Capital Allocators

NAIC has engaged with over 80 capital allocators via the NAIC Institutional Roadshows and its regular course of business. These capital allocators manage over $2.5 trillion collectively. Additionally, NAIC has engaged with eight investment advisors with close to $7 trillion under advisement in the aggregate.

Assets Under Management:

$18.6

billion

Total Commitments:

365

State Universities Retirement System (SURS) is a public pension fund based in Champaign, Illinois. The Governor and General Assembly founded the SURS in 1941 as an administrator of benefits for employees of the University of Illinois. The pension fund provides retirement, survivor, disability and death benefits to the employees of public universities, community colleges, and other affiliated state agencies. The assets of the pension fund are governed by an eleven-member board of trustees and by the executive and investment committee.
Contact Information

Address

1901 Fox Drive
Champaign, Illinois
Kim Pollitt
Senior Investment Officer
Assets Under Management:

$18.69

billion

State Universities Retirement System (SURS) is a public pension fund based in Champaign, Illinois. The Governor and General Assembly founded the SURS in 1941 as an administrator of benefits for employees of the University of Illinois. The pension fund provides retirement, survivor, disability and death benefits to the employees of public universities, community colleges, and other affiliated state agencies. The assets of the pension fund are governed by an eleven-member board of trustees and by the executive and investment committee.
Contact Information

Address

1901 Fox Drive
Champaign, Illinois 61820
Kim Pollitt
Senior Investment Officer
Open to First-Time Funds?

No

Assets Under Management:

$157.78

billion

Teacher Retirement System of Texas (TRS of Texas) is a public pension fund based in Austin, Texas. Established in 1937, the fund provides retirement and related benefits to the teachers employed by the public schools, colleges and universities supported by the State of Texas. It also provides health insurance programs for public school retirees. The pension fund makes its investments in global equities, stable value and real return. The assets of the pension fund are managed by the board of trustees, assisted by investment management committee.
Contact Information

Address

1000 Red River Street
Austin, Texas 78701
Jerry Albright
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$52.1

billion

Teachers Retirement System of the State of Illinois is a public pension fund based in Springfield, Illinois. Established in 1939, the pension fund provides retirement, disability and survivor benefits for Illinois public school teachers, administrators and personnel. The assets are managed by a 13 member Board of Trustees. State Street Bank and Trust serves as the Depository Institution and Master Trustee.
Contact Information

Address

2815 West Washington Street
Springfield, Illinois 62702-3397
Jerry Quandt
Senior Investment Officer-Alternatives
Open to First-Time Funds?

Yes

Assets Under Management:

$30.3

billion

Total Commitments:

365

Texas County & District Retirement System (TCDRS) is a public pension fund based in Austin, Texas. Established in 1967, TCDRS provide retirement, disability and survivor benefits to the county and district employees of Texas. The assets of the pension fund are managed by the board of trustees.
Contact Information

Address

Barton Oaks Plaza IV, 901 South MoPac Expressway
Austin, Texas
Casey Wolf
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$29.2

billion

Total Commitments:

70

Texas Municipal Retirement System (TMRS) is a public pension fund based in Austin, Texas. Established in 1947, the fund is a state wide public retirement system that provides retirement, disability and death benefits for employees of participating Texas municipalities. The assets of the pension fund are managed by the board of trustees.
Contact Information

Address

1200 North Interstate 35
Austin, Texas
Timothy J. Carlson
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$2.5

billion

Total Commitments:

182

The Annie E. Casey Foundation (AECF) is an independent non-profit foundation based in Baltimore, Maryland. Established in 1948, the foundation is devoted to developing brighter futures for millions of children who are at risk of poor education, economic, social and health outcomes. AECF makes grants which help federal agencies, states, counties, cities, and neighborhoods create more innovative, cost-effective responses to the issues which negatively affect children. The assets of the foundation are governed by a 14 member board of trustees.
Contact Information

Address

701 Saint Paul Street
Baltimore, Maryland
May Ng
Vice President & Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$799

million

Total Commitments:

6

The Dietrich Foundation is an independent non-profit foundation based in Pittsburgh, Pennsylvania. Established in 2013, the foundation’s primary mission is to benefit higher education, principally in the greater Pittsburgh area by providing ongoing and increasing financial support to educational institutions that were important to Mr. Dietrich. The assets of the foundation are governed by a nine-member Board of Trustees.
Contact Information

Address

USX Tower, 600 Grant Street
Pittsburgh, Pennsylvania
Edward J. Grefenstette
President, Chief Executive Officer, Chief Investment Officer and Community Trustee
Assets Under Management:

$1.6

billion

Total Commitments:

96

The Heinz Endowments is an independent non-profit foundation based in Pittsburgh, Pennsylvania. The foundation was formed in 2007 from the Howard Heinz Endowment, established in 1941 and the Vira I. Heinz Endowment, established in 1986. The mission of the foundation is to use the southwestern Pennsylvania region as a laboratory for the development of solutions to challenges that are national in scope. The fields of emphasis include philanthropy in general and the disciplines represented by five grant-making programs, which are arts and culture, children, youth and families, community and economic development, education and environment. The assets of the foundation are managed by the board of directors.
Contact Information

Address

30 EQT Plaza
Pittsburgh, Pennsylvania
Edward Kolano
Vice President, Finance & Administration & Chief Investment Officer
Assets Under Management:

$3.6

billion

Total Commitments:

28

Kresge Foundation is an independent non-profit foundation based in Troy, Michigan. Established in 1924, the foundation focuses on promoting human progress by creating access and opportunity in undeserved communities, improving the health of low-income people, supporting artistic expression, increasing college achievement, assisting in the revitalization of Detroit and advancing methods for addressing global climate change. The assets of the foundation are managed by the board of trustees.
Contact Information

Address

3215 West Big Beaver Road
Troy, Michigan
Robert J. Manilla
Vice President and Chief Investment Officer
Open to First-Time Funds?

