University of Illinois System
Exemption #9DGS2308
Announcement of an Exempt Purchase
Change Order
Published Monday May 8, 2023
Vendor: Galliard Capital Management
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Galliard Capital Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Vendor: Income Research and Management
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Income Research and Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Vendor: JP Morgan Asset Management
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to JP Morgan Asset Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Vendor: Neuberger Berman Investment Advisers LLC
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Neuberger Berman Investment Advisers LLC. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Vendor: Allspring Global Investments, LLC
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Allspring Global Investments, LLC. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Galliard Capital Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Income Research and Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to JP Morgan Asset Management. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Neuberger Berman Investment Advisers LLC. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
Change Order Amount: $0
The University held the hearing required under 30 ILCS 500/1-13(b-10) on Monday, May 8, 2023. No individuals registered to present testimony nor was any written testimony provided for consideration at the hearing. This change order notice serves as notice of the University's award (as presented below) to Allspring Global Investments, LLC. A copy of the recorded hearing may be requested from the Hearing Contact (information provided below).
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Friday April 21, 2023
Allspring Global Investments, LLCSan Francisco, CA
- Amount: An estimated $275,000
Amount listed is estimated annual fees
- Terms: An estimated start date of 7/1/2023 through 12/31/2035
- Renewals: None
Neuberger Berman Investment Advisers LLCChicago, IL
- Amount: An estimated $710,000
Amount listed is estimated annual fees
- Terms: An estimated start date of 7/1/2023 through 12/31/2035
- Renewals: None
JP Morgan Asset ManagementChicago, IL
- Amount: An estimated $470,000
Amount listed is estimated annual fees
- Terms: An estimated start date of 7/1/2023 through 12/31/2035
- Renewals: None
Income Research and ManagementBoston, MA
- Amount: An estimated $830,000
Amount listed is estimated annual fees
- Terms: An estimated start date of 7/1/2023 through 12/31/2035
- Renewals: None
Galliard Capital ManagementMinneapolis, MN
- Amount: An estimated $540,000
Amount listed is estimated annual fees
- Terms: An estimated start date of 7/1/2023 through 12/31/2035
- Renewals: None
Summary
Vendors
5 total
0 BEP vendors
0 VBP vendors
0 Small businesses
Comments:
The executed contracts do not have a defined end-date. Contracts will be effective through termination by the University under the terms and conditions of the executed agreements. End date stated in this notice was required by the Bulletin; however, should not be considered the actual end date.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Friday, April 21, 2023
The University awarded a contract for Investment Management of Operating Pool Funds.
Investment management of operating pool funds, specifically a manager of fixed income managers.
We will hold a public hearing via Zoom at the date and time specified below for testimony or consideration of a signed statement submitted regarding this exempt purchase notification.
The public hearing allows any interested party the opportunity to testify for or against the University's proposed purchase using this exemption. The purpose of the hearing is to receive information from the public in a reasonable manner. Formal rules of evidence will not apply. The hearing officer will produce minutes of the hearing and may record it in order to aid in the production of the minutes. After conclusion of the hearing we will decide whether the exempt purchase was appropriate.
We must receive any request to testify and any vendor statement no later than the registration date and time indicated below. Registration is required for Zoom conferencing participation in the hearing. We reserve the right to cancel the procurement prior to any scheduled hearing.
Hearing Details
Date: May 8, 2023
Time: 10:00 AM
Location: Via Zoom web conference
Hearing Contact: Daniel Szajna
Phone: (217) 333-2650
E-mail: dszajna@uillinois.edu
Additional Information: This hearing by web-conference only, please register with the registration contact below to obtain participation information.
Registration
Registration Deadline: May 3, 2023 at 5:00 PM
Register With: Hearing Contact (information provided above)
Date, time, and location are subject to change and/or cancellation. It is the responsibility of potential participants to confirm these details prior to attendance. Please identify if any accessibility accommodations will be necessary for your participation at time of registration.
Date: May 8, 2023
Time: 10:00 AM
Location: Via Zoom web conference
Hearing Contact: Daniel Szajna
Phone: (217) 333-2650
E-mail: dszajna@uillinois.edu
Additional Information: This hearing by web-conference only, please register with the registration contact below to obtain participation information.
Registration
Registration Deadline: May 3, 2023 at 5:00 PM
Register With: Hearing Contact (information provided above)
Date, time, and location are subject to change and/or cancellation. It is the responsibility of potential participants to confirm these details prior to attendance. Please identify if any accessibility accommodations will be necessary for your participation at time of registration.
This purchase is exempt from the usual selection processes of the Procurement Code because the procurement expenditure is for procurements made by or on behalf of the University of Illinois for investment services (30 ILCS 500/1-13(b-10)) The five awardees were previously selected via the five sole source procurements:
Investment20201 Galliard Capital Management
Investment20202 Income Research and Management
Investment20203 JP Morgan
Investment20204 Neuberger Berman
Investment20205 Allspring Global f/k/a Wells Capital Management Incorporated
Investment20201 Galliard Capital Management
Investment20202 Income Research and Management
Investment20203 JP Morgan
Investment20204 Neuberger Berman
Investment20205 Allspring Global f/k/a Wells Capital Management Incorporated
For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Daniel Szajna
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820
Phone: (217) 333-2650
FAX: (217) 239-6760
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820
Phone: (217) 333-2650
FAX: (217) 239-6760
The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.