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Pension Benefit Guaranty Corporation Awarded a Contract to PUGH CAPITAL MANAGEMENT INC for $3,043,474.38

Signed on

12/28/2023, 12:00 AM

PUGH CAPITAL MANAGEMENT INC Government Contract #16PBGC24C0034

PUGH CAPITAL MANAGEMENT INC was awarded a contract with the United States Government for $3,043,474.38. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

The recipient of the federal contract is Pugh Capital Management Inc, a U.S.-owned small business based in Seattle, Washington, specializing in portfolio management and investment advice. The contract, funded by the Pension Benefit Guaranty Corporation, is worth $3,043,474.38 and is for portfolio management services. Notable transactions include amounts of $1,100,000 on 2025-11-20 and $1,025,000 on 2024-10-29 related to the contract.

Contract Details

Contract ID16PBGC24C0034
Contract TypeD
Total Obligation$3,043,474.38
Exercised Options$3,043,474.38
Base Amount + Options$3,043,474.38
Date Signed2023-12-28
Contract DescriptionPORTFOLIO MANAGEMENT & INVESTMENT ADVICE
Start Date2024-01-01
End Date2026-12-31

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientPUGH CAPITAL MANAGEMENT INC
Recipient Location520 PIKE ST SEATTLE WASHINGTON, UNITED STATES
Business CategoriesBlack American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Comments

Award Transactions

Transaction #P00005 | $-11,525.62February 3, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-11,525.62 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $1,100,000.00November 20, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,100,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $1,025,000.00October 29, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,025,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $80,000.00September 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $80,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $750,000.00February 6, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $750,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $100,000.00December 28, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007 | $0.00May 19, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $0.00April 14, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $-11,525.62February 3, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-11,525.62 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $1,100,000.00November 20, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,100,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $1,025,000.00October 29, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,025,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $80,000.00September 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $80,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $750,000.00February 6, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $750,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $100,000.00December 28, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to PUGH CAPITAL MANAGEMENT INC. The payment included a Subsidy Cost of $0.00.