National Grid USA Companies Final Average Pay Pension Plan
Corporate pension, based in Brooklyn, New York, reporting $2.1B in assets, for 6,132 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Mar 2025, National Grid USA Companies Final Average Pay Pension Plan no longer reports Bridgewater All Weather Prtflio II (last held $21M at 2024-03-31; absent from the 2025-03-31 filing).
3 more advisers, 4 more managers, 21 more commitments and 14 more dated events
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- Msci Acwi Ex USA Nl Fund3 commitments
- EB Temporary Investment3 commitments
- Hipep VII Emerging Mkts Feeder Fund3 commitments
- State Street Global Advisors Trust6 commitments
- HarbourVest5 commitments
- BNY Mellon3 commitments
Relationship network
50 connected entities24 observed commitments15 repeat counterparties17 dated commitments shown here, 2023 to 2025
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesCorporate pensionShowHide
Allocation policy
- Interest-bearing cash 0.1%
- Corporate debt instruments (other) 20.4%
- Corporate debt instruments (preferred) 12.4%
- U.S. Government securities 13.9%
- Other investments 8.3%
- Partnership/joint venture interests 21.7%
- 103-12 investment entities 0.1%
- Common/collective trusts 13.3%
- Registered investment companies 7.3%
- Common stock 0.0%
- Preferred stock 0.2%
Consultants and advisers
- Pricewaterhousecoopers LLP General consultantthrough Mar 31, 2024 Form 5500
- K&l Gates LLP General consultantthrough Mar 31, 2024 Form 5500
- Bank of New York Mellon CustodianGeneral consultantthrough Mar 31, 2024 Form 5500
+3 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- State Street Global Advisors Trust6 rows, latest Mar 31, 2025
- HarbourVest5 rows, latest Mar 31, 2025
- BNY Mellon3 rows, latest Mar 31, 2025
+4 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Harbourvest Partners LPplan years
- HarbourVestplan years
- Grantham Mayo van Otterloo & Co LLCplan years
+15 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
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What changed
- Mar 31, 2025Holding endedinferenceNational Grid USA Companies Final Average Pay Pension Plan no longer reports Bridgewater All Weather Prtflio II (last held $21M at 2024-03-31; absent from the 2025-03-31 filing)with Bridgewater All Weather Prtflio IIaskebsa.dol.gov
- Mar 31, 2025Holding endedinferenceNational Grid USA Companies Final Average Pay Pension Plan no longer reports GMO Multi-Strategy Fund (onshore) (last held $4M at 2024-03-31; absent from the 2025-03-31 filing)with GMO Multi-Strategy Fund (onshore)askebsa.dol.gov
- Mar 31, 2025Holding endedinferenceNational Grid USA Companies Final Average Pay Pension Plan no longer reports Harbourvest Partners V Partnership (last held $38,256 at 2024-03-31; absent from the 2025-03-31 filing)with Harbourvest Partners V Partnershipaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedMassachusetts Mutual Life appears on National Grid USA Companies Final Average Pay Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Massachusetts Mutual Life Insurance Companyaskebsa.dol.gov
- Dec 31, 2024Manager relationship startedNisa Investment Advisors appears on National Grid USA Companies Final Average Pay Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)with Nisa Investment Advisors, LLCaskebsa.dol.gov
+14 more dated events
Every name, record and relationship behind this count, with the source on each.
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Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Mar 31, 2025 | Msci Acwi Ex USA Nl Fundcollective trust | State Street Global Advisors Trust | Pooled vehicles | $30.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Mar 31, 2025 | EB Temporary Investmentcollective trust | BNY Mellon | Pooled vehicles | $50.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Mar 31, 2025 | Hipep VII Emerging Mkts Feeder Fund103 12 ie | Harbourvest Partners LP | Pooled vehicles | $1.6M held | Disclosed holding | askebsa.dol.gov |
+21 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Mar 31, 2025 | 6,132 | $1.8B | $1.6B | 99.0% | $2.1B | $447M | Not disclosed | Not disclosed |
| 2023 to Mar 31, 2024 | 7,749 | $1.9B | $1.7B | 103.6% | $2.0B | $461M | Not disclosed | Not disclosed |
| 2022 to Mar 31, 2023 | 10,252 | $2.9B | $2.1B | 107.2% | $2.1B | $458M | Not disclosed | Not disclosed |
- AON Consulting Inc. codes 11 16 50 65 $957,950 PY2024
- Western Asset Management codes 28 50 $450,365 PY2024
- Pacific Investment Management codes 28 50 $447,995 PY2024
+75 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
National Grid USA Companies Final Average Pay Pension Plan sits on 22 traced paths of capital across the graphs.
DFX traced 22 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Holding in a pooled vehicle ended2025-03-31source on record
- Holding in a pooled vehicle ended2025-03-31source on record
- Holding in a pooled vehicle ended2025-03-31source on record
+16 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+26 connections on the graph
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