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PPL Corp. Pension Plan
PPL Corp. Pension Plan was established to provide retirement benefits for employees of PPL Services Corporation. The plan sponsor relationship defines its...
Overview
PPL Corp. Pension Plan was established to provide retirement benefits for employees of PPL Services Corporation. The plan sponsor relationship defines its mandate and funding obligations. The plan allocates across core U.S. real estate, a fund of hedge funds portfolio, and private credit partnerships. Confirmed limited partner positions include The Westly Group, Activate Venture Partners, HarbourVest Partners, and StepStone Group. Geographic exposure centers on the United States with additional holdings noted in prior public filings. Assets total $1.458 billion. BNY Mellon serves as trustee and custodian. Abbott Capital Management and Acadian Asset Management provide advisory and management services. The PPL Foundation and LG&E and KU Foundation operate as separate philanthropic vehicles. The plan operates as a corporate pension vehicle sponsored directly by PPL Services Corporation with no independent investment staff disclosed.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Allentown
Corporate office
2 North Ninth Street, Allentown, PA, United States
Sector focus
Frequently asked questions
What asset classes appear in the plan's portfolio?
The plan holds positions in core U.S. real estate, hedge fund strategies, and private credit partnerships.
Which external managers does the plan use?
BNY Mellon acts as trustee and custodian. Abbott Capital Management and Acadian Asset Management provide investment advisory and management services.
Does the plan invest in venture capital or private equity vehicles?
The plan maintains limited partner positions in The Westly Group, Activate Venture Partners, HarbourVest Partners, and StepStone Group.
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