# Pipeline Industry Benefit Fund

Pipeline Industry Benefit Fund is a Pension Fund based in Tulsa, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Tulsa, United States
- **Region:** North America
- **Address:** 4845 South 83rd East Avenue, Tulsa, OK 74145-6909, United States
- **Founded:** 1964
- **Assets under management:** 1.5B (Altss estimate)
- **Website:** pibf.org
- **LinkedIn:** https://www.linkedin.com/company/pipeline-industry-benefit-fund

## Regulatory record

- **Reports private funds:** No

## About

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 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.

## Sectors

- Energy & Utilities

## People

- Renée E. Vause — Director
- Daniel Hendrix — Co-Chairman of the Board of Trustees
- Kelly Osborn — Co-Chairman of the Board of Trustees

## 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.

### 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.

### 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.

### 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.

## Related profiles

- [Seafarers' Pension Fund](https://altss.com/profile/seafarers-pension-fund)
- [A. Joseph Business Enterprises](https://altss.com/profile/a-joseph-business-enterprises)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/pipeline-industry-benefit-fund

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