Keyspan Corporation Pension Master Trust

Overview

Keyspan Corporation Pension Master Trust originated as the retirement vehicle for KeySpan Corporation employees. National Grid USA acquired KeySpan in 2007 and continues to sponsor the plan. The trust deploys capital across infrastructure and real estate. Confirmed positions include limited partnership interests in Basalt Infrastructure Partners IV C L.P., Basalt Infrastructure Partners III C L.P., and NLG Infrastructure Fund USD II, L.P. It also holds a minority interest in the commercial property at 257-263 West 34th Street through Triad Boys II LLC and participates in the Mercer US Core Real Estate Portfolio. Geographic exposure spans the United States and United Kingdom. The Bank of New York Mellon serves as trustee and custodian. National Grid USA Service Company Inc. acts as plan administrator and co-investor in multiple infrastructure vehicles. No operational events from the last 24 months appear in available records. The trust operates under a single corporate sponsor mandate with no external capital or succession vehicles disclosed.