GM
LP profile
General Motors Hourly-Rate Employees Pension Plan
Pension fund · Founded 1950 · Detroit, United States
13
VC firms backed
$54B
AUM
~$540M
Allocated to VC (est. 1%)
01 · Background
Who General Motors Hourly-Rate Employees Pension Plan is.
- Historical Background
- The General Motors Hourly-Rate Employees Pension Plan is a defined benefit pension plan established in 1950. It was created through an agreement between the predecessor to General Motors and the United Auto Workers (UAW) union to provide retirement income for its hourly workforce.
- Source of Capital
- The plan's capital is funded by General Motors to meet its pension obligations to hourly-rate employees and retirees. It is a corporate pension fund, meaning the assets are set aside by the company to provide for the retirement, disability, and death benefits of its plan participants.
- Allocation Strategy
- The plan's investments are managed by the General Motors Investment Management Corporation (GMIMCo), which serves as the named fiduciary for investment purposes.
02 · Fund commitments
The funds General Motors Hourly-Rate Employees Pension Plan backs.
General Motors Hourly-Rate Employees Pension Plan is a limited partner in 13 funds. 12 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Accel
#4 Power Law
Andreessen Horowitz
#5 Power Law
Insight Partners
#23 Power Law
Redpoint
#42 Power Law
CRV
#49 Power Law
Spark Capital
#51 Power Law
Battery Ventures
#54 Power Law
Venrock
#56 Power Law
Social Capital
#82 Power Law
Mayfield
#134 Power Law
Foundation Capital
#155 Power Law
Trinity Ventures
#283 Power Law
DJI Innovations
03 · Allocation
How General Motors Hourly-Rate Employees Pension Plan’s fund book is spread.
The 13 funds General Motors Hourly-Rate Employees Pension Plan 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 1292%
- Rest of world 18%
United States 12 · China 1
How established those managers are
Managers grouped by how many funds they have raised — across the 10 of 13 with a fund history on record.
Emerging funds · 2
Established funds · 8
1
1
2
1
3
4
5-6
2
7-9
3
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 General Motors Hourly-Rate Employees Pension Plan by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
State of Michigan Retirement Systems
$100B AUM
49 VC funds backed
🇬🇧
Hampshire Pension Fund
$9.0B AUM
48 VC funds backed
🏳️
Tennessee Consolidated Retirement System
$58B AUM
28 VC funds backed
🇺🇸
Lockheed Martin Master Retirement Trust
$24B AUM
37 VC funds backed
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BP Master Trust For Employee Pension Plans
$13B AUM
26 VC funds backed
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Co-Op Retirement Plan
$15B AUM
31 VC funds backed
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Iowa Public Employees' Retirement System
$42B AUM
64 VC funds backed
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Virginia Retirement System
$100B AUM
72 VC funds backed