American Air Liquide Holdings, Inc. Retirement Plan

The plan does not publish the names of individual investment decision-makers. Governance likely sits with an internal committee drawn from Air Liquide's US finance and HR leadership in Houston. Day-to-day asset management is outsourced to institutional money managers, consistent with the moderate scale and single-sponsor corporate structure of the plan.

The plan is the US defined-benefit retirement vehicle for employees of American Air Liquide Holdings, Inc., the wholly owned US subsidiary of Paris-based Air Liquide S.A. It operates under ERISA as a separate legal entity with its own fiduciary governance, ring-fenced from the parent company's global treasury and pension obligations.

Only partially. SEC filings reveal a position in a Prudential Investment Portfolios product, indicating use of pooled investment vehicles. Beyond this single disclosed holding, the plan does not publish a full portfolio breakdown, which is typical for corporate pension plans of its size — many rely on commingled funds that avoid the detailed disclosure required of larger public plans.

Yes. All available evidence points to American Air Liquide Holdings maintaining an active defined-benefit plan rather than a frozen legacy — the plan continues to appear in regulatory filings as an ongoing entity, and Air Liquide's US operations have not publicly announced a freeze or termination. This distinguishes it from many industrial peers that have shifted to defined-contribution-only retirement offerings.

The plan is a quiet, likely conservative institutional pool that GPs encounter primarily through consultants or fund-of-funds gateways. Without public investment-team contacts or an articulated alternatives allocation, it falls outside the typical direct-sourcing universe for venture and buyout managers — relevant mainly as an LP in commingled vehicles, not as a direct co-investor.