# Hearst Corporation Retirement Plan

Hearst Corporation Retirement Plan is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1887
- **Assets under management:** Undisclosed
- **Website:** hearst.com
- **LinkedIn:** https://www.linkedin.com/company/hearst

## Regulatory record

- **Reports private funds:** No

## About

The Hearst Corporation Retirement Plan is the defined-benefit pension vehicle for employees of Hearst Communications, the privately held media giant whose holdings span newspapers, magazines, television stations, and business information services. Mitchell Scherzer, Hearst's CFO, carries fiduciary responsibility for the plan's investment strategy, while William R. Hearst III chairs the corporate board that ultimately sponsors it. The plan sits within a conglomerate that has remained family-controlled since William Randolph Hearst founded it in 1887, making it one of the oldest continuous corporate pensions in American media. The plan allocates primarily to commercial real estate through a mix of direct co-investments and commingled funds. Confirmed commitments include positions in Tishman Speyer Real Estate Venture VII, AG Realty Fund VII, and CB Richard Ellis Strategic Partners US Value 5 — all commercial vehicles anchored in New York City. The plan also holds a stake in HGI Opportunity Fund I, a mixed-use vehicle focused on Norfolk, Virginia, and Beartooth Capital I, a land-focused fund based in Bozeman, Montana. Hearst Western Properties, the corporate real estate arm, shares executive oversight with the pension investment team, creating an unusual overlap where the plan co-invests alongside its parent's operating real estate division. Team size and total deployment figures are not publicly disclosed. This structure is common among private corporate pensions that sit inside larger operating companies rather than functioning as independent plan sponsors with their own boards and CIOs. Hearst's unusual dual role — as both a corporate sponsor and a real estate operator through Hearst Western Properties — sets this plan apart from most private pensions. Where a typical corporate plan hires external consultants to build a diversified real assets portfolio, Hearst can seed its pension in deals it already has under development, collapsing the typical principal-agent gap. The Hearst Foundations, the company's philanthropic arm, operate entirely separately and do not commingle assets with retirement plan funds.

## Sectors

- Real Estate

## People

- Mitchell Scherzer — Executive Vice President and Chief Financial Officer
- Steven R. Swartz — President and CEO, Hearst Corporation
- William R. Hearst III — Chairman of the Board, Hearst Corporation

## Questions

### Who oversees investment decisions for the Hearst Corporation Retirement Plan?

Mitchell Scherzer, the Executive Vice President and Chief Financial Officer of Hearst Corporation, carries fiduciary oversight of the plan. The plan does not appear to have a dedicated chief investment officer or separate investment committee; it operates within the broader treasury and finance infrastructure of the parent company.

### Does the plan invest directly in real estate or through fund commitments?

Both. The plan has committed to commingled real estate funds including Tishman Speyer Real Estate Venture VII, AG Realty Fund VII, and CB Richard Ellis Strategic Partners US Value 5. It also co-invests alongside Hearst Western Properties, the corporation's own real estate management arm, which provides a direct sourcing channel not available to most outside pension investors.

### Does the Hearst plan disclose its total assets or actuarial funding status?

As a private corporate pension sponsored by a privately held company, the plan does not publicly disclose total asset values or funding ratios. Private defined-benefit plans are not required to file the same detailed Form 5500 data that publicly traded company pensions must make available, so specific AUM and funding metrics remain opaque to outside observers.

## Related profiles

- [HealthPartners](https://altss.com/profile/healthpartners)
- [Hearst UK](https://altss.com/profile/hearst-uk)

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Last updated: 2026-08-11T02:43:31.692Z

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