# British American Tobacco (BAT)

British American Tobacco (BAT) is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 4 Temple Place, London, WC2R 2PG, United Kingdom
- **Founded:** 1902
- **Assets under management:** Undisclosed
- **Website:** https://www.bat.com
- **LinkedIn:** https://www.linkedin.com/company/british-american-tobacco

## Regulatory record

- **Reports private funds:** No

## About

The home of BAT, a leading multi-category consumer goods company that provides tobacco and nicotine products to millions of consumers around the world.

## Sectors

- Consumer Goods

## People

- Tadeu Marroco — Chief Executive Officer
- Luc Jobin — Chairman of the Board

## Questions

### Who runs investment decisions at British American Tobacco?

Tadeu Marroco serves as chief executive and Luc Jobin as chairman. Investment oversight for the pension sits within the corporate treasury function.

### Does British American Tobacco participate in fund commitments or only direct deals?

BAT makes limited partner commitments through Btomorrow Ventures. It also holds direct public equity positions such as the 22.94% stake in ITC Limited.

### What investment stages does British American Tobacco typically target?

The venture program targets early-stage companies in packaging, food and beverages. Public equity holdings focus on established consumer goods firms.

### How is British American Tobacco related to Reynolds American Inc.?

BAT owns 100% of Reynolds American Inc. through its operating structure.

## Related profiles

- [Bowdoin College Endowment](https://altss.com/profile/bowdoin-college-endowment)
- [KDDI Pension Fund](https://altss.com/profile/kddi-pension-fund)

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

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