PBGC Active EME Investment Management Services
Closed Solicitation Posted
- Solicitation number
- 16PBGC25R0052
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 523940 Portfolio Management and Investment Advice
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia 20554, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation (PBGC) is seeking Active Emerging Market Equity Investment Management Services through a two-phase procurement process under solicitation number 16PBGC25R0052. The solicitation requires investment management firms to actively invest PBGC assets in emerging market equities, with mandatory requirements including SEC registration, a minimum of $3 billion in assets under management for the proposed strategy, a GIPS-compliant track record of at least five years, and specific performance metrics such as a rolling 36-month information ratio of at least 0.30 and tracking error between 2.5% and 9.0% over 10 years. The evaluation will focus on technical approach, firm resources, corporate experience, and pricing, with technical factors weighted significantly more than price. Phase 1 preliminary technical proposals were due June 9, 2025, and Phase 2 proposals containing detailed technical and price proposals are due July 15, 2025 at 11:00 AM. The procurement also includes an optional Emerging Markets ex-China strategy for which pricing is required but a live track record is not mandatory.
This solicitation has no set-aside designation and no current incumbents are identified in the documentation. The government anticipates awarding multiple contracts with potential allocations ranging from $250 million to $400 million per manager, with the pricing schedule indicating estimated asset levels of $375 million for the primary strategy and $50 million for the optional ex-China strategy. The contracts will include a one-year base period followed by nine one-year option periods, with an additional six-month extension option available. Performance will be benchmarked against the MSCI Emerging Markets Index (Net), and successful offerors must provide services through a commingled fund format acceptable to tax-exempt investors. The place of performance is Washington, DC, and the procurement includes contractor support from Mercer during the technical evaluation process under a Non-Disclosure Agreement.
Notice text
5 versions
Update #5 · Latest ·
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for Active Emerging Market Equity Investment Services. Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Please note: Because SAM.GOV is not configured to support multi-phase solicitations, the listed "Date Offers Due” should be considered an estimated deadline. This estimate encompasses the submission due dates for both Phase 1 and Phase 2 to maintain the announcement active. Updated response dates will be provided through the solicitation cover letters and any subsequent amendments, if applicable, as well as updating the SAM.GOV “Date Offers Due” accordingly.
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Amendment 0003 has been issued.
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Amendment 0002 has been issued.
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Update #4 ·
All offerors were notified of their Phase 1 evaluation results. Phase 2 proposals are due on July 15, 2025, at 11:00 a.m.
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Ammendment 0002 Published 6/3/2025
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The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for Active Emerging Market Equity Investment Services. Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Please note: Because SAM.GOV is not configured to support multi-phase solicitations, the listed "Date Offers Due” should be considered an estimated deadline. This estimate encompasses the submission due dates for both Phase 1 and Phase 2 to maintain the announcement active. Updated response dates will be provided through the solicitation cover letters and any subsequent amendments, if applicable, as well as updating the SAM.GOV “Date Offers Due” accordingly.
Update #3 ·
Ammendment 0002 Published 6/3/2025
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for Active Emerging Market Equity Investment Services. Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Please note: Because SAM.GOV is not configured to support multi-phase solicitations, the listed "Date Offers Due” should be considered an estimated deadline. This estimate encompasses the submission due dates for both Phase 1 and Phase 2 to maintain the announcement active. Updated response dates will be provided through the solicitation cover letters and any subsequent amendments, if applicable, as well as updating the SAM.GOV “Date Offers Due” accordingly.
Update #2 ·
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for Active Emerging Market Equity Investment Services. Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Please note: Because SAM.GOV is not configured to support multi-phase solicitations, the listed "Date Offers Due” should be considered an estimated deadline. This estimate encompasses the submission due dates for both Phase 1 and Phase 2 to maintain the announcement active. Updated response dates will be provided through the solicitation cover letters and any subsequent amendments, if applicable, as well as updating the SAM.GOV “Date Offers Due” accordingly.
Update #1 ·
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for Active Emerging Market Equity Investment Services. Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
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