# Hewlett Packard Enterprise Pension Fund

Hewlett Packard Enterprise Pension Fund is a Pension Fund based in Springfield, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Springfield, United States
- **Region:** Europe
- **Address:** Springfield, United States
- **Founded:** 1939
- **Assets under management:** Undisclosed
- **Website:** hprbp.com
- **LinkedIn:** https://www.linkedin.com/company/hewlett-packard-enterprise

## Regulatory record

- **Reports private funds:** No

## About

The Hewlett Packard Enterprise Pension Fund operates as the defined-benefit retirement scheme for Hewlett Packard Limited, the principal UK employer and an HPE subsidiary. The plan sits under a trustee board chaired by Paul Early, and while it no longer accepts new accruals, it remains an active institutional investor deploying across private markets to secure member benefits. The fund maintains a distinctly UK-centric liability profile despite being registered in the United States. Publicly disclosed commitments show a deliberate tilt toward income-generating private assets. The plan holds positions in M&G Real Estate Debt Finance VI DAC, targeting UK commercial real estate lending, and a UK-focused long-lease property portfolio spanning mixed-use assets. On the infrastructure side, the fund participates in the JP Morgan Infrastructure Investment Fund, a global vehicle, alongside an allocation to Goldman Sachs Senior Private Debt. The fund's governance rests with Hewlett Packard Enterprise UK Pension Trustee Limited, chaired by Early, while the Hewlett Packard Pension Association represents the member and pensioner base. Adjacent vehicles or co-investment clubs tied specifically to the pension plan have not been disclosed publicly. The sponsor, Hewlett Packard Enterprise, continues to back the plan's obligations, but the investment function operates independently through the trustee structure. What distinguishes this plan from generic corporate pensions is its visible commitment to private-market origination despite its legacy closed status. Rather than defaulting entirely to public fixed income, the trustee has methodically built a portfolio of illiquid, privately negotiated positions — a posture that requires in-house sophistication or deeply embedded manager relationships to execute without the liquidity buffer of an open plan.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## People

- Paul Early — Chair of the Trustee Board

## Questions

### Is the plan still open to new members or accruals?

No. The Hewlett Packard Limited Retirement Benefits Plan is a defined-benefit scheme that is closed to new accruals, per the plan's own description. This means the trustee now focuses on managing existing liabilities rather than growing the asset base through new contributions.

### What asset classes does the pension fund allocate to?

Disclosed commitments show allocations to real estate debt, direct long-lease property, global infrastructure, and senior private credit. Known positions include M&G Real Estate Debt Finance VI DAC, a UK long-lease property portfolio, the JP Morgan Infrastructure Investment Fund, and Goldman Sachs Senior Private Debt.

### How is the pension plan related to Hewlett Packard Enterprise?

Hewlett Packard Enterprise is the ultimate parent and sponsor of the plan, while Hewlett Packard Limited serves as the principal UK employer. The investment trustee operates as a separate legal entity, and the Hewlett Packard Pension Association represents the interests of plan members and pensioners independently.

## Related profiles

- [Hewlett Packard](https://altss.com/profile/hewlett-packard)
- [Hewlett-Packard Japan Pension Fund](https://altss.com/profile/hewlett-packard-japan-pension-fund)

---

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

Canonical page: https://altss.com/profile/hewlett-packard-enterprise-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology