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Target Corporation
Target Corporation is an SEC-registered investment adviser in New York, NY, registered since 2024. The firm manages approximately $94 million in regulatory...
Target Corporation
Target Corporation is an SEC-registered investment adviser in New York, NY, registered since 2024. The firm manages approximately $94 million in regulatory assets. It has 4 employees and 4 investment advisers.
General information
Firm type
Corporate Pension Fund
Year founded
1902
AUM
>$1B (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
1000 Nicollet Mall, Minneapolis, MN, United States
Principals
Brian Cornell
Executive Chairman
Michael Fiddelke
Chief Executive Officer
Jim Lee
Executive Vice President and Chief Financial Officer
Amy Tu
Chief Legal and Compliance Officer
Sector focus
Frequently asked questions
Who oversees investment decisions for Target's pension plan?
Investment decisions are overseen by Target's internal treasury and investment team, with ultimate accountability to the Chief Financial Officer — Jim Lee as of 2025 — and the CEO. Brian Cornell, as Executive Chairman, remains involved in major capital allocation decisions. The team manages both the pension's LP commitments and coordinates with Target's corporate development group on direct strategic investments.
Does Target's pension make direct investments or only fund commitments?
The pension acts primarily as a limited partner in venture capital and growth equity funds. Direct strategic investments — such as Target's 2017 acquisition of Shipt for $550M — are executed separately through Target's corporate development arm, not the pension. The two teams coordinate but operate under distinct mandates.
How does Target's retail business influence the pension's investment strategy?
Target's operational network provides a unique diligence advantage. The investment team can evaluate technologies — supply chain software, in-store digital tools, last-mile logistics platforms — by testing them across Target's 2,000-store footprint before committing capital. This real-world feedback loop is structurally unavailable to standalone pension funds.
Which venture capital firms has Target's pension backed?
Publicly reported LP commitments include Gradient Ventures, Google's AI-focused venture fund. The pension favors funds that invest in retail-adjacent technologies: supply chain automation, delivery logistics, in-store digital experience, and consumer health. Exact commitment sizes are not publicly disclosed.
How is Target's pension separated from the Target Foundation?
The Target Foundation is a distinct philanthropic entity focused on community development and does not share investment staff or mandate with the corporate pension plan. The pension operates under ERISA governance with fiduciary obligations solely to plan beneficiaries, while the foundation is a corporate giving vehicle.
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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