# Parker-Hannifin Corporation

Parker-Hannifin Corporation is a Pension Fund based in Cleveland, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** 6035 Parkland Boulevard, Cleveland, OH, United States
- **Founded:** 1982
- **Assets under management:** 3584 (Altss estimate)
- **Website:** investors.parker.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Industrial Manufacturing

## People

- Jennifer A. Parmentier — Chairman and CEO
- Lee C. Banks — Vice Chairman
- Arthur L. Parker — Founder

## 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.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/parker-hannifin-corporation

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