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Corporate pension plans that invest in venture funds

9 corporate pension plans that report the venture funds they hold: 109 holdings in all, and 4 still adding venture funds.

  • Start with the most active. Ranked by the venture funds each reports holding, with what it holds and how to reach it.
  • Know what’s new. 4 of them are still adding venture funds, by their latest reports.
  • From their own reports. Each plan’s partnership interests are from the schedule of assets attached to its Form 5500, at current value.

Find LPs for your fund Emerging-manager programs

109 venture fund holdings across 9 corporate pension plans

Corporate pension plans holding the most venture funds
Corporate pension plans holding the most venture fundsCorporate pension plans holding the most venture funds. Deseret Mutual Master Retirement Plan: 57; Dow Employees' Pension Plan: 34; The Citigroup Pension Plan: 9; 3M Employee Retirement Income Plan: 7; Nextera Energy, Inc. Employee Pension Plan: 1; Yale University Retirement Plan for Staff Employees: 1.Deseret Mutual Master Retirem…Deseret Mutual Master Retirement Plan: 5757Dow Employees' Pension PlanDow Employees' Pension Plan: 3434The Citigroup Pension PlanThe Citigroup Pension Plan: 993M Employee Retirement Income…3M Employee Retirement Income Plan: 77Nextera Energy, Inc. Employee…Nextera Energy, Inc. Employee Pension Plan: 11Yale University Retirement Pl…Yale University Retirement Plan for Staff Employees: 11
The numbers
LPVenture funds
Deseret Mutual Master Retirement Plan57
Dow Employees' Pension Plan34
The Citigroup Pension Plan9
3M Employee Retirement Income Plan7
Nextera Energy, Inc. Employee Pension Plan1
Yale University Retirement Plan for Staff Employees1
#LPLocationVenture fundsIn venture fundsTotal assets
1Deseret Mutual Master Retirement PlanCorporate pension plan · as of December 31, 2024Salt Lake CityUT57$594M$7.1B
2Dow Employees' Pension PlanCorporate pension plan · as of December 31, 2024MidlandMI34$289M$10.9B
3The Citigroup Pension PlanCorporate pension plan · as of December 31, 2024StamfordCT9$68M$10B
43M Employee Retirement Income PlanCorporate pension plan · as of December 31, 2024St. PaulMN7$115M$8.9B
5Yale University Retirement Plan for Staff EmployeesCorporate pension plan · as of June 30, 2025New HavenCT1$2.9M$2.3B
6Nextera Energy, Inc. Employee Pension PlanCorporate pension plan · as of December 31, 2024Juno BeachFL1$1.7M$5.3B
7BJC Pension PlanCorporate pension plan · as of December 31, 2024St. LouisMO0—$2.7B
8Firstenergy Corp. Master Pension PlanCorporate pension plan · as of December 31, 2024AkronOH0—$6.5B
9Shell Pension PlanCorporate pension plan · as of December 31, 2024HoustonTX0—$9.7B

Other LPs

Private foundations Public pension plans Government funds of funds Registered funds Insurers Union pension plans All LPs

About the data

A fund counts as venture when its manager is in the fund index or the venture adviser directory, or, on a foundation’s return, when it is named as a venture fund; funds are linked to managers by name, and a match can be wrong. An LP is “still adding venture funds” when its latest report shows a fund from the last three years or one that wasn’t on the report before. Each LP’s page says what its amounts are and how old its report is. Organizations only: no individuals are listed.

Data feeds: latest LP reports (RSS) · every LP as CSV · the free weekly email for managers raising.

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