LP profile

Lockheed Martin Master Retirement Trust

Pension fund · North Bethesda, United States

#111 LP Ranking #52 of 1,316 pension funds

43 VC firms backed

$24B AUM

~$240M Allocated to VC (est. 1%)

01 · Background

Who Lockheed Martin Master Retirement Trust is.

Historical Background: The Lockheed Martin Master Retirement Trust is the legal entity for the company's employee benefit plans, including pension and 401(k) plans. A significant historical event occurred on July 19, 2013, when the Lockheed Martin Corporation Retirement Savings Plan for Salaried Employees was merged into the master trust.
Source of Capital: The trust's capital is derived from the assets of the Lockheed Martin Corporation's various employee retirement and savings plans. These funds consist of contributions made by both the company and its employees to their pension and 401(k) accounts.
Major Events: The trust has engaged in de-risking activities by purchasing group annuity contracts to handle its pension obligations. In 2021 and 2022, the trust transferred a portion of its pension obligations to Athene. The trust also purchased group annuity contracts from Metropolitan Tower Life Insurance Company in 2019 and 2020 to provide annuity benefits to retirees.

Sources

02 · Fund commitments

The funds Lockheed Martin Master Retirement Trust backs.

Lockheed Martin Master Retirement Trust is a limited partner in 43 funds. 16 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Lightspeed Venture Partners

United States

#7 Power Law

Bessemer Venture Partners

Boyu Capital

China

China Everbright Limited

Hong Kong

Elevation Capital

India

Keytone Ventures

China

SB China Capital

China

Vitruvian Partners

United Kingdom

03 · Allocation

How Lockheed Martin Master Retirement Trust’s fund book is spread.

The 43 funds Lockheed Martin Master Retirement 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 3581%
Rest of world 716%
Europe 12%

United States 35 · China 4 · Hong Kong 2 · India 1

How established those managers are

Managers grouped by how many funds they have raised — across the 30 of 43 with a fund history on record.

Emerging funds · 9

Established funds · 21

2 1

3 2

4 3

2 4

3 5-6

5 7-9

7 10-14

4 15+

Funds raised by the manager

04 · Other LPs

Other LPs.

Other pension funds in the Power Law LP ranking, closest to Lockheed Martin Master Retirement Trust by combined power-law score — North America first, then the nearest worldwide.

🇺🇸

National Automatic Sprinkler Industry Pension Fund

LP rank #95 · United States

$1.7B AUM 57 VC funds backed

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STRS Ohio

LP rank #96 · United States

$95B AUM 106 VC funds backed

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State of Michigan

LP rank #97 · United States

$96B AUM 55 VC funds backed