Notice of Intent to Sole Source
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The Pension Benefit Guaranty Corporation (PBGC) has issued a Notice of Intent to Sole Source a bridge contract to Los Angeles Capital Management LLC for emerging market investment management services. This action ensures continuity of critical services while a new competitive solicitation for long-term contracts is underway. Interested parties must submit information by March 10, 2026, 5:00 PM ET.
Opportunity Details
PBGC intends to award a sole source bridge contract to Los Angeles Capital Management LLC (LA Capital) for emerging market investment management services. This bridge contract is necessary to prevent a gap in services until the resultant long-term emerging market investment management contracts, currently under recompete, are awarded. The contract will cover a base period of twelve months (March 30, 2026, to March 29, 2027) with a three-month option period.
Rationale for Sole Source
A Justification for Other Than Full and Open Competition (J&A) supports this sole source award, citing FAR 12.102(b) and 41 U.S.C. 3304(a)(1). The rationale emphasizes avoiding a gap in services, which could lead to significant transaction costs from liquidating and reinvesting assets, and mitigating operational, fiduciary, and market risks. LA Capital is the incumbent manager, and market research indicated no other sources expressed interest in this specific bridge acquisition.
Future Plans
A new solicitation for EME quantitative strategies is anticipated by April 2026, with awards expected by February 2027. This future solicitation will be conducted via full and open competition.
Contract & Timeline
- Type: Notice of Intent to Sole Source (Bridge Contract)
- Agency: Pension Benefit Guaranty Corporation (PBGC)
- Intended Awardee: Los Angeles Capital Management LLC
- Duration: 12-month base (March 30, 2026 - March 29, 2027) + 3-month option
- Set-Aside: None (Sole Source)
- Information Request Due: March 10, 2026, 5:00 PM ET
- Published: March 9, 2026
Contact Information
Interested parties may request further information via email to Rudy Baldus (baldus.carl@pbgc.gov) and Marius Morgan (morgan.marius@pbgc.gov). A determination to compete this procurement based on responses is solely at the Government's discretion.