UC Investments, the investment arm of the University of California, and State Street Corporation, a global leader in asset management and investment servicing, have announced a strategic initiative to provide individual investors with access to institutional-grade investment tools and opportunities, including private markets, through a new AI-powered “superapp.”
The initiative aims to combine advanced investment technologies and artificial intelligence to offer individuals direct access to a broader range of investment opportunities. The new superapp, designed as a single platform with multiple investment management services, will enhance financial literacy and deliver highly personalized, digitally enabled investment experiences. It will initially be offered to the 353,000 participants in UC’s defined contribution plan, with potential future expansion to the broader UC community, including nearly 300,000 students and more than two million living alumni.
Ron O’Hanley, chairman and chief executive officer of State Street, stated, “This alliance strengthens our enduring relationship with UC Investments. 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, the world’s fourth-largest asset manager, oversees nearly $5 trillion in assets under management, with over $1.1 trillion dedicated to investment products for individuals and their wealth advisors. The company also provides investment software platforms and services to wealth managers globally. State Street has partnered with UC Investments for over two decades, currently managing $110 billion of UC Investments’ $193 billion portfolio across pension, endowment, and other assets, in addition to providing custody and other investment services for the majority of its portfolio.
For UC Investments, which manages the University of California’s retirement, endowment, working capital, and cash assets totaling $193 billion, the initiative underscores a deeper commitment to financial inclusion. This 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 also collaborated to introduce Deferred Lifetime Income, an optional annuity solution for UC Retirement Savings Plan participants.
Jagdeep Singh Bachher, chief investment officer for the University of California, commented, “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. 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 joint effort seeks to fundamentally reshape how individuals engage with their financial futures by simplifying access to private markets, enhancing financial literacy, and supporting personalized financial planning through a powerful, digitally enabled, AI-powered platform. As of March 31, 2025, State Street Corporation reported $46.7 trillion in assets under custody and/or administration and $4.7 trillion in assets under management.
