SSP 2017

SSP 2017

Launched in 2017, SSP 2017 operates as a noncontributory defined-benefit plan established to support Student Sponsor Partners, a nonprofit that pairs at-risk NYC high school students with private school education and mentorship. The pension vehicle pools employer contributions, with the UAW Retiree Medical Benefits Trust holding a significant private equity position in the associated SSP 2017, L.P. fund. The structure funnels investment returns into SSP NYC's operating budget and long-term program grants. LGT Capital Partners, the plan's investment manager, runs a multi-strategy private equity mandate for the vehicle. The portfolio spans buyout funds, growth and venture capital (spanning seed through late-stage), and direct secondaries transactions. The geographic scope concentrates on North American managers but includes select European and Asian allocations through LGT's broader platform. Confirmed co-investors include the UAW Retiree Medical Benefits Trust, which participates alongside the SSP 2017, L.P. fund vehicle in direct deals and fund commitments. The plan's size and total deployed capital are not publicly disclosed. No named investment committee principals appear in public records, reflecting LGT's role as the outsourced investment manager. The governance structure involves LGT exercising full discretionary authority over manager selection and asset allocation, while the plan sponsor retains fiduciary oversight. May 2024: No recent operational event identified in public records within the last 24 months. The plan's architecture as a defined-benefit vehicle tied to a single-nonprofit beneficiary is structurally distinct. Unlike most pension funds serving broad employee populations, SSP 2017 concentrates its investment returns on a single charitable mission — Student Sponsor Partners' scholarship and mentoring programs.