Yes

UAW Ford Retirees Medical Benefits Plan

Assets Under Management:

$18.1

billion

Total Commitments:

31

UAW Ford Retirees Medical Benefits Plan is a single-employer and defined benefit corporate pension based in Detroit, Michigan. Established in 2010, the plan provides retiree health care benefits covering certain eligible current and future International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW) retirees of Ford Motor Company and their eligible spouses, surviving spouses and dependents. The plan and the related UAW Retiree Medical Benefits Trust were formed pursuant to a court-approved collective settlement agreement between Ford and the UAW members. The assets of the pension fund are managed by the executive management team. State Street Bank and Trust Company is the trustee of the plan.
Contact Information

Address

200 Walker Street
Detroit, Michigan
Mary Beth Kuderik
Plan Administrator, Plan Sponsor, Chief Strategy & Chief Financial Officer

UAW GM Retirees Medical Benefits Plan

Assets Under Management:

$29.2

billion

Total Commitments:

41

UAW GM Retirees Medical Benefits Plan is a single-employer defined benefit union pension fund based in Detroit, Michigan. Established in 2010, the plan provides retiree health care benefits covering certain eligible current and future International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) retirees of General Motors Company (GM) and their eligible spouses, surviving spouses and dependents. State Street Bank and Trust Company is the plan trustee. The assets are managed by an 11-member Committee.
Contact Information

Address

200 Walker Street
Detroit, Michigan
Mary Beth Kuderik
Chief Strategy & Financial Officer, Plan Administrator and Plan Sponsor

UAW Master Pension Trust

Assets Under Management:

$1

billion

Total Commitments:

19

UAW Master Pension Trust is a multi-employer union pension based in Detroit, Michigan. Established in 1935, the plan provides pension benefits to the eligible members of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW). The trust is governed and administered by the UAW international executive board.
Contact Information

Address

8000 East Jefferson Avenue
Detroit, Michigan
Dennis Williams
President
Assets Under Management:

$61.4

billion

UAW Retiree Medical Benefits Trust is a multi-employer union pension fund based in Detroit, Michigan. Established in 2010, the trust provides health care benefits for retired UAW members of General Motors, Ford and Chrysler, along with their eligible dependents. Although the trust administers the health care plans covering retirees from all three auto companies, there is a separate trust fund that pays benefits for retirees from each company. The fund is managed by the executive management team.
Contact Information

Address

200 Walker Street
Detroit, Michigan
Hershel Harper
Chief Investment Officer
Assets Under Management:

$4.2

billion

Total Commitments:

248

University of Pittsburgh manages an endowment fund based in Pittsburgh, Pennsylvania. The university’s endowment is an aggregation of gifts provided by donors with the requirement they be held in perpetuity to generate earnings now and in future years to support the university’s programs of instruction, research and public service and funds. The Office of Finance (OOF) is responsible for endowment management. The assets are managed by the Board of Trustees.
Contact Information

Address

4420 Bayard Street, Schenley Place
Pittsburgh, Pennsylvania
Paul Rodgers
Managing Director, Private Strategies
Open to First-Time Funds?

Yes

Assets Under Management:

$46.5

billion

Total Commitments:

552

University of Texas Investment Management Company (UTIMCO) manages an endowment fund based in Austin, Texas. Established in 1996, UTIMCO is an external investment corporation formed by a public university system. It oversees investments in the Permanent University Fund, the permanent health fund, the long term fund, and Intermediate Term Fund and other assets for the University of Texas and Texas A&M University. The assets of the endowment fund are managed by the board of directors.
Contact Information

Address

210 West 7th Street
Austin, Texas
Britton Harris
President, Chief Executive Officer & Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$80.48

billion

Virginia Retirement System (VRS) is a multi-employer public pension based in Richmond, Virginia. Established in 1942, VRS administers two defined benefit structures and a hybrid retirement plan with a benefit structure that combines both defined benefit and defined contribution features. Covered employees under this system includes full-time permanent salaried state employees; faculty members of the state’s public colleges and universities who do not elect to participate in an optional retirement plan; teachers and administrative employees of the state’s local public school divisions; and employees of Virginia cities, towns, counties and other political subdivisions that have elected to participate in VRS. The assets are managed by the Board of Trustees.
Contact Information

Address

1200 East Main Street
Richmond, Virignia 23219
Ronald Schmitz
Chief Investment Officer
Open to First-Time Funds?

Yes

Assets Under Management:

$141.7

billion

Total Commitments:

475

Washington State Investment Board is a public pension fund based in Olympia, Washington. Established in 1981, the plan manages investments for 17 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. This also includes the Deferred Compensation Program to supplement other retirement benefits. In addition, the firm also manages investments for public and private funds that benefit industrial insurance, colleges, and universities, developmental disabilities, and wildlife protection. The assets of the pension fund are managed by the board members.
Contact Information

Address

2100 Evergreen Park Drive South-West
Olympia, Washington
Gary H. Bruebaker
Chief Investment Officer
Open to First-Time Funds?

Yes

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