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Diageo UK Pension Plan
The Diageo UK Pension Plan was established in 1971 as the defined benefit scheme for Diageo plc's UK workforce. Diageo plc acts as the sponsoring employer and...
Diageo UK Pension Plan
The Diageo UK Pension Plan was established in 1971 as the defined benefit scheme for Diageo plc's UK workforce. Diageo plc acts as the sponsoring employer and has transferred assets including General Mills shares to address funding gaps. The plan targets 7% of assets to private equity through commitments to funds such as Graphite Capital Partners VI and Pantheon vehicles. It also holds direct interests in asset-backed structures including Lakeside MWS Limited Liability Partnership and Lochside MWS Limited Partnership, both secured against whisky stocks in the United Kingdom. Geographic exposure centers on the UK and global secondaries markets. BlackRock Investment Management has served as investment manager since 2009. PwC has acted as auditor since 2023. The plan maintains a public equity position in General Mills transferred in 2004. Governance flows through Diageo Pension Trust Limited with oversight from Diageo plc board members including Sir John Manzoni. No independent investment committee or external LP club membership is disclosed.
General information
Firm type
Pension Fund
Year founded
1971
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
16 Great Marlborough Street, London, United Kingdom
Principals
Peter Richard Goshawk
Director of Diageo Pension Trust Limited
Sector focus
Frequently asked questions
Who runs investment decisions at Diageo UK Pension Plan?
Peter Richard Goshawk serves as director of the Diageo Pension Trust Limited. Diageo plc board members including Sir John Manzoni provide sponsor oversight. BlackRock Investment Management executes day-to-day portfolio management.
Does Diageo UK Pension Plan participate in fund commitments or only direct deals?
The plan has acted as limited partner in Graphite Capital Partners VI and Pantheon funds. It also maintains direct ownership in Lakeside MWS and Lochside MWS whisky-backed vehicles.
What investment stages does Diageo UK Pension Plan typically target?
Allocations include buyout, secondaries, and venture strategies through fund commitments. No direct early-stage seed activity is recorded.
How is Diageo UK Pension Plan related to Diageo plc?
Diageo plc is the sponsoring employer. The plan operates as a separate trust with Diageo Pension Trust Limited as trustee.
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