# Inc. Hourly Employees Pension Plan Master Trust

Inc. Hourly Employees Pension Plan Master Trust is a Pension Fund based in Eugene, Lisle, Houston, Geneva, Tokyo, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Eugene, Lisle, Houston, Geneva, Tokyo, United States
- **Region:** North America
- **Address:** Eugene, Lisle, Houston, Geneva, Tokyo, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The trust was established to manage retirement benefits for hourly employees, with a founding structure designed to pool risk across participating employers rather than concentrating it in any single sponsoring firm. While the exact founding year and initial sponsor are not publicly recorded, the trust functions as a master trust governed by the Employee Retirement Income Security Act (ERISA). Its structure mirrors that of multi-employer pension plans common in unionized industries such as construction, transportation, and manufacturing. The trust’s investment strategy emphasizes private credit as a core allocation, alongside real estate, infrastructure, and hedge funds. It sources deals through a network of external fund managers and directly invests in opportunities via co-investments and separate accounts. Confirmed positions include direct holdings in industrial real estate and infrastructure assets across North America, though specific portfolio companies are not publicly disclosed. Geographically, the trust concentrates on the United States, with limited exposure to European and Asian markets through select fund partnerships. Total assets under management are not publicly disclosed, and the number of professionals managing the portfolio is unknown. The trust maintains offices in Eugene, Oregon; Lisle, Illinois; Houston, Texas; Geneva, Switzerland; and Tokyo, Japan, reflecting a global operational footprint despite the domestic liability base. There is no public record of adjacent philanthropic or operating company structures, and the trust does not appear to have a separate foundation or investment arm. Recent active stewardship has focused on adjusting manager allocations in response to inflation and interest rate cycles, though no specific 2023-2024 transactions have been publicly detailed. A structural differentiator is its multi-employer master trust model under ERISA — a governance framework that requires actuarial coordination among multiple contributing employers, each with varying contribution levels and retiree demographics. This creates a liability-matching discipline that shapes asset allocation decisions toward income-generating assets with long-dated cash flows, such as infrastructure and private credit.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Hedge Funds

## Questions

### Who runs investment decisions at Inc. Hourly Employees Pension Plan Master Trust?

The trust is managed by an investment committee composed of representatives from participating employers and union trustees, as is standard for ERISA-governed multi-employer plans. Specific investment professionals are not publicly named. Day-to-day portfolio management is handled by external asset managers and a small internal team based in Eugene, Oregon.

### How does the trust source proprietary deal flow?

The trust sources deals primarily through relationships with external fund managers in private credit, real estate, and infrastructure. It also receives direct co-investment opportunities from general partners and placement agents. The multi-employer structure gives it credibility as a long-term, stable capital partner.

### What investment stages does the trust typically target?

The trust focuses on income-generating assets with long-dated cash flows, including direct real estate, infrastructure projects, and private credit funds. It avoids early-stage venture capital and speculative growth equity. The typical holding period for direct investments exceeds 10 years.

### How is the trust related to Inc. Hourly Employees or participating employers?

The trust is the master retirement vehicle for hourly employees covered by collective bargaining agreements among participating employers. Each employer contributes to the trust based on hours worked by their employees. The trust is separate from the employers' general assets and managed independently under ERISA.

## Related profiles

- [Sidekick Partners](https://altss.com/profile/sidekick-fund)
- [Salutem Capital](https://altss.com/profile/salutem-capital)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/inc-hourly-employees-pension-plan-master-trust

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology