SM
LP profile
SBC Master Pension Trust
Pension fund · Founded 1984 · Dallas, United States
107
VC firms backed
$58B
AUM
~$578M
Allocated to VC (est. 1%)
01 · Background
Who SBC Master Pension Trust is.
- Historical Background
- The SBC Master Pension Trust was established in 1984. It serves as a holding trust for the assets of two U.S.-defined benefit pension plans sponsored by AT&T and its affiliates.
- Source of Capital
- The trust's capital is sourced from the pension funds for employees of the American telecommunications company, AT&T. It provides retirement benefits for the various corporate employees and their beneficiaries associated with AT&T.
- Major Events
- The trust agreement was notably amended and restated on February 1, 2012.
02 · Fund commitments
The funds SBC Master Pension Trust backs.
SBC Master Pension Trust is a limited partner in 107 funds. 29 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
Lightspeed Venture Partners
#7 Power Law
New Enterprise Associates
#8 Power Law
Kleiner Perkins
#18 Power Law
Insight Partners
#23 Power Law
Benchmark
#47 Power Law
CRV
#49 Power Law
Battery Ventures
#54 Power Law
Partech
#72 Power Law
Menlo Ventures
#75 Power Law
Greycroft Partners
#76 Power Law
3i Group
Abingworth
Alta Berkeley Venture Partners
Ardian
Capital Today
CBC Capital
CITIC Capital
Doughty Hanson Technology Ventures
Maven Capital Partners
MTI Partners
Orchid Asia Group Management
Rock Creek Capital
SCALE Aviation
Sofinnova Partners
SV Health Investors
03 · Allocation
How SBC Master Pension Trust’s fund book is spread.
The 107 funds SBC Master Pension Trust backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 106 of 107 with a location on record.
- North America 9186%
- Europe 1110%
- Rest of world 44%
United States 91 · United Kingdom 7 · France 3 · China 2
How established those managers are
Managers grouped by how many funds they have raised — across the 53 of 107 with a fund history on record.
Emerging funds · 18
Established funds · 35
9
1
5
2
4
3
4
4
8
5-6
6
7-9
7
10-14
10
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to SBC Master Pension Trust by combined power-law score — North America first, then the nearest worldwide.
🇺🇸
CalPERS
$502B AUM
312 VC funds backed
🇺🇸
HP Incorporated Master Trust
$13B AUM
58 VC funds backed
🇺🇸
UTIMCO
$66B AUM
140 VC funds backed
🇺🇸
MIT Basic Retirement Plan
$3.0B AUM
60 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