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McKinsey Retirement Trust
The McKinsey Retirement Trust operates as the primary defined contribution vehicle for McKinsey & Company, governed by a board of trustees that includes Deputy...
McKinsey Retirement Trust
The McKinsey Retirement Trust operates as the primary defined contribution vehicle for McKinsey & Company, governed by a board of trustees that includes Deputy General Counsel Erin Massey Everitt. The trust is structurally integrated with the broader investment ecosystem of the firm's partner-affiliated capital, managed by MIO Partners, Inc.—a New York-based investment office chaired by former McKinsey Senior Partner Michael Patsalos-Fox. MIO Partners constructs portfolios that blend direct investments with external manager allocations across hedge funds, secondaries, and special situations. The retirement trust gains exposure through dedicated internal vehicles, notably the MIO Compass Funds and the MIO Special Situations Fund, which is domiciled in New York. A distinct tactical commodity sleeve, structured via the Ceres Tactical Commodity L.P. and a Target Retirement Date Commodity Exposure, further diversifies the plan away from standard public-market beta. These structures indicate a posture that favors internal co-investment pools over open-architecture fund-of-funds selection. MIO Partners operates under the oversight of a board that includes former executives from KPMG, Microsoft, JPMorgan, and Goldman Sachs; directors Timothy Flynn, Charles Noski, and Barry L. Zubrow bring external institutional governance heft. Gunnar Pritsch serves as COO and Head of Risk Management, reflecting a formalized risk function. The trust maintains a physical administrative footprint split between Dubai and New York. Unlike large-scale public pension plans, the McKinsey Retirement Trust is a captive plan limited to firm alumni, insulated from public disclosure requirements and external capital flows. Its governance is tightly held within the McKinsey partnership orbit, mirroring the hybrid model of a corporate pension that behaves with the discretion and alternative-asset sophistication of a single-family investment office.
General information
Firm type
Pension Fund
Year founded
1994
Location
Region
North America
Country
United Arab Emirates
City
New York
Corporate office
Dubai, New York, United Arab Emirates
Additional offices
New York, NY, United States
Principals
Erin Massey Everitt
Member of the Board of Trustees
Michael Patsalos-Fox
Chair of MIO Partners, Inc.
Sector focus
Frequently asked questions
Who runs investment decisions for the McKinsey Retirement Trust?
The trust is governed by a board of trustees, which includes McKinsey's Deputy General Counsel Erin Massey Everitt. Investment management is executed by MIO Partners, Inc., the firm's dedicated investment office, which is chaired by Michael Patsalos-Fox and operates under the oversight of a board that includes former CEOs from KPMG and senior financial executives (Altss research).
How is the McKinsey Retirement Trust related to MIO Partners?
MIO Partners, Inc. manages the assets of the McKinsey Retirement Trust alongside other capital generated by McKinsey's partnership. The trust invests in proprietary MIO vehicles such as the MIO Compass Funds and the MIO Special Situations Fund, effectively making the retirement plan a core pool of capital within MIO's broader alternative investment platform (Altss research).
Does the trust invest directly, or does it use a fund-of-funds model?
The trust accesses markets through a mix of internal direct pools and external managers. It holds positions in dedicated internal funds—the MIO Compass Funds and MIO Special Situations Fund—and also maintains a tactical commodity sleeve through Ceres Tactical Commodity L.P., suggesting a hybrid model that leans on proprietary vehicles rather than a pure external manager selection platform (Altss research).
What is the investment strategy of the McKinsey Retirement Trust?
The trust allocates capital across hedge funds, special situations, and secondaries, supplemented by a tactical commodity exposure. The use of a Target Retirement Date Commodity Exposure indicates a glide-path-oriented risk framework layered onto the alternative-asset core, designed to reduce public equity correlation for the plan's participants (Altss research).
Is the McKinsey Retirement Trust open to external investors?
No. The trust is a captive defined contribution plan exclusively for McKinsey & Company employees and alumni. It does not raise third-party capital, and its performance and sizing remain private, consistent with its status as a closed corporate pension plan.
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