Meiji Group Pension Fund

Meiji Group Pension Fund

The fund operates as the corporate pension vehicle for companies under Meiji Holdings Co., Ltd., including Meiji Co., Ltd. and Meiji Seika Pharma Co., Ltd. It was established by these group entities to manage the retirement benefits of their combined employee base. The wealth backing the fund originates from the Meiji Group's century-plus history in food manufacturing and, more recently, pharmaceuticals. The fund's stated investment posture includes a Policy Asset Allocation that spans multiple asset classes — fixed income, public equities, and alternative investments, deployed globally. While individual portfolio holdings are not publicly itemized, the strategic allocation balances long-term return targets with the liability-driven imperatives of a defined-benefit pension plan. The investment framework is guided by Japan's Pension Fund Association, of which the fund is a member, and the fund formally endorsed the Asset Owner Principles in Japan in February 2025, committing to sustainable stewardship and beneficiary-first governance. A board of directors and a representative council govern the fund, meeting regularly to set policy and review performance. The fund communicates directly with its participants and beneficiaries through its website, issuing annual reports on asset management, financial verification results, and operational changes. In February 2025, the fund publicly announced its acceptance of the Asset Owner Principles, aligning its 運用 with the stewardship code adopted by Japan's major institutional investors. Unlike a multi-family office or private market platform, the fund's sole constituency is the long-dated liability stream of the Meiji Group's retirees. It does not raise external capital, sell fund products, or seek co-investors. That closed architecture frees the investment team from commercial fundraising demands and aligns decision-making strictly with the actuarial health of the plan.