HP
LP profile
HP Pension Plan
Pension fund · Founded 1976 · Spring, United States
25
VC firms backed
$5.2B
AUM
~$52M
Allocated to VC (est. 1%)
01 · Background
Who HP Pension Plan is.
- Historical Background
- The HP Pension Plan is a retirement benefits scheme established under a trust for the employees of Hewlett-Packard. Following the separation of Hewlett-Packard into HP Inc. and Hewlett Packard Enterprise (HPE) in 2015, the pension obligations were also separated, with each company maintaining its own set of plans.
- Source of Capital
- The plan's capital is derived from contributions made by Hewlett-Packard (and now HP Inc. and HPE) to fund the pension benefits for its employees and retirees. These are defined benefit pension plans, where the employer is responsible for ensuring there are sufficient funds to meet its obligations to pensioners.
- Major Events
- In 2015, in conjunction with the company's separation, the pension plans were divided between HP Inc. and Hewlett Packard Enterprise. In 2021, the HP Inc. Pension Plan began a process of de-risking by purchasing a group annuity contract from Prudential to transfer a portion of its pension obligations.
02 · Fund commitments
The funds HP Pension Plan backs.
HP Pension Plan is a limited partner in 25 funds. 13 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Sequoia Capital
#2 Power Law
Accel
#4 Power Law
Kleiner Perkins
#18 Power Law
Insight Partners
#23 Power Law
Benchmark
#47 Power Law
CRV
#49 Power Law
Balderton Capital
#59 Power Law
TCV
#67 Power Law
Threshold Ventures
#115 Power Law
Mayfield
#134 Power Law
Foundation Capital
#155 Power Law
Highland Capital Partners
#192 Power Law
August Capital
#462 Power Law
SCALE Aviation
03 · Allocation
How HP Pension Plan’s fund book is spread.
The 25 funds HP 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 2392%
- Europe 28%
United States 23 · Ireland 1 · United Kingdom 1
How established those managers are
Managers grouped by how many funds they have raised — across the 10 of 25 with a fund history on record.
Emerging funds · 1
Established funds · 9
1
2
1
3
1
4
1
5-6
2
7-9
2
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 HP Pension Plan by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Mayo Pension Plan
$12B AUM
53 VC funds backed
🇺🇸
CalSTRS
$311B AUM
126 VC funds backed
🇺🇸
The Boeing Company Employee Retirement Plans Master Trust
$68B AUM
40 VC funds backed
🇺🇸
HP Deferred Profit-Sharing Plan
$463M AUM
26 VC funds backed
🇺🇸
Agilent Technologies Deferred Profit-Sharing Plan
$141M AUM
24 VC funds backed
🇺🇸
Agilent Technologies Retirement Plan
$1.8B AUM
24 VC funds backed
🇺🇸
Arkansas Teacher Retirement System
$23B AUM
50 VC funds backed
🇺🇸
Sidley Austin Master Pension Trust
$1.1B AUM
43 VC funds backed