Updated:
US Bancorp
US Bancorp is an SEC-registered investment adviser in Minneapolis, MN, registered since 2001. The firm manages $427.5 billion in assets, with $426.6 billion on...
US Bancorp
US Bancorp is an SEC-registered investment adviser in Minneapolis, MN, registered since 2001. The firm manages $427.5 billion in assets, with $426.6 billion on a discretionary basis. It employs 322 staff and has 62 registered investment advisers.
General information
Firm type
Pension Fund
Year founded
1863
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
800 Nicollet Mall, Minneapolis, MN, United States
Principals
Gunjan Kedia
Chief Executive Officer
Andrew Cecere
Executive Chairman
Stephen Philipson
Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking
Sector focus
Frequently asked questions
Who runs investment decisions at US Bancorp?
Investment management operates within the Wealth, Corporate, Commercial and Institutional Banking division under Vice Chair Stephen Philipson. The corporate pension portfolio, which drives the firm's principal investment activity, follows a disclosed late-stage strategy. Gunjan Kedia, CEO since April 2025, sets overarching capital allocation policy.
Does US Bancorp participate in direct deals or only fund commitments?
The firm's strategy is categorized as late-stage and encompasses direct commercial real estate holdings alongside a corporate pension portfolio. The U.S. Bancorp Center in Minneapolis and the U.S. Bancorp Tower in Portland represent owned-and-operated real estate assets. Fund-level commitments outside the pension mandate have not been publicly detailed.
What is US Bancorp's role in digital assets?
U.S. Bank launched institutional Bitcoin custody services in 2023 and subsequently expanded to service spot Bitcoin ETF providers. This makes it one of the few large U.S. custodial banks actively supporting regulated crypto investment vehicles. The custody business sits within the institutional banking division and competes with specialized providers like Coinbase and BNY Mellon.
How is the U.S. Bancorp Foundation structured?
The U.S. Bancorp Foundation serves as the firm's philanthropic vehicle, operating separately from investment and banking operations. It directs charitable giving from the corporate entity. Public disclosures do not detail the foundation's specific grantmaking budgets or focus areas beyond general corporate citizenship.
What is US Bancorp's posture on co-investments alongside external managers?
The firm's late-stage investment strategy and pension mandate suggest capacity for co-investment alongside external GPs, but specific co-investment activity has not been publicly detailed. The pension portfolio structure is not broken out by direct versus fund-of-funds allocation.
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.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: