Notice of Intent to Sole Source

The Pension Benefit Guaranty Corporation (PBGC) has published a Notice of Intent to Sole Source on March 9, 2026, announcing its intention to award a bridge contract to Los Angeles Capital Management LLC for emerging market investment management services. This Special Notice is not a Request for Proposal but rather a notification of the government's intent to proceed with a sole source award under existing contract number PBGC01-CT-15-0041. The contract will consist of a 12-month base period and a 3-month option period, with an anticipated award date in March 2026. The PBGC, a civilian federal agency, is utilizing this mechanism to maintain continuity of critical investment services while a new competitive solicitation is finalized. Interested parties may submit inquiries or objections by March 10, 2026, at 5:00 PM Eastern Time to the provided government contacts.

The bridge contract is designed to maintain uninterrupted investment management services for emerging market equity assets while the PBGC completes a new competitive procurement process anticipated to conclude by January 31, 2027. Without this continuation contract, the agency would incur substantial transaction costs associated with liquidating and reinvesting assets in interim solutions. Los Angeles Capital Management LLC qualifies as the sole source based on its continuous provision of these specialized emerging market equity investment services since 2015 under the original competitively awarded contract and the absence of other identified sources. The government will ensure fair and reasonable pricing through comparison to an independent government cost estimate, existing contract prices, and similar market contracts. Interested parties have until March 10, 2026, at 5:00 PM Eastern Time to request additional information or express concerns, and the government retains discretion to compete the procurement based on responses received.