Shelter Insurance Employees Retirement Plan

Shelter Insurance Employees Retirement Plan

The Shelter Insurance Employees Retirement Plan was established in 1981. It functions as the retirement vehicle for Shelter Mutual Insurance Company employees and provides defined benefits covering retirement, death, and disability. The plan maintains a 15.95 percent allocation to private equity. Confirmed commitments include positions in Baird Venture Partners V, Global Private Opportunities Partners, Manulife Investment Management Private Equity & Credit, Oaktree Capital Management, and Nuveen Real Estate U.S. Strategic. Geographic exposure centers on the United States with additional global private equity and credit exposure through Goldman Sachs and Manulife vehicles. Strategy tags list buyout, distressed debt, venture, secondaries, and co-investment mandates. Service providers include UMB Bank as custodian, J.P. Morgan Investment Management and SEI as advisors since 2013, and Goldman Sachs Asset Management, Baird Capital, Nuveen Real Estate, Oaktree Capital Management, and Manulife Investment Management as managers. The plan maintains a relationship with the Shelter Insurance Foundation, which focuses on education and community support in the United States. The plan operates under a single-sponsor structure tied directly to Shelter Mutual Insurance Company, with investment decisions executed exclusively through external managers rather than internal direct deal programs.