LP profile

UPHS Illiquid Assets Pool

Pension fund · Charlotte Amalie, United States Virgin Islands

#33 LP Ranking #15 of 1,316 pension funds

Private sector pension fund based in Philadelphia, US

17 VC firms backed

01 · Background

Who UPHS Illiquid Assets Pool is.

Historical Background: UPHS Illiquid Assets Pool is a corporate pension fund established for the benefit of the employees of the University of Pennsylvania Health System. The fund is based in Philadelphia, Pennsylvania, aligning with the health system's primary location.
Source of Capital: The fund's capital is derived from contributions made to the single-employer-defined contribution corporate pension plan. It functions as a retirement and pension benefits plan for the eligible employees of the University of Pennsylvania Health System.
Allocation Strategy: The pool's name indicates a focus on illiquid, alternative assets, which typically includes private equity and venture capital. The fund operates as a limited partner, committing capital to external fund managers. For example, it has invested in funds managed by Andreessen Horowitz. As a pension plan, its objective is to generate long-term returns to meet its obligations to the health system's employees.

Sources

02 · Fund commitments

The funds UPHS Illiquid Assets Pool backs.

UPHS Illiquid Assets Pool is a limited partner in 17 funds. 12 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

Nexus Venture Partners

Capricorn Investment Group

United States

HSG

China

03 · Allocation

How UPHS Illiquid Assets Pool’s fund book is spread.

The 17 funds UPHS Illiquid Assets Pool 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 1588%
Rest of world 212%

United States 15 · China 1 · India 1

How established those managers are

Managers grouped by how many funds they have raised — across the 14 of 17 with a fund history on record.

Emerging funds · 4

Established funds · 10

1 1

1 2

2 3

2 4

5-6

4 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 UPHS Illiquid Assets Pool by combined power-law score, with the assets each one manages and how many VC funds it backs.

🇺🇸

The Pension Benefit Guaranty Corporation (PBGC)

LP rank #21 · United States

$123B AUM 105 VC funds backed

🇺🇸

Lucent Technologies Master Pension Trust

LP rank #26 · United States

$13B AUM 52 VC funds backed

🇺🇸

Bell Atlantic Master Trust

LP rank #29 · United States

$8.0B AUM 55 VC funds backed