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Advance Pension Plan
Advance Pension Plan offers defined benefit pension services to eligible employees in the biotech and life science sectors. It provides pension benefits to...
Advance Pension Plan
Advance Pension Plan offers defined benefit pension services to eligible employees in the biotech and life science sectors. It provides pension benefits to employees of private equity-backed companies in these industries.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Bei Saville
Chief Investment Officer
Newhouse Family
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Advance Pension Plan?
Bei Saville serves as Chief Investment Officer for Treasury and the Fingerboard Family Office, overseeing the pension plan's assets. She reports through the family office structure rather than an independent corporate board. Her mandate covers the plan's global alternative investment portfolio and direct real estate holdings.
Does Advance Pension Plan operate as a standalone pension fund or a family office?
It functions as a hybrid. The plan is the employee retirement vehicle for Advance Publications, but it sits within the Fingerboard Family Office, which co-manages the Newhouse family's private wealth alongside the pension assets. This integration allows shared investment staff and co-investment across the family's deal flow.
What does the plan's real estate portfolio include?
Known holdings include office space at One World Trade Center in Manhattan, where Condé Nast is the anchor tenant, and 950 Fingerboard Road on Staten Island. The plan also holds a global alternative investment portfolio spanning private credit, hedge funds, and secondaries.
How does the Newhouse family's media ownership influence the plan's investments?
The family's control of Advance Publications — which owns Condé Nast, American City Business Journals, and newspapers — creates deep relationships with media-sector investors like John Malone. These connections have led to co-investment in Charter Communications and Warner Bros. Discovery, giving the pension plan access to deals alongside major industry players.
Does Advance Pension Plan disclose its total assets?
No. As a private-sector plan embedded in a family office, it does not publicly report asset values. Its size remains undisclosed, and no third-party data vendor has published a reliable estimate. The family's net worth and the pension's liabilities are not publicly broken out.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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