UPS has selected Goldman Sachs Group as its outsourced chief investment office to invest the parcel-delivery company’s $43 billion North American pension fund, multiple media sources reported.
Goldman already manages roughly $325 billion of pension assets, according to Bloomberg.
As of Dec. 31, 2021, the UPS Pension Fund had $2.29 billion of its $56 billion U.S. Plan invested in real estate.
