Mondelēz International, Inc.

Mondelēz International, Inc.

The Mondelēz Global Master Defined Contribution Trust manages the retirement assets for employees of Mondelēz International, the snacking powerhouse behind Oreo, Ritz, and Cadbury. Based in Chicago, the plan operates as a distinct allocator — its posture shaped by a corporate parent that is itself an active dealmaker. Dirk Van de Put, Chairman and CEO of the publicly traded parent, and CFO Luca Zaramella sit at the top of an organization where the pension trust is both a long-term investor and a potential anchor for corporate strategic relationships. The trust's investment approach spans private credit, hedge funds, real estate, and special situations — a mix that demands deep GP relationships. Mondelēz International's corporate network provides an unusual sourcing edge: the company's historic partnership with JAB Holding Company ties it to the Keurig Dr Pepper and JDE Peet's ecosystems, creating a dense web of co-investor connections. The trust participates in commodity hedging on a vast scale, managing positions in cocoa futures, sugar, and wheat — an operational capability that informs a sophisticated risk-taking culture across the plan's alternatives book. Team assets extend well beyond financial portfolios. The plan's parent controls a Global Innovation Center in Whippany, New Jersey, a Brazilian manufacturing plant, and a Bombardier Global 6000 aircraft — infrastructure that shapes how the investment team evaluates operational due diligence on real assets and industrials. Dirk Van de Put's seat on the Business Roundtable and the firm's membership in the Hedera Council offer further connectivity into corporate governance circles and distributed-ledger technology governance, respectively. The trust's structural differentiator is its integration with a major corporate treasury. Unlike a standalone pension, the Mondelēz plan can co-invest alongside its parent's corporate development team or leverage the company's commercial hedging desk to price commodity-linked credit risk faster than a pure financial buyer. That hybrid operating/investing DNA — a snacks company running a $1.97B pension like an opportunistic alternatives shop — is the architecture that makes this allocator distinct.