BM
LP profile
BP Master Trust For Employee Pension Plans
Pension fund · Houston, United States
29
VC firms backed
$13B
AUM
~$125M
Allocated to VC (est. 1%)
01 · Background
Who BP Master Trust For Employee Pension Plans is.
- Historical Background
- The BP Master Trust For Employee Pension Plans is a defined benefit corporate pension plan. It is subject to the Employee Retirement Income Security Act of 1974 (ERISA), which sets minimum standards for most voluntarily established retirement and health plans in private industry.
- Source of Capital
- The trust's capital is sourced from contributions made by BP on behalf of its employees to fund their retirement benefits. It functions as a pension fund, providing retirement, disability, and death benefits to the eligible employees of BP and its subsidiaries.
- Major Events
- In 2023, a Texas judge ruled in favor of approximately 7,000 BP retirees in a class-action lawsuit. The suit, filed in 2019, alleged that BP had manipulated their pension plans, resulting in lower retirement benefits.
- Allocation Strategy
- The assets of the pension fund are managed by an internal BP team. The plan's assets are held in the BP Master Trust for Employee Savings Plans.
02 · Fund commitments
The funds BP Master Trust For Employee Pension Plans backs.
BP Master Trust For Employee Pension Plans is a limited partner in 29 funds. 10 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Sequoia Capital
#2 Power Law
New Enterprise Associates
#8 Power Law
Redpoint
#42 Power Law
CRV
#49 Power Law
Spark Capital
#51 Power Law
Battery Ventures
#54 Power Law
TCV
#67 Power Law
Warburg Pincus
#233 Power Law
InterWest Partners
#395 Power Law
Tenaya Capital
#449 Power Law
Advent International
Catamount Ventures
Doughty Hanson Technology Ventures
HSG
SCALE Aviation
03 · Allocation
How BP Master Trust For Employee Pension Plans’ fund book is spread.
The 29 funds BP Master Trust For Employee Pension Plans backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 2690%
- Europe 27%
- Rest of world 13%
United States 26 · China 1 · Ireland 1 · United Kingdom 1
How established those managers are
Managers grouped by how many funds they have raised — across the 12 of 29 with a fund history on record.
Emerging funds · 2
Established funds · 10
1
1
2
1
3
4
1
5-6
1
7-9
5
10-14
3
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to BP Master Trust For Employee Pension Plans by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
STRS Ohio
$95B AUM
106 VC funds backed
🇺🇸
State of Michigan
$96B AUM
55 VC funds backed
🇺🇸
State of Michigan Retirement Systems
$100B AUM
49 VC funds backed
🇬🇧
Hampshire Pension Fund
$9.0B AUM
48 VC funds backed
🇺🇸
Bessemer Trust
$45B AUM
26 VC funds backed
🇺🇸
Lockheed Martin Master Retirement Trust
$24B AUM
37 VC funds backed
🇺🇸
Co-Op Retirement Plan
$15B AUM
31 VC funds backed
🇺🇸
General Motors Hourly-Rate Employees Pension Plan
$54B AUM
12 VC funds backed