# 3M UK

3M UK is a Pension Fund based in Berkshire, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Berkshire, United Kingdom
- **Region:** Europe
- **Address:** Cain Road, Bracknell, Berkshire, RG12 8HT, United Kingdom
- **Assets under management:** Undisclosed
- **LinkedIn:** https://linkedin.com/company/3m-united-kingdom-holdings-plc

## Regulatory record

- **Reports private funds:** No

## About

The 3M Pension and Life Assurance Scheme was established to provide defined-benefit retirement benefits to employees of 3M's UK subsidiary. Its assets sit within the broader corporate structure ultimately controlled by 3M Company in St. Paul, Minnesota. The scheme allocates across private equity, hedge funds, real estate and infrastructure. It maintains confirmed exposure to early-stage and growth equity as well as direct co-investments. Geographic reach centers on Europe and North America with additional indicated activity in Asia and Africa. Confirmed positions include a long equity stake in Joby Aviation reported in 2023. Assets total an estimated $2.2 billion. The scheme retains Mercer as investment advisor and BlackRock as an investment manager. It sponsored the Cleaning Excellence Conference in the United Kingdom in 2025. The pension operates as a captive corporate vehicle with no external LP capital, creating a closed governance structure tied directly to 3M United Kingdom PLC.

## Sectors

- Private Equity
- Hedge Funds
- Real Estate
- Infrastructure

## People

- Mike Smith — Former Director of Finance and Chairman of Trustees

## Questions

### Who runs investment decisions at 3M UK Pension and Life Assurance Scheme?

Mike Smith previously served as Director of Finance and Chairman of Trustees. Day-to-day decisions involve external advisors including Mercer.

### Does 3M UK participate in fund commitments or only direct deals?

The scheme uses both fund-of-funds vehicles and direct co-investments or SPVs according to its confirmed investment types.

### What investment stages does 3M UK typically target?

Confirmed stages include Seed, Early Stage, Series A, Series B and Growth equity.

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Last updated: 2026-06-03T20:00:00.000Z

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