents (i.e. Limited Partnership Agreements, Amendments, other GP reporting) and make all other necessary preparations (e.g. execute a Fidelity Bond and Errors and Omissions Professional Liability Bond, establish Disaster Recovery Procedures, notify each GP that the Contractor is the PBGC's Private Markets Advisor and to request the GP to add the Contractor to the GP's distribution list, etc.) to oversee the assigned Private Markets assets. Until PBGC directs the Contractor otherwise in writing, the Contractor is not

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Statement of Work (SOW) permitted to charge a fee for Private Markets Monitoring Services until the transition is complete.

2. Investment Monitoring-Contractor Shall:

a. Assist in reviewing and making recommendations such as proposed partnership amendments, proxies, and waivers; or other proposed modifications with consideration given to PBGC’s Investment Policy Statement and liquidity needs;

b. Advise PBGC on the structuring and negotiation of provisions to be incorporated in the terms of a limited partnership agreement that specifically relate to monitoring, including, but not limited to, those provisions which govern the format, frequency, and scope of reports provided by the GPs to PBGC.

c. Assist in gathering, retaining and reviewing limited partnership documents from GPs and/or their representatives, such as performance reports; audited and unaudited financial statements; limited partnership agreements; amendments; capital account statements;

annual reports and other related materials which describe each of the limited partnerships' investment activities and overall performance of their respective investments;

d. Assist in the processing of capital calls and distributions and monitoring of capital commitments;

i. Prepare direction letters/directives for PBGC’s signature to appropriately direct capital calls, fees, and cash and stock distributions. Such direction letters shall be provided to PBGC in final form with back-up documentation (i.e. capital call/management fee notice from the GP, fee calculations, etc.) no less than 48 hours before their due date with a copy of each bank instruction letter sent to PBGC's Investment Accounting Branch (IAB).

ii. Request wire instruction letters from GPs and verify new and/or revised wire instruction details with GPs.

e. Attend general partner client meetings, conference calls, board meetings, and other meetings (as applicable and dependent on the relative size of the GP relationship) as well as periodically communicating with GPs and such other parties as the Contractor deems reasonably necessary to enable the Contractor to understand and to evaluate each limited partnership's investment strategy, activities, current performance and prospects. Meet with PBGC staff, both in Washington DC and at the Contractor’s offices for operational, investment and performance due diligence meetings. Generally, there will be two due diligence meetings each year, one at PBGC and one at the Contractor’s offices.

3. Distributed Stock Management-Contractor Shall:

a. Assist in the commingling and liquidation of distributed stock as well as holding and performance level reporting, as discussed in Section 4 Below.

b. Manage shares of stock distributed from the GPs and shall timely liquidate these distributions in such a manner as to maximize the value of the stock relative to the stock distribution value received at distribution.

4. Other Requirements and Responsibilities-Contractor Shall:

a. Provide training, education, and materials to PBGC staff related to private market assets, including, but not limited to seminars and attendance at Contractor client-wide meetings.

i. PBGC may, under this contract, receive any of the Contractor's internal or external investment, market and economic research training materials and support capabilities

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Statement of Work (SOW) and services in the performance of PBGC's investment responsibilities, subject to the Contractor’s internal confidentiality rules.

ii. Contractor shall provide up to six (6) slots in any educational conferences (e.g. the Contractor’s annual/semiannual client meeting, separate private markets training courses the Contractor may provide to other clients) it may offer to clients as part of the normal contract cost. This would include the cost of related meals offered as part of the formal conference program. Non-training or non-educational activities offered at the conference including, but not limited to, golf, fishing, tours, entertainment, etc., would not be included, as the PBGC can neither pay for nor may individual employees accept these items. PBGC will pay its own travel, lodging, per diem, and other subsistence expenses (e.g., if meals are not offered to all attendees as part of the conference) for PBGC attendees at such conferences. The COR will advise contractor of its acceptance or declination of such slots offered.

b. The Contractor shall keep PBGC fully informed of the rationale for the Contractor's investment decisions and changes in the portfolio under its management and such decisions and changes shall be consistent with the PBGC standards in the Contractor’s proposal submissions.

c. Interface with the GPs on PBGC’s behalf on various matters (e.g., to address a question that the PBGC staff may have on a particular capital call, fee, amendment, holding, assist in gaining access for PBGC staff to attend certain annual general partner meetings, etc.);

d. Contract compliance reports; On an annual basis, the Contractor shall provide PBGC evidence of a fidelity bond and errors and omissions professional liability coverage, current Form ADV Parts I and II and an SSAE 16 report (or similar report). The Contractor shall provide quarterly SSAE 16 bridge letters. If not covered by the SSAE 16 report (or similar report), the Contractor shall describe its internal controls to prevent recurring draws on the fidelity bond and errors and omissions professional liability coverage.

e. The Contractor shall establish and manage internal controls and procedures for validating and tracking capital draws, funding commitments, partnership management fees, distributions, and amendments.

f. Provide internal/external auditors limited partnership data, as requested.

g. The Contract shall provide a contract compliance report which confirms manager compliance or summarizing all non-compliance throughout the quarter.

h. The contractor shall provide additional reports as needed as related to the portfolios assigned to the Contractor for oversight.

i. The Contractor shall provide disaster recovery and business continuity plans, as follows.

Section 2 Consulting Services

Contractor Shall:

a. Provide financial advice and legal expertise as related to the sale or transfer of illiquid assets;

i. Assess the reasonableness of proposed secondary sale prices based on factors such as, but not limited to, current and projected value of the underlying holdings, uncalled capital, estimated timing regarding liquidity of the underlying assets, reputation of the GP, market conditions, and the PBGC's Investment Policy Statement and liquidity needs.

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Statement of Work (SOW)

ii. Advise and assist the PBGC in negotiating terms and conditions with respect to either sales or transfers.

iii. With respect to the sale or transfer of limited partnerships, the Contractor shall provide legal advice and expertise in areas such as, but not limited to:

1. The review/structure of terms and conditions;

2. The review of competing bids/offers for interests in limited partnerships that

PBGC seeks to sell;

3. The establishment of special purpose entities or other forms of entities to facilitate a sale or transfer;

4. Re-titling ownership of limited partnership assets;

5. Educating GPs on PBGC;

6. Negotiating non-disclosure agreements;

7. The carve-out of PBGC's interests in limited partnerships that are commingled with other entities, such as limited partnerships in Commingled Master Trust One, Commingled Master Trust Two or any other future commingled master trusts;

8. Negotiating sales/transfers with the GP(s), purchaser, and/or joint-asset owner;

and,

9. Other administrative matters with respect to facilitating a sale or transfer.

iv. In the context of secondary sales, the Contractor shall have investment discretion as to whether or not a sale shall take place, however, the PBGC will be involved in this process at varying levels. PBGC’s involvement is further described in Section B.3, Consulting Services.

b. Should the PBGC establish an active allocation to the private markets asset class, Contractor shall provide reasonable assistance regarding a target asset allocation and other related duties required to establish an actively managed portfolio.

Section 3 Disaster Recovery Plan-Contractor Shall:

Contractor Shall:

1. Have and maintain a disaster recovery plan, which includes critical business operations, computer systems, and telecommunications. The disaster recovery plan must include, but not be limited to, the following:

a. emergency response procedures, including step-by-step instructions identifying explicit techniques to be used for responding to various emergency situations;

b. identification of disaster recovery teams;

c. an organizational chart and list of key personnel responsible for performing the disaster recovery actions as well as the priority of duties and lines of authority.

d. Backup site activation procedures which identify:

i. Backup site location; and

ii. Backup site activation processes (If the backup site is operated by an organization other than the Contractor, a copy of the Alternative Site Processing Agreement shall be provided to the PBGC within 30·days after being added to the plan or at the same time as the current and/or revised

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Statement of Work (SOW) plan, whichever is earlier. Backup site activation procedures must contain a list of key personnel and the recovery teams(s) they support.)

e. Primary site recovery, procedures, including:

i. Instructions for accomplishing salvage operations;

ii. A replacement acquisition strategy for hardware, software, telecommunications, etc.;

iii. Facility reconstruction plans; and

iv. Identification of personnel supporting the primary site recovery and the teams(s) they support.

f. Primary site reactivation/normalization, including:

i. Procedures to ensure a smooth transition from the alternative processing site to the primary site; and

ii. A list of teams performing the various functions and the personnel assigned to those teams.

2. Test the plan at least annually and update when necessary.

3. Provide a copy of the annual test report to the PBGC within 30 calendar days of the completion of the test.

Provide a copy of the current and/or revised plan to the PBGC within 60 calendar days of the completion of the test.

Section 4 Reporting and Performance Measurement Contractor Shall

1. Prepare risk and performance reporting services (monthly and quarterly and reporting);

a. Monthly reporting shall consist of separate reports for each assigned private markets portfolio (e.g PBGC-Only, Commingled Master Trust One and Commingled Master Trust Two, if assigned) and shall be due within seven (7) business days after month end. Monthly reports shall include:

1. Value of the unrealized portfolios.

2. A cash flow summary show flow to and from the PBGC for month to date, quarter to date, year to date and fiscal year to date.

3. A report showing the investment name, closing date, percent owned, local fund size, local commitment, base fund size (US Dollar), and base commitment (US Dollar).

4. A report showing unfunded commitments including investment name, currency, commitment, contributions, recallable amounts, uncounted funding (e.g. fees), net capital contributed (excluding uncounted funding), unfunded amount, and percent funded.

5. A report showing a transaction summary including the investment name, the transaction date, capital call, additional fees, cash (in the case of distributions), stock (in the case of distributions), and the net cash flow.

6. A report showing the adjusted ending value including investment name, currency, commitment, paid in capital, additional fees, cash distribution, stock distribution, total distributions, valuation date, valuation, adjustments (i.e, cash flows since the most recent valuation), and adjusted valuation (the valuation adjusted for cash

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Statement of Work (SOW) flows), internal rate of return and Multiple of Invested Capital

(MOIC).

7. A performance report showing performance of the distributed stocks by year including the year, aggregate realized performance, realized performance for those holdings listed as a sell, realized performance for those holdings listed as a hold, and the Russell 2000 Growth performance or other reasonable benchmark. There will also be the same statistics for since inception. Additionally, there should be an aggregate return for unrealized holdings as well as returns for those listed as a sell and those listed as a hold.

Further, there should be a summary report showing distributions received since inception, distributions sold since inception, average holding period and current holdings. There should be a specific holding report for those securities still held including name of broker dealer holding the security (i.e. a distribution agent), the security name, the ticker, current shares held, original shares, distribution price, distribution value, current price, current market value, % of current portfolio, and unrealized gain/loss. Lastly, there should be a transaction report for securities sold as well as securities added showing the distribution date, the company name, the ticker, LP fund, quantity sold, total shares, GP cost per share, distribution price per share, currency, GP cost, distribution value, and in the case of sold shares, sales price per share, gross sale proceeds, commission and fees, net sales proceeds, and realized gain/loss. Note that performance should be shown versus the distributed value.

8. A report describing any proxies voted.

9. A report showing a breakdown by investment type including, category (i.e. buyouts, distressed, mezzanine, venture capital, etc.), and the aggregate number of investments, committed capital, funded amount, unfunded amount, distributions received, and latest market value for each category.

10. A report showing geographic focus including region, number of investments, latest market value and percentage of portfolio.

11. A report showing performance including the portfolio (i.e., PBGC- Only and Commingled Master Trust One), beginning of period market value, period cash flows, end of period market value, gain/loss, and period gain/loss percentage. This report will show performance by each of the portfolios as well as in aggregate.

12. Other data and information as requested.

b. Quarterly reporting shall consist of separate reports for each assigned private markets portfolio (e.g. PBGC-Only, Commingled Master Trust One and Commingled Master Trust Two, if assigned) and shall include:

1. Due by ninety (90) calendar days following quarter end.

2. General summary overview highlighting quarter events (e.g., changes in adjusted valuation, capital call funding and distributions) with largest capital calls and

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Statement of Work (SOW) distributions noted, any new limited partnerships commingled, list of any partnerships liquidated, since inception distributions, internal rate of return and MOIC assigned portfolios, and general market environment summary.

3. Chart showing commitments, capital called, and distributions received as well as total committed for investment, capital invested, and distributions received both since inception and since PBGC trusteeship. This data should be by vintage year.

4. Chart showing investment cash flows (both cash invested and distributions received by calendar year).

5. Pie charts depicting distribution of both portfolios by investment type and geographic sectors.

6. Pie charts depicting more detailed…