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Textron Pension Fund
Textron Pension Fund operates as the retirement vehicle for Textron Inc., a company founded in 1923 with operations in aerospace and defense.
Textron Pension Fund
Textron Pension Fund operates as the retirement vehicle for Textron Inc., a company founded in 1923 with operations in aerospace and defense. The plan encompasses the Textron Master Retirement Plan and Retirement Account Plan. Asset allocation includes a 9.72 percent position in private equity and a diversified direct real estate portfolio of 22 holdings that spans data centers, life sciences facilities, cold storage, multi-family residential, warehouses, and grocery stores across the United States. Confirmed commitments include Bregal Sagemount Basecamp I and Energy Capital Partners III. The fund also participates in secondaries and venture strategies. The investment team is led by Charles Van Vleet and Keith Watson. Service providers include BNY Mellon as global custodian and BlackRock and T. Rowe Price as investment managers since 2024. The plan maintains membership in CIEBA, where Van Vleet chairs the Investment Subcommittee. Governance ties the pension directly to Textron Inc. through the parent company's treasury function, with investment decisions executed by designated pension investment staff rather than external discretionary managers.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Providence
Corporate office
40 Westminster Street, Providence, RI, United States
Principals
Charles Van Vleet
Assistant Treasurer and Chief Investment Officer of Pension Investments
Keith Watson
Director of Pension Investments
Sector focus
Frequently asked questions
Who runs investment decisions at Textron Pension Fund?
Charles Van Vleet serves as Assistant Treasurer and Chief Investment Officer of Pension Investments. Keith Watson directs the private equity and real estate portfolios.
What asset classes does Textron Pension Fund allocate to?
The plan holds a 9.72 percent allocation to private equity and maintains a portfolio of 22 direct real estate investments. It also uses stable value funds in the defined contribution component.
Does Textron Pension Fund commit to external funds or make direct investments?
The fund acts as a limited partner in vehicles such as Bregal Sagemount Basecamp I and Energy Capital Partners III. It also holds a direct real estate portfolio of 22 properties.
Where does the underlying wealth for Textron Pension Fund originate?
The plan is sponsored by Textron Inc., a multi-industry company established in 1923 with primary operations in aerospace and defense.
Which professional networks does Textron Pension Fund participate in?
The plan belongs to CIEBA, where Charles Van Vleet serves on the board and chairs the Investment Subcommittee. Van Vleet also sits on the Lifespan Investment Advisory Board.
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