LP
LP profile
Legacy Plan of the National Retirement Fund
Pension fund · Founded 1950 · White Plains, United States
20
VC firms backed
$1.0B
AUM
~$10M
Allocated to VC (est. 1%)
01 · Background
Who Legacy Plan of the National Retirement Fund is.
- Historical Background
- The National Retirement Fund was formed in the mid-2000s through the merger of numerous pension plans. These predecessor plans covered workers across various industries, including clothing, hospitality, food service, gaming, laundry, and textiles.
- Source of Capital
- The plan is a multi-employer defined benefit pension fund. Its capital is derived from employer contributions and income generated from the fund's investments.
- Major Events
- In March 2016, the plan's actuary certified that the Legacy Plan was in "critical status." As a result of its financial status, a rehabilitation plan was adopted which could lead to the reduction of certain adjustable benefits for participants.
02 · Fund commitments
The funds Legacy Plan of the National Retirement Fund backs.
Legacy Plan of the National Retirement Fund is a limited partner in 20 funds. 6 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Accel
#4 Power Law
Andreessen Horowitz
#5 Power Law
New Enterprise Associates
#8 Power Law
IDG Capital
#27 Power Law
OrbiMed
#98 Power Law
North Bridge Venture Partners
#328 Power Law
Audax Private Equity
Decheng Capital
Doughty Hanson Technology Ventures
Elevation Capital
Escalate Capital Partners
Hamilton Lane
HighCape Partners
Intersouth Partners
Landmark Partners
Lazard Technology Partners
M/C Partners
Orchid Asia Group Management
03 · Allocation
How Legacy Plan of the National Retirement Fund’s fund book is spread.
The 20 funds Legacy Plan of the National Retirement Fund 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 1470%
- Rest of world 420%
- Europe 210%
United States 14 · China 2 · United Kingdom 2 · Hong Kong 1
How established those managers are
Managers grouped by how many funds they have raised — across the 12 of 20 with a fund history on record.
Emerging funds · 5
Established funds · 7
4
1
1
2
3
4
2
5-6
1
7-9
1
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 Legacy Plan of the National Retirement Fund by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
Memorial Sloan-Kettering Cancer Center Pension Plan
$5.6B AUM
23 VC funds backed
🇬🇧
West Midlands Pension Fund
$25B AUM
69 VC funds backed
🇺🇸
Teacher Retirement System of Texas
$198B AUM
41 VC funds backed
🇺🇸
New York State Nurses Association Pension Plan
$2.0B AUM
64 VC funds backed
🇺🇸
Maryland State Retirement
$69B AUM
101 VC funds backed
🇺🇸
Arizona State Retirement System
$50B AUM
69 VC funds backed
🇺🇸
Indiana Public Employees' Defined Benefit Account
$44B AUM
34 VC funds backed
🇺🇸
Citigroup Pension Plan
$9.8B AUM
38 VC funds backed