# Steelworkers Pension Trust

Steelworkers Pension Trust is a Pension Fund based in Pittsburgh, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** 60 Blvd. of the Allies – Suite 600, Pittsburgh, PA, United States
- **Founded:** 1953
- **Assets under management:** $8B
- **Website:** spt-usw.org
- **LinkedIn:** https://www.linkedin.com/company/steelworkers-pension-trust

## Regulatory record

- **Reports private funds:** No

## About

The Steelworkers Pension Trust was formed in 1953. The Upholsterers’ International Union created the plan; the United Steelworkers assumed sponsorship following the 1985 merger. Employer contributions alone fund benefits. The structure remains a multi-employer defined-benefit arrangement. Allocations include private equity commitments to Blackstone, Goldman Sachs Asset Management, Lexington Partners, and Oaktree. Real estate exposure runs through CBRE Investment Management, Angelo Gordon, and ASB Real Estate funds. Infrastructