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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...
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. The UAW Retiree Medical Benefits Trust's presence as a co-investor, rather than a simple plan participant, suggests the vehicle functions partly through a parallel fund structure rather than a conventional pooled trust, though exact mechanics remain undisclosed.
General information
Firm type
Pension Fund
Year founded
2017
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at SSP 2017?
LGT Capital Partners serves as the discretionary investment manager for the SSP 2017 series of funds. The Swiss-based firm handles manager selection, asset allocation, and direct co-investment execution on behalf of the plan. No internal investment committee members at the plan sponsor level have been publicly named.
How is SSP 2017 related to Student Sponsor Partners?
SSP 2017 was established specifically to fund Student Sponsor Partners, a New York City nonprofit that provides private school scholarships and mentorship to low-income high school students. The pension plan's structure channels employer contributions into private equity investments whose returns support SSP NYC's operating programs and long-term educational mission.
What is the UAW Retiree Medical Benefits Trust's role in SSP 2017?
The UAW Retiree Medical Benefits Trust holds a significant private equity position in SSP 2017, L.P., functioning as a co-investor alongside the plan's core assets. This arrangement likely gives the Trust exposure to the same buyout, venture, and secondaries portfolio that LGT Capital Partners constructs for the SSP 2017 vehicle.
Does SSP 2017 commit to funds or only make direct investments?
The mandate covers both fund commitments and direct co-investments. The strategy, as managed by LGT Capital Partners, spans buyout fund allocations, venture capital funds from seed to late-stage, and direct secondaries purchases. Co-investment alongside general partners is also part of the program, based on the stated strategy profile.
Which sectors does SSP 2017 target?
Sector focus is not publicly specified. Given the venture and growth equity exposure alongside buyout, the portfolio likely spans technology, healthcare, and business services — standard for a diversified multi-strategy private equity allocation of this type. No sector exclusions have been publicly articulated.
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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