Aramco US Retirement Income Plan (RIP)

Aramco US Retirement Income Plan (RIP)

The plan was established to provide retirement benefits to employees of Aramco Services Company, the US subsidiary of Saudi Arabian Oil Company. Aramco Shared Benefits Company administers the plan under its current structure. The plan commits capital across private equity vehicles. Confirmed holdings include limited partner positions in Ardian, Goldman Sachs Vintage Fund VII, Partners Group, Neuberger Berman Secondary Opportunities Fund IV, Centerbridge Capital Partners II, Vista Equity Partners Fund IV, Wellspring Capital Partners V, Avista Capital Partners III, Eos Capital Partners IV and Petershill I. Public equity positions have included shares in Enel SpA, UniCredit SpA, Equinor ASA and Snam SpA. The geographic scope covers commitments in the United States, France, Switzerland and the United Kingdom. JP Morgan Chase Bank has acted as trustee and custodian since 1974. Aon provides investment consulting services. The plan maintains an active position in Silverpeak Legacy Partners III, a real estate private equity fund. The plan operates as a corporate defined benefit vehicle sponsored by Aramco Services Company rather than as an independent family office or asset manager.