# Union Carbide Employees' Pension Plan

Union Carbide Employees' Pension Plan is a Corporate Pension Fund based in Midland, United States.

## Overview

- **Organization type:** Corporate Pension Fund
- **Headquarters:** Midland, United States
- **Region:** North America
- **Address:** 2211 H.H. Dow Way, Midland, MI, United States
- **Founded:** 1937
- **Assets under management:** 2.4B (Altss estimate)
- **Website:** www.unioncarbide.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Chemicals

## People

- Bryan Jendretzke — Plan Administrator

## 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.

### 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.

## Related profiles

- [Newham Council](https://altss.com/profile/newham-council)
- [Dow Pensioenfonds](https://altss.com/profile/dow-pensioenfonds)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/union-carbide-corporation

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