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Pension Benefit Guaranty Corporation Awarded a Contract to GOLDMAN SACHS ASSET MANAGEMENT, L.P for $32,025,995.60

Signed on

3/30/2016, 12:00 AM

GOLDMAN SACHS ASSET MANAGEMENT, L.P Government Contract #PBGC01CT160016

GOLDMAN SACHS ASSET MANAGEMENT, L.P was awarded a contract with the United States Government for $32,025,995.60. 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 Goldman Sachs Asset Management, L.P., a U.S.-owned business located in New York. The contract, awarded by the Pension Benefit Guaranty Corporation, is for portfolio management services worth a total of $32,025,995.60. Notable spending transactions include multiple amounts disbursed to Goldman Sachs Asset Management, L.P., ranging from $666,000 to -$3,988,864.21 at various dates.

Contract Details

Contract IDPBGC01CT160016
Contract TypeD
Total Obligation$32,025,995.60
Exercised Options$32,025,995.60
Base Amount + Options$32,025,995.60
Date Signed2016-03-30
Contract DescriptionIGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES
Start Date2016-04-01
End Date2026-03-31

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

RecipientGOLDMAN SACHS ASSET MANAGEMENT, L.P
Recipient Location200 WEST ST NEW YORK NEW YORK, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00048$-2,125,476.27February 11, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-2,125,476.27 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00047$2,400,000.00December 17, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,400,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00046$2,200,000.00March 24, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,200,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00045$2,520,000.00October 30, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,520,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00044$0.00September 19, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00043$-3,958,864.21September 6, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-3,958,864.21 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00042$2,000,000.00March 11, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,000,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00041$2,000,000.00December 5, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,000,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00040$-348,981.52April 11, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-348,981.52 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00039$2,500,000.00March 10, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00038$2,500,000.00January 4, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00037$1,000,000.00August 31, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00036$-46,054.22July 7, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-46,054.22 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00035$2,000,000.00June 29, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,000,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00034$1,200,000.00March 28, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,200,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00033$-1,000.00March 28, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00032$3,000,000.00January 21, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,000,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00028$-270,994.40August 16, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-270,994.40 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00029$1,190,000.00August 16, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,190,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00027$100,000.00February 18, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00026$710,000.00December 10, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $710,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00025$0.00September 25, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00023$58,000.00June 21, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $58,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00024$0.00June 17, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00022$666,000.00February 13, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $666,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00021$-396,820.10January 12, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-396,820.10 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00020$666,000.00November 20, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $666,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$1,000.00February 13, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$1,200,000.00November 7, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,200,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00017$-1,155,000.00August 20, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,155,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016$1,700,000.00May 18, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,700,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$100,000.00March 23, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$3,085,226.04November 7, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,085,226.04 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$20,000.00August 9, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $20,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00August 3, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #11$0.00July 25, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #10$1,500,000.00May 26, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,500,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #9$1,400,000.00January 25, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,400,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #8$-177,039.72January 17, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-177,039.72 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #7$0.00December 14, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #6$3,100,000.00October 20, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,100,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #5$200,000.00September 26, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $200,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #4$-750,000.00August 16, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-750,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #3$0.00June 8, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #2$1,500,000.00May 5, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,500,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

Transaction #1$0.00April 28, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$740,000.00March 30, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $740,000.00 to GOLDMAN SACHS ASSET MANAGEMENT, L.P. The payment included a Subsidy Cost of $0.00.