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Parker-Hannifin Corporation
Parker-Hannifin Consolidated Pension Plan was established in 1982. Arthur L. Parker founded the underlying manufacturing business in 1917. The plan...
Parker-Hannifin Corporation
Parker-Hannifin Consolidated Pension Plan was established in 1982. Arthur L. Parker founded the underlying manufacturing business in 1917. The plan consolidated after the 2019 acquisition of Lord Corporation. The plan deploys capital across public equities, fixed income, and mutual funds. Holdings include positions in UniCredit and Telecom Italia through the master trust. Geographic exposure centers on North America and Europe. The defined benefit portion targets long-term illiquid alternatives while the defined contribution portion provides daily liquidity options. The plan reports 3584 million USD in assets. It maintains the Parker-Hannifin Foundation, established in 1953, which directs grants toward education, health, and climate initiatives. Jennifer A. Parmentier participates in the Business Roundtable. The firm spoke at the Citi 2025 Global Industrial Tech and Mobility Conference. The pension operates as a corporate plan governed by the manufacturing parent rather than an independent family office. Investment decisions tie directly to the corporation's balance sheet and regulatory requirements.
General information
Firm type
Pension Fund
Year founded
1982
Location
Region
North America
Country
United States
City
Cleveland
Corporate office
6035 Parkland Boulevard, Cleveland, OH, United States
Principals
Jennifer A. Parmentier
Chairman and CEO
Lee C. Banks
Vice Chairman
Arthur L. Parker
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Parker-Hannifin Corporation pension plan?
Jennifer A. Parmentier serves as Chairman and CEO of the parent corporation. Investment oversight occurs through the plan's trustee and custodian structure.
Does the plan participate in fund commitments or only direct deals?
The plan holds interests in mutual funds such as Vanguard Institutional Index Fund and PIMCO Total Return Fund. It also maintains direct equity positions through the master trust.
What is the plan's known posture on co-investments alongside external GPs?
No co-investment activity with external GPs is recorded in available data.
Where does the underlying wealth come from?
The assets originate from contributions to the defined benefit and defined contribution sections of the Parker-Hannifin corporate pension.
Does the plan maintain philanthropic structures, and how are they separated?
The Parker-Hannifin Foundation operates as the separate philanthropic arm. It was established in 1953 and focuses on education, health, and climate grants.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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