# ITW Defined Benefit Plans' Investment Account

ITW Defined Benefit Plans' Investment Account is a Pension Fund based in Glenview, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Glenview, United States
- **Region:** North America
- **Address:** Glenview, IL, United States
- **Assets under management:** Undisclosed
- **Website:** itw.com

## Regulatory record

- **Reports private funds:** No

## About

ITW Defined Benefit Plans' Investment Account is a private sector pension fund based in Glenview, US. It manages $1.3 billion in assets across 15 funds, primarily in North America.

## Questions

### Who oversees investment strategy for the ITW pension plan?

Investment oversight falls under ITW’s corporate treasury function and a board-level investment committee. ITW does not disclose named investment officers for the pension account separately from its broader corporate finance leadership. The committee sets asset allocation policy and selects external managers across public and private markets.

### How does the ITW Defined Benefit Plan access private markets?

The plan invests in alternative asset classes including private equity, real estate, and hedge funds through commingled fund structures. It does not operate a direct-investment or co-investment program of the scale seen at large public pension systems. Manager selection centers on institutional-quality general partners with established track records.

### Where does the plan fit within ITW’s overall financial structure?

The pension account is a captive single-employer plan; its assets and liabilities sit on ITW’s corporate balance sheet. Funded-status volatility flows through Accumulated Other Comprehensive Income, making liability-driven investing and contribution avoidance central priorities for the investment team.

## Related profiles

- [ITT Inc.](https://altss.com/profile/itt-industries)
- [ITW Retirement Plan](https://altss.com/profile/itw-retirement-plan)

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

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