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Union Carbide Employees' Pension Plan
The Union Carbide Employees' Pension Plan was established in 1937 to deliver retirement benefits to employees of the chemicals and polymers company.
Union Carbide Employees' Pension Plan
The Union Carbide Employees' Pension Plan was established in 1937 to deliver retirement benefits to employees of the chemicals and polymers company. Bryan Jendretzke serves as plan administrator. Dow Chemical Company has managed the plan since acquiring Union Carbide in 2001. The plan allocates 4.98 percent of assets to private equity. Confirmed commitments include positions with GCM Grosvenor, Ardian, Platinum Equity, and Global Infrastructure Partners. It also maintains exposure to real estate through Arden Group and agriculture via NCH Capital in Ukraine. Public equity holdings reported in 2022 included a 10 percent stake in SeaStar Medical Holding Corp. The plan lists five manufacturing facilities as direct assets, including Seadrift Operations in Texas and St. Charles Operations in Louisiana. It retains Prudential Insurance Company of America as custodian and Willis Towers Watson as investment advisor. No operational events from the last 24 months appear in available records. The plan operates as a legacy corporate pension under Dow Chemical rather than an independent family office or asset manager. Its investment program centers on external fund commitments rather than direct deal origination.
General information
Firm type
Corporate Pension Fund
Year founded
1937
AUM
2.4B (Altss estimate)
Location
Region
North America
Country
United States
City
Midland
Corporate office
2211 H.H. Dow Way, Midland, MI, United States
Principals
Bryan Jendretzke
Plan Administrator
Sector focus
Frequently asked questions
Who runs investment decisions at the Union Carbide Employees' Pension Plan?
Bryan Jendretzke serves as plan administrator. External advisors include Willis Towers Watson for investment guidance and GCM Grosvenor for private markets allocation.
Does the plan participate in fund commitments or only direct deals?
The plan commits to external private equity and infrastructure funds. Reported limited partner relationships include Ardian, Platinum Equity, and Global Infrastructure Partners.
Where does the underlying wealth come from?
The plan is funded by contributions tied to Union Carbide's chemicals and polymers operations. It has remained a single-employer defined-benefit plan since 1937.
How is the plan related to Dow Chemical Company?
Dow Chemical acquired Union Carbide in 2001 and has since managed the pension plan through its own pension fund operations.
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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