UC Investments, the investment arm of the University of California, and State Street Corporation (NYSE: STT), a global leader in asset management and investment servicing, today announced a strategic initiative to give individuals access to institutional-grade investment tools and opportunities.

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The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader spectrum of investment opportunities, including private markets. It also seeks to enhance financial literacy and deliver highly personalized, digitally enabled investment experiences through a new “superapp” – a single platform with multiple investment management services – that will be offered to the 353,000 participants in UC’s defined contribution plan. Over time, the program may extend to UC’s broader community, including nearly 300,000 students and more than two million living alumni.

“This alliance strengthens our enduring relationship with UC Investments,” said Ron O’Hanley, chairman and chief executive officer of State Street. “It reflects our mutual commitment to harnessing technology and innovation to enhance financial outcomes for individual investors and their families, leveraging State Street’s investment and wealth services capabilities.”

State Street is the world’s fourth-largest asset manager, with nearly $5 trillion in assets under management, of which over $1.1 trillion are investment products for individuals and their wealth advisors. In addition, State Street provides investment software platforms and services to wealth managers serving individual investors around the world. State Street has partnered with UC Investments for more than two decades. Today, State Street manages $110 billion of UC Investments’ $193 billion portfolio across pension, endowment, and other assets and provides custody and other investment services for most of its portfolio.

For UC Investments, the initiative reflects a deepening commitment to financial inclusion. It builds on a 2024 milestone that opened the Blue & Gold Endowment Pool – the same fund in which the institution invests – to individual retirement savers. In 2017, UC and State Street collaborated to introduce Deferred Lifetime Income, an optional annuity solution for UC Retirement Savings Plan participants.

“We’re proud to expand our partnership with State Street to deliver the kinds of insights, tools, and investment access that have historically been reserved for large institutions or ultra-wealthy investors,” said Jagdeep Singh Bachher, chief investment officer for the University of California. “Our goal is to help every UC community member take control of their financial future – using AI, data, and design to build a long-term plan for wealth and security.”

The initiative will reimagine the investor experience with a digitally enabled, AI-powered platform that simplifies access to private markets, enhances financial literacy, and supports personalized financial planning. By putting powerful wealth-building tools into the hands of individuals, UC Investments and State Street aim to fundamentally reshape how people engage with their financial futures.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.7 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of March 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of March 31, 2025 includes approximately $106 billion of assets with respect to SPDR^® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

About UC Investments

UC Investments manages the University of California’s retirement, endowment, working capital, and cash assets. Serving students, alumni, faculty, and staff, UC Investments provides fiduciary oversight and long-term stewardship of the university’s $193 billion investment portfolio. Visit here for more.

Tracking number: 8125873.1.1.GBL.RTL

Expiration date: Jun 30, 2026

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