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Gannett
The Gannett Pension Plan was established in 1949 as a defined-benefit plan. It delivers retirement, disability and death benefits to qualifying staff of...
Overview
The Gannett Pension Plan was established in 1949 as a defined-benefit plan. It delivers retirement, disability and death benefits to qualifying staff of Gannett Co., Inc. and its subsidiaries. The plan allocates 11 percent of assets to private equity. Confirmed commitments include limited-partner positions in funds sponsored by Fortress Investment Group, TPG and Blackstone. Geographic exposure centers on North America with additional holdings through global buyout and distressed-debt strategies. The plan reports no additional offices or disclosed headcount. Service providers include Fidelity Management Trust Company as trustee since 2020 and Northern Trust as prior investment advisor. A 2024 headquarters relocation by the sponsor company to New York has no stated effect on plan operations. The plan operates as a single corporate pension vehicle without separate philanthropic arms or external co-investment clubs.
General information
Firm type
Pension Fund
Year founded
1949
Location
Region
North America
Country
United States
City
Austin
Corporate office
175 Sully's Trail Suite 203, Pittsford, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at the Gannett Pension Plan?
Investment decisions rest with the plan's designated trustee and advisors. Fidelity Management Trust Company has served as trustee since 2020.
Does the Gannett Pension Plan participate in fund commitments or only direct deals?
The plan participates in fund commitments. It holds limited-partner interests in private equity vehicles sponsored by Fortress Investment Group, TPG and Blackstone.
What asset classes does the Gannett Pension Plan target?
The plan targets private equity with an 11 percent allocation. Remaining assets follow standard defined-benefit diversification across fixed income and equities.
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