COMPREHENSIVE CREDIT MARKET PERFORMANCE DATA SUBSCRIPTION SERVICES

GENERAL PURPOSE

1.0 Purpose

The contractor shall provide research data subscription services to the Office of Capital Markets (OCM) to provide comprehensive performance data regarding the opaque and decentralized private credit market; this data must provide detailed and accurate views into fund performance for global private credit funds to support benchmarking and portfolio analysis; including making propriety data available to reveal fundraising trends, capital deployment, exposure, participants in the market, and longitudinal performance data for private credit, spanning individual funds as well as aggregated index benchmarks. 

1. Acquisition Approach

The Treasury has not determined the acquisition approach. Any results of this Sources Sought will assist the Treasury Departmental Offices and the Departmental Offices & Enterprise Procurement Branch, Treasury Common Services Center – Acquisition Services (TCSC) in determining an acquisition strategy about how to proceed.

SOURCES SOUGHT REQUIREMENTS

2.0 Description of Information Requested

TCSC Acquisition Services is requesting information regarding the respondents’ capabilities in providing the aforementioned required.

1. Provide company information, to include:
   1. Company name and address;
   2. Size of company (number of personnel, total revenue, ownership, parent corporation, etc.);
   3. Unique Entity Identifier (UEI)
   4. Company point(s) of contact including name, phone number, address, and email; length of time in business;
   5. Geographic presence;
   6. Company experience in providing valuation services to government or commercial entities; 
   7. Provide any pertinent information that will assist us in this assessment.
   8. Contract Number and value/capacity; and
   9. Available Strategic Contracts (e.g., GSA, Indefinite Delivery Indefinite Quantity (IDIQ) contract allowing decentralized ordering, etc.). Please identify type of “ordering” contract (e.g., GSA Multiple Award Schedule, GSA Professional Service Schedule, etc.).

2.1 Technical Requirements

The contractor’s solution must provide an accessible software platform (with excel add-ins and export plugins) that provides the following data regarding private credit markets:

2.1.1 Fund-Level Data

1. Fund profiles (strategy, vintage, size, geography)
2. Fund status (raising, closed, liquidated)
3. Fund terms (fees, carry, hurdle rates where available)
4. Fundraising timelines and targets
5. Fund-level performance metrics (IRR, multiples)

2.1.2 Performance and Benchmarking

1. Net IRR, DPI, RVPI, TVPI
2. Quartile rankings
3. Benchmark indices by strategy, geography, and vintage year
4. Public Market Equivalent (PME) comparisons
5. Cash flow data (capital calls and distributions)

2.1.3 Deal and Transaction Data

1. Loan and deal-level records
2. Deal size, structure, and type
3. Borrower/company details
4. Sponsor-backed and direct lending classification
5. Entry and exit data where available
6. Historical deal flow and activity trends

2.1.4 Investor Data

1. Institutional investors allocating to private credit
2. Allocation strategies and preferences
3. Commitment history
4. Target fund sizes, regions, and strategies
5. Contact and relationship intelligence

2.1.5 Market Activity Data

1. Capital raised by private credit funds
2. Dry powder
3. Fundraising trends
4. Pipeline of funds
5. Investor allocation trends

2.1.6 Strategy Coverage

1. Direct lending
2. Mezzanine debt
3. Distressed debt
4. Special situations
5. Venture debt
6. Real estate debt
7. Infrastructure debt

2.1.7 Company Data

1. Portfolio companies
2. Industry classification
3. Financial characteristics where available
4. Sponsor relationships

INSTRUCTIONS AND RESPONSE GUIDELINES

Responses to this Sources Sought may be provided through a capabilities statement which shall include the information listed in 2.0 and 2.1. This Sources Sought is for information and planning purposes only and shall not be construed as a solicitation or an obligation on the part of the Treasury to issue a request for proposal or award a contract. Treasury does not intend to award a contract on the basis of responses nor otherwise pay for the preparation of any information submitted. Contractors responding to this Sources Sought should submit the information necessary for the Treasury to make a determination that the source is capable of satisfying the Government’s anticipated need. Treasury reserves the right to contact individual companies for additional information. This notice does not obligate the Treasury to provide acknowledgment or receipt of all responses received resulting from this notice.  Should such a requirement materialize, no basis for claims against the Treasury shall arise as a result of a response to this Sources Sought or the Government's use of such information as either part of our evaluation process or in developing specifications for any subsequent requirement. Responses should be identified with Sources Sought #2032L226N00050 and are due no later than Thursday, April 30, 2026 at 2:00 PM EDT. All interested parties must submit their responses via email to: Angela Gallo, Contracting Specialist via email at Angela.Gallo@treasury.gov. Questions (oral or written) regarding this Sources Sought will NOT be accepted, nor responses to such questions provided. This Sources Sought is for planning purposes only and does not commit the government to pay for the information requested, issue a solicitation, or award a contract. No solicitation document exists at this time.