# Nestlé UK Pension Fund

Nestlé UK Pension Fund is a Pension Fund based in York, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** York, United Kingdom
- **Region:** Europe
- **Address:** Haxby Road, York, United Kingdom
- **Founded:** 1947
- **Assets under management:** 8061 (Altss estimate)
- **Website:** www.nestlepensions.co.uk

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1947 as the sponsoring employer's pension vehicle, the Nestlé UK Pension Fund remains a closed defined benefit scheme administered from Gatwick and invested from York. The Trustee board is chaired by Steve Delo, CEO of PAN Trustees UK, and includes Nestlé UK's Head of Financial Intelligence & Analytics as the company-appointed trustee. The fund does not publish a formal asset-owner investment report, operating instead as a private institutional allocator. The fund's strategy spans buyout, growth equity, venture capital, mezzanine, and natural resources, structured as both direct commitments and fund-of-funds allocations. Real-asset exposure includes Project Blue Diamond, a UK commercial property venture, and the L&G 70:30 Hybrid Property Fund. International reach extends to Project Aurora, a global investment vehicle. The fund engages high-emitting portfolio companies as a participant in Climate Action 100+ and aligns investment themes with UN Global Compact principles. John Chilman, the former CEO of the £35 billion Railpen scheme, chairs both the DB Investment and Funding Committees and represents the fund on the PLSA board. This governance weight, combined with a compact internal investment team under Alessandra Cardoso, allows the fund to operate with shorter decision chains than many UK defined benefit schemes. The administration hub in Gatwick separates operational processing from the York-based investment function. Unlike UK local authority pension pools or fiduciary-managed corporate schemes, the Nestlé fund self-executes asset allocation from a single in-house office — a governance model that resembles a single-family office more than a conventional pension fund. The resulting concentration of investment authority under the Trustee board and its investment chair distinguishes the fund from peers that delegate to external OCIOs or multi-manager platforms.

## Sectors

- Private Equity
- Real Estate
- Hedge Funds

## People

- Steve Delo — Chair of the Trustee Board
- John Chilman — Independent Trustee Director
- Alessandra Cardoso — Head of Investments
- Luke Doubt — Company-Appointed Trustee

## Questions

### Who runs investment decisions at Nestlé UK Pension Fund?

Alessandra Cardoso serves as Head of Investments. Steve Delo chairs the trustee board and John Chilman chairs the DB Investment Committee.

### Does Nestlé UK Pension Fund participate in fund commitments or only direct deals?

The fund acts as limited partner in multiple private equity and venture vehicles including Apax Partners, Exponent Private Equity and Knightsbridge Advisers.

### What asset classes receive allocations from Nestlé UK Pension Fund?

Allocations span private equity buyouts, UK commercial real estate, hedge funds via Grosvenor Capital Management and listed global equities through BlackRock.

### Where does Nestlé UK Pension Fund hold its real estate exposure?

Direct holdings include Project Blue Diamond garden centres and subsidiary-occupied properties in the United Kingdom plus a minority interest in the L&G 70:30 Hybrid Property Fund.

### How is Nestlé UK Pension Fund related to Nestlé UK Ltd?

Nestlé UK Ltd acts as the sponsoring employer. The pension fund holds certain Nestlé subsidiary properties as plan assets.

## Related profiles

- [Skandia Colombia](https://altss.com/profile/skandia-colombia)
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Last updated: 2026-07-06T00:36:35.749Z

Canonical page: https://altss.com/profile/nestl-uk-pension-fund

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