LP profile · Pension fund
General Electric Pension Trust
General Electric Pension Trust is a pension fund headquartered in United States (North America). Ranked #117 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The General Electric Pension Trust was established to manage the pension and retirement funds for the employees of General Electric.
- In 1988, the in-house pension fund management was formally organized as GE Asset Management, which served as both a center for managing the company's own pension assets and as a revenue-generating asset manager for external clients.
Source of Capital
- The trust is a single-employer corporate pension fund.
- Its capital is derived from contributions made by General Electric to fund the retirement benefits of its eligible employees.
Major Events
- In 2016, State Street Corporation reached an agreement with General Electric to acquire GE Asset Management.
- General Electric announced in 2019 that it would freeze its defined benefit pension plan for approximately 20,000 salaried employees.
- As of January 1, 2023, the GE Pension Plan was divided, with each of the three new standalone GE businesses (GE Aerospace, GE Vernova, and GE HealthCare) sponsoring and managing a separate pension plan for its respective employees and retirees.
Allocation Strategy
- The GE Pension team is responsible for global pension asset oversight, which includes asset allocation, portfolio construction, manager selection, and risk management.
- No information available.
- No information available.
Sources
- https://www.ipe.com/comment/why-general-electrics-pension-management-model-has-finally-passed-its-prime/10072436.article
- https://www.forbes.com/sites/johnmauldin/2019/10/21/how-ge-screwed-over-its-retirees/
- https://www.ge.com/news/press-releases/ge-and-state-street-corporation-announce-agreement-state-street-acquire-ge-asset
- https://www.ge.com/sites/default/files/u.s.-ge-savings-and-retirement-faqs-former-employees.pdf
- https://www.sbai.org/resource/sbai-welcomes-new-stakeholders-cryder-capital-harvard-management-company-heard-capital-general-electric-pension-trust-and-machina-capital.html