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PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)
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PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO)

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  • 1. PACIFIC INVESTMENT MANAGEMENT COMPANY (PIMCO) REQUEST FOR INFORMATION (RFI) FOR CAPITAL RAISING SERVICES IN CONNECTION WITH THE U.S. DEPARTMENT OF THE TREASURY’S LEGACY SECURITIES PUBLIC-PRIVATE INVESTMENT FUND PROGRAM DATE ISSUED: April 6, 2009 OBJECTIVE: PIMCO is seeking veteran-, minority- and women-owned enterprises to partner with to provide specified services and participate in the United States Department of the Treasury’s Public- Private Investment Program with the stated objective of generating attractive returns for taxpayers and private investors. The Public Private Investment Program will initially include securities backed by mortgages on residential and commercial properties on behalf of taxpayers and private investors. The Treasury may expand the scope of assets that may be held in such funds. SCOPE OF SERVICE: A firm that specializes in capital raising in the investment management industry to potentially partner with PIMCO to raise and support related servicing of private funds for the Public- Private Investment Fund Program. QUALITIFICATIONS: Candidate organizations will possess a strong track record in investment related fundraising along with the expertise to discuss and educate potential investors on the topic of structured finance. A candidate firm must demonstrate the ability to raise at least $50 million.
  • 2. DEADLINE FOR SUBMISSION OF PROPOSALS: Proposals must be received by the RFI Point of Contact no later than 5:00 p.m. Pacific Standard Time on April 20, 2009. Late responses may be considered at PIMCO’s discretion.
  • 3. INTRODUCTION AND BACKGROUND A. PIMCO OVERVIEW PIMCO is a leading global investment management firm with more than 1,200 employees in offices in Newport Beach California, New York City, Amsterdam, Singapore, Tokyo, London, Sydney, Munich, Toronto, and Hong Kong. We manage assets for an array of clients, including retirement and investment assets that reach more than 8 million people in the U.S. and millions more around the world. Our institutional clients include state, municipal and union pension and retirement plans whose members come from many walks of life, such as teachers and public safety employees. We are also asset managers to numerous corporations, universities, foundations and endowments. We are dedicated to our clients. From our founding in 1971, PIMCO's global team of investment professionals has been dedicated to seeking to consistently manage risk and deliver returns to our clients. We serve individual investors through pooled and mutual funds in the U.S. and Europe and offer institutional clients mutual funds as well as privately managed separate accounts. We are committed to being the best provider of global investment solutions in the world. Our thought leadership, talent, technology and long-term investment approach drive our abilities around the globe. We offer a continually evolving set of solutions across all asset classes in an effort to provide investors with consistent returns, superior risk management and topflight client service. We are a trendsetter in the asset-management industry, and have been throughout our 38-year history. We remain at the forefront today, pioneering the use of innovative solutions for our clients. Our investment process and operational structure drive our ability to anticipate client needs and respond quickly to ever-changing economic and market environments. B. PROPOSAL DEADLINE Proposals must be received in a Microsoft Word (version 97 or higher) file by the RFI Point of Contact no later than 5:00 p.m. Pacific Standard Time on April 20, 2009. PIMCO reserves the right to extend the submission deadline should this be in the interest of PIMCO. C. PIMCO POLICY Provided below is PIMCO’s Equal Employment Opportunity Policy. For purposes of this RFI, the term “Company” shall mean PIMCO. Equal Employment Opportunity Policy PIMCO is committed to equal-employment principals and recognizes the value of committed employees who feel their company treats them in an equitable and professional manner. Employment decisions are based solely on merit, qualifications, performance, competence and the company’s business needs. They are not based on considerations such as race, color, creed, ethnicity, ancestry, national origin, citizen status, religion, sex, age, disability, medical condition, marital status, sexual orientation, domestic partner status, or any other characteristic or condition protected by applicable state or federal law. It is also against Company policy to discriminate against any qualified disabled employee or applicant, against a disabled veteran, or against a veteran in the Vietnam era. It is against Company policy to unlawfully discriminate in any aspect of employment. Such aspects of employment include, but are not limited to, recruitment, hiring, promotion,
  • 4. demotion, transfer, layoff, termination, compensation, and training. Additionally, it is a Company policy that all employees enjoy a work environment free from all forms of unlawful harassment of a sexual or other unlawful discriminatory nature. Any conduct contrary to this policy is prohibited. This equal opportunity policy applies to all employees and applicants for employment and all aspects of the employment relationship. The employment relationship – the affiliation between the employee and PIMCO and the terms that drive it – includes recruitment, hiring, promotion, transfer, training, compensation, benefits and all other employee programs. Non-Discrimination on the Basis of Disability The Company complies with the provisions of the Americans with Disabilities Act of 1990 and all related regulations issued to protect the rights of qualified disabled persons. The Company is committed to ensure that no program or activity administered by The Company shall exclude you from participation, deny benefit, or subject you to discrimination by reason of your disability. Equal employment opportunity will be extended to qualified disabled persons in all aspects of the employment relationship, including but not limited to, recruitment, hiring, promotion, demotion, transfer, layoff, termination, compensation, and training. The Company will provide reasonable accommodations to known physical or mental limitations of an otherwise qualified disabled employee or applicant. D. QUESTIONS REGARDING THE RFI Questions regarding this RFI should be sent via email to: Contact: The Business Outreach Team Email: boparticipation@pimco.com The Business Outreach Team is the Point of Contact for this RFI and email communication may be sent at any time prior to the RFI due date. PIMCO will make every effort to respond to all written questions as soon as practical. Written email questions should reference “Capital Raising”, and identify the RFI section and page number for each question submitted. 2
  • 5. PROPOSAL QUESTIONNAIRE PIMCO will accept your company’s response to this request for information electronically. The electronic response must be provided in a Microsoft Word (version 97 or higher) file. A. General Firm 1. Contact Information 2. Ownership 3. Type of legal entity (corporation, limited liability company, joint venture, partnership, domicile, etc.) 4. Location of principal office. 5. Please describe any affiliations with other firms 6. What are your business growth plans and objectives over the next 3 - 5 years? 7. Please provide an organizational chart and representative client list. 8. Please provide proof or certification of your status as a veteran-, minority- and women-owned enterprise. 9. Please provide proof of financial stability. 10. Please provide proof of applicable insurance coverage. Also, list any pertinent insurance claims in the past 3 years. 11. Please concisely describe the services you are proposing (1-2 paragraphs): B. History and Experience 1. Briefly describe your firm's history, from founding to present. 2. Please list the number of full-time employees. What was the total staff turnover for the past five years? 3. Please describe any past experience you have partnering with investment managers or offering your services to an investment manager in any relevant capacity. 4. Has your firm had experience as a manager of or partner to a manager of privately offered funds? If so, please summarize your procedures for ensuring compliance with private placement regulations under U.S. securities laws. C. Firm Procedures and Required Documentation 1. What state or federal licenses or registrations does your company have? 2. Has the firm established a Code of Ethics and/or formal compliance procedures? Please explain and provide copies of the documents if available. 3
  • 6. 3. Please list the primary systems used for day to day activities. What backup procedures are in place? Do you have detailed, documented Information Security standards and procedures? What procedures are in place to protect the confidentiality of your clients and their data? D. Capital Raising Services 1. Please provide a table showing the dollar amount of capital raised categorized by specific asset type and strategy, by geographic region and by quarter/year. 2. Please provide a detailed background which reflects your access to funds. Include: Geography and Investor type (e.g. pension, endowment, high net worth, banks, insurance companies, sovereign wealth funds, central banks, etc). 3. Please provide an in-depth background on your technical expertise and abilities to market various asset classes. (E.g. fixed income sectors, structured finance, distressed debt, merger arb, etc). 4. Please attach a sample presentation and pitch (remove all proprietary information). 5. Please discuss your organization’s distribution strengths and weaknesses. 6. Who are the persons who would be assigned to this project? Please provide biographies for these persons, including their technical degree. 7. Please provide a sample contract or comment on pricing structure (up-front, on-going, deferred). 8. How do you expect expenses to be incurred and will they be passed directly onto PIMCO or does your pricing structure reflect the costs? E. Regulatory or Contractual Actions 1. Has your company or any of its officers, partners or directors or persons controlling your company (“Representatives”) been the subject of any investigation, proceeding, or had a complaint filed, with any state or federal regulatory agency or office in the past five years? Has your company or any of its Representatives ever had a license to do business, an agent/broker license or any other insurance license revoked or suspended? Has your company or any of its Representatives ever been reprimanded, disciplined or otherwise cited by a licensing agency? When was your most recent examination or audit by a licensing agency? If any of these apply, please describe fully. 2. Disclose the extent to which your Company or any of its Representatives has been sued, or had other legal action initiated by clients, within the last five years. 3. Identify and describe any past, pending or threatened judicial or administrative litigation (including lawsuits or protests) in which you have litigated against a client or prospective client, within the past five years, related to the type of services you are proposing. Indicate the reasons for the lawsuit/protest and the outcome. Provide contact information for the entity sued or challenged. 4. Describe any incident within the past five years in which your business has had a contract terminated for default. Termination for default is defined as notice to stop performance due to your organization’s non- performance or poor performance and the issue was either not litigated or litigated and such litigation determined your organization to be in default. Submit full details of all termination for default experienced by your firm during the past five years including the other party’s name, address, telephone number and 4
  • 7. your firm’s position on the matter. PIMCO will evaluate the facts and may, at its sole discretion, reject your firm’s proposal if the facts discovered indicate that completion of a contract resulting from this RFI may be jeopardized by selection of your firm. If your firm has experienced no termination for default in the past five years, so indicate. 5. Has your company or its subsidiaries or any of its or their Representatives ever filed or been petitioned into bankruptcy or insolvency or has your company ever made any assignment for the benefit of your creditors? If so, provide complete details. 6. Please describe any potential conflicts of interest your firm may have. Include a description of any other business affiliations and whether or not they may be perceived as a conflict of interest. 7. In the past ten years, has your company or any of its Representatives (i) been convicted of or plead guilty or nolo contendere in a domestic, foreign, or military court to any felony? Or (ii)been charged with a felony? 8. Please describe any aspect of your company and its personnel that you may have reason to believe may disqualify any of them from engaging in work involving United States governmental agencies or instrumentalities. F. Additional Information 1. What distinguishing features of your firm set you apart from the competition? 2. Provide any additional data your business believes essential to the evaluation of your Proposal. 3. Provide as references five clients with whom you have worked in the past five years providing services you consider most similar to those requested by PIMCO in this RFI. Provide a contact name, e-mail address, mailing address, and phone number so that PIMCO may contact these references. Include, if applicable, the approximate number of participants, client size, and a brief description of services provided. 5
  • 8. SUBMISSION REQUIREMENTS AND GENERAL INFORMATION This RFI represents the initiation of a competitive process designed to obtain the services of the most competent bidder consistent with PIMCO’s general contracting requirements. PIMCO will follow the general guidelines below in evaluating those Proposals, selecting successful contractors, and awarding Contracts. PIMCO shall have sole discretion over the evaluation of the Proposals. Proposals will be evaluated at two primary levels: Responsiveness to General Requirements and Technical Competence. A. Responsiveness to General Requirements A valid Proposal must be deemed responsive to the RFI. Responsiveness will be determined based on the completeness of RFI responses. B. Technical Competence 1. PIMCO has designated staff to evaluate/score the Technical Competence of all proposals using objective evaluation criteria relevant for this area. All written responses to the RFI questionnaire will be considered and evaluated. 2. Verification of Proposal and Contract Negotiation - All applicable Contractual requirements must be met by the Proposer. The successful Proposer must, in a timely manner, enter into such Contract with the Contracting authority as may be necessary to implement services. Failure of the Proposer to successfully agree to the terms of a Contract within the allocated time period may be grounds for the Contracting authority to award the Contract to another Proposer. 3. Proposal Selection - Selection of a Proposal will be made for the Proposal with the best combination of experience, and quality of service delivery. 4. Execution of Contract - Unless otherwise stated, Proposals submitted shall be irrevocable for a period of 180 days following the Proposal submission date. A response to this RFI is an offer to Contract with PIMCO based upon the terms, conditions, service level agreement, and specifications contained in the Proposal submitted. A Contract will be developed after PIMCO makes an initial Proposal selection. However, selection of a Proposal does not represent an obligation of PIMCO to enter into a Contract with the Proposer, and PIMCO may elect to terminate the RFI and reject all proposals at any time prior to execution of a Contract. Execution of a Contract is dependent upon the Proposer and PIMCO agreeing on all terms and conditions of the final Contract. The Proposer(s) to whom a Contract is awarded shall be required to enter into a written Contract with PIMCO in a form approved by PIMCO. This RFI and the Proposal, in whole or in part, may be incorporated into the final Contract. 5. General Reservations - The Proposer may not make any changes, additions or modifications to its Proposal after the deadline for receipt of proposals PIMCO will reject any proposal materially enhanced or modified after it has been submitted but before an initial selection has been made. 6
  • 9. PIMCO reserves the right to withdraw this RFI at any time without prior notice. PIMCO makes no representation that any Contract will be awarded to any Proposer responding to the RFI. PIMCO reserves the right to reject any or all submissions. PIMCO reserves the right to require an interview in order to clarify vendor responses to questions in the RFI. If an inadequate number of proposals is received or the proposals received are deemed non-responsive, not qualified or not cost effective, PIMCO may at its sole discretion reissue the RFI or execute a sole-source Contract with a vendor. PIMCO reserves the right to verify all information in the proposal. C. Submission The email response must be provided in a Microsoft Word (version 97 or higher) file no later than 5:00 p.m. Pacific Standard Time of the stated Proposal due date. The email response must include the following in the subject line: “PIMCO Capital Raising RFI”, followed by your company name. Final RFI responses should be emailed to: Contact: The Business Outreach Team Email: boparticipation@pimco.com 7

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