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Pipefitters Local 636 Defined Benefit Pension Fund
The Pipefitters Local 636 Defined Benefit Pension Fund was established in 1993. It functions as a multiemployer defined-benefit plan for pipefitters and HVAC...
Pipefitters Local 636 Defined Benefit Pension Fund
The Pipefitters Local 636 Defined Benefit Pension Fund was established in 1993. It functions as a multiemployer defined-benefit plan for pipefitters and HVAC technicians in Southeast Michigan under the United Association (UA) Local 636. The fund allocates across private equity and real estate. Confirmed positions include a commitment to TerraCap Partners Fund V, a closed-end real estate vehicle focused on value-add commercial properties in North America. It also maintains natural resources exposure on a global basis. Additional strategies listed in plan records encompass buyout, distressed debt, venture, growth, mezzanine, secondaries, and fund-of-funds approaches. Assets total $450 million. The plan is administered by BeneSys, Inc. since 1993. Legal counsel includes Sullivan, Ward, Asher & Patton, P.C. and AsherKelly. Prudential Annuities Service acts as custodian. The fund maintains an investment horizon of 10 to 20 years and a ticket size range of $5 million to $15 million. Governance rests with a Board of Trustees drawn from union leadership. The structure ties investment decisions directly to the affiliated labor organization rather than external managers or family principals.
General information
Firm type
Pension Fund
Year founded
1914
Location
Region
North America
Country
United States
City
Farmington Hills
Corporate office
700 Tower Drive Suite 300, Troy, MI 48098, United States
Principals
Larry Krisniski
Business Manager and Trustee
Jake Regits
Financial Secretary, Treasurer, and Trustee
Dan Gurley
Business Agent and Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Pipefitters Local 636 Defined Benefit Pension Fund?
A Board of Trustees composed of union officers including Larry Krisniski, Jake Regits, and Dan Gurley oversees decisions. The plan is administered by BeneSys, Inc.
Does Pipefitters Local 636 Defined Benefit Pension Fund participate in fund commitments or only direct deals?
The fund makes commitments to closed-end vehicles. A confirmed position is TerraCap Partners Fund V.
What asset classes does Pipefitters Local 636 Defined Benefit Pension Fund target?
Allocations include private equity at 4.22 percent and real estate. Additional strategies encompass buyout, distressed debt, venture, growth, mezzanine, secondaries, and fund-of-funds.
Where does the underlying wealth come from for Pipefitters Local 636 Defined Benefit Pension Fund?
Contributions come from employers and members of United Association Local 636, which represents pipefitters and HVAC technicians in Southeast Michigan.
What is Pipefitters Local 636 Defined Benefit Pension Fund's known posture on co-investments alongside external GPs?
No direct co-investment program is disclosed. The fund operates through limited partner commitments to external vehicles.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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