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Established in 1993 and based in Hartford, Connecticut, the Eversource Retirement Plan Master Trust operates as a defined-benefit corporate pension plan providing retirement, pension, survival, and death benefits to eligible employees. The trust is funded through employer contributions from its sponsoring organization, Eversource Energy, a Fortune 500 utility company serving over 4.4 million customers with a market capitalization near $23.8 billion. Financial institution BNY Mellon serves as the official trustee for the pension fund, overseeing the administration and safeguarding of its accumulated assets for participating employers in the energy sector. To meet its long-term obligations, the trust engages in active diversified investment activities alongside other venture capital firms and institutional funds. Highlighting this diversified strategy, the pension plan recently participated as an investor in the Series B funding round for the biotechnology company RWDC Industries.
Eversource Retirement Plan Master Trust has 2 tracked investments across 1 company. The latest tracked deal is $133.0M Series B in RWDC Industries in May 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 5, 2020 | RWDC Industries | $133.0M Series B | Cpv/cap Pensionskasse Coop, Flint Hills Resources, International SA, Finian TAN | WI Harper Group |
| Apr 23, 2019 | RWDC Industries | $22.0M Series A | Eversource Retirement Plan Master Trust, Vickers Venture Partners | WI Harper Group |