Updated:
Pipeline Industry Benefit Fund
The Pipeline Industry Benefit Fund was created in 1964 to deliver retirement and disability benefits to eligible pipeline industry members and dependents.
Pipeline Industry Benefit Fund
The Pipeline Industry Benefit Fund was created in 1964 to deliver retirement and disability benefits to eligible pipeline industry members and dependents. It functions as a jointly trusteed plan with labor trustees from Local 798 and management trustees from the Pipe Line Contractors Association. The fund deploys capital across private equity, venture capital, real estate and credit strategies. Confirmed holdings include commitments to Kohlberg & Company, ARTIS Ventures, Mesirow Financial Real Estate Value Fund III and Oaktree Capital Management. Geographic exposure centers on the United States with additional activity through national managers. Target-date retirement funds serve as the default option in the associated annuity and 401(k) plan. Eleven professionals staff the Tulsa headquarters. The fund owns its 3.5-acre administrative campus that also houses union facilities and a welder training center. It maintains scholarships through the Pipeliners Voluntary Fund and Ernie Miller Scholarship. In November 2025 the fund participated as speaker at Local 798 Regional Meetings in Charleston, West Virginia to report on apprenticeship progress and plan updates. Governance rests with a board of trustees drawn equally from the union and contributing employers. This structure ties investment decisions directly to the multi-employer collective bargaining framework rather than a single family or corporate sponsor.
General information
Firm type
Pension Fund
Year founded
1964
Location
Region
North America
Country
United States
City
Tulsa
Corporate office
4845 South 83rd East Avenue, Tulsa, OK 74145-6909, United States
Principals
Renée E. Vause
Director
Daniel Hendrix
Co-Chairman of the Board of Trustees
Kelly Osborn
Co-Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Pipeline Industry Benefit Fund?
Renée E. Vause serves as Director. Daniel Hendrix and Kelly Osborn act as Co-Chairmen of the Board of Trustees. Trustees are appointed equally by the union and contributing employers.
Does Pipeline Industry Benefit Fund participate in fund commitments or only direct deals?
The fund invests primarily through limited partner commitments to external managers. Holdings include Kohlberg & Company, Oaktree Capital Management and Mesirow Financial funds.
What asset classes does Pipeline Industry Benefit Fund allocate to?
Allocations include private equity at a current 2 percent target, real estate, venture capital and credit. The fund also holds target-date retirement series as default options.
Where does the underlying wealth come from?
Contributions come from employers signatory to the National Pipe Line Agreement and from members of Pipeliners Local Union 798.
How is Pipeline Industry Benefit Fund related to Pipeliners Local Union 798?
The fund was established to benefit members of Local 798. The union supplies labor trustees and the plan covers eligible workers and families in the pipeline industry.
Does Pipeline Industry Benefit Fund maintain philanthropic structures?
Yes. The Pipeliners Voluntary Fund, established in 1967, provides scholarships and hardship relief. Additional scholarships include the Ernie Miller and Harry Faucett programs.
What investment stages does Pipeline Industry Benefit Fund target?
The fund commits to buyout, growth, early-stage venture and distressed debt strategies through its external managers.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: