HI
LP profile
HP Incorporated Master Trust
Pension fund · Founded 2003 · Spring, United States
60
VC firms backed
$13B
AUM
~$130M
Allocated to VC (est. 1%)
01 · Background
Who HP Incorporated Master Trust is.
- Historical Background
- The HP Incorporated Master Trust was established in 2003. It functions as a corporate pension plan to provide retirement, death, and disability benefits for the employees of HP Inc.
- Source of Capital
- The trust's capital is sourced from employee and employer contributions as part of the HP Inc. 401(k) retirement savings plan. It is a defined contribution plan that serves the employees of the technology company HP Inc.
- Allocation Strategy
- The trust's primary purpose is to manage retirement assets for HP employees through various investment options.
02 · Fund commitments
The funds HP Incorporated Master Trust backs.
HP Incorporated Master Trust is a limited partner in 60 funds. 32 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Sequoia Capital
#2 Power Law

Accel
#4 Power Law

Andreessen Horowitz
#5 Power Law

New Enterprise Associates
#8 Power Law

Index Ventures
#11 Power Law

Kleiner Perkins
#18 Power Law

Insight Partners
#23 Power Law

IDG Capital
#27 Power Law

Redpoint
#42 Power Law

Bain Capital Ventures
#44 Power Law

Benchmark
#47 Power Law

CRV
#49 Power Law

Battery Ventures
#54 Power Law

Venrock
#56 Power Law

Balderton Capital
#59 Power Law

Peak XV Partners
#207 Power Law

Abingworth

HSG

SCALE Aviation
03 · Allocation
How HP Incorporated Master Trust’s fund book is spread.
The 60 funds HP Incorporated Master Trust 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 5388%
- Europe 47%
- Rest of world 35%
United States 53 · United Kingdom 3 · China 2 · India 1
How established those managers are
Managers grouped by how many funds they have raised — across the 35 of 60 with a fund history on record.
Emerging funds · 7
Established funds · 28
3
1
1
2
3
3
3
4
5
5-6
7
7-9
5
10-14
8
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to HP Incorporated Master Trust by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
CalPERS
$502B AUM
312 VC funds backed
🇺🇸
UTIMCO
$66B AUM
140 VC funds backed
🇺🇸
MIT Basic Retirement Plan
$3.0B AUM
60 VC funds backed
🇺🇸
SBC Master Pension Trust
$58B AUM
92 VC funds backed
🇺🇸
Retirement Plan of Duke University
$8.5B AUM
71 VC funds backed
🇺🇸
Liberty Mutual Retirement Benefit Plan
$100B AUM
59 VC funds backed
🇺🇸
University of California Board of Regents
$152B AUM
69 VC funds backed
🇺🇸
Operating Engineers Trust Fund of Washington D.C. and Vicinity
$1.5B AUM
52 VC funds backed