The document outlines a Request for Information (RFI) concerning capabilities required by firms to support the Pension Benefit Guaranty Corporation (PBGC) in managing Limited Partner (LP) agreements and financial operations. Key areas of inquiry include the firm's ability to recommend modifications to LP agreements, prepare fiduciary directives for capital calls and distributions, and effectively gather and review essential LP documents from General Partners. Additionally, the RFI seeks insights into monthly reporting on private market commitments, unfunded commitments, transaction reporting, and adjusted valuations. Firms are also asked about their capacity to add new LPs to reporting databases, liquidate distributed stock, assist with secondary sales, and their approaches to pricing monitoring and reporting services in these areas. The intent of this RFI is to identify qualified firms to aid PBGC in optimizing LP management and reporting processes, while ensuring fiduciary duties are met efficiently.

The document outlines the Statement of Work for Private Markets Investment Monitoring Services provided to the Pension Benefit Guaranty Corporation (PBGC). Established under the Employee Retirement Income Security Act of 1974 (ERISA), PBGC manages insurance programs for private-sector defined benefit pension plans. The contractor's role involves overseeing PBGC's private market assets, specifically within three distinct pools of limited partnerships. The primary tasks include reviewing partnership documents, processing capital calls, and providing comprehensive performance reporting. The investment manager must adhere to ERISA fiduciary responsibilities while maintaining thorough record-keeping and compliance with the U.S. Department of Treasury regulations. Furthermore, the contractor is tasked with assisting in the liquidation of distributed stock and the commingling of new partnerships. The objective emphasizes prudent management of inherited assets to maximize returns and minimize expenses, aligning with PBGC's mission to ensure uninterrupted pension payments. This RFP signifies PBGC’s need for specialized monitoring and consulting services to effectively manage complex private market investments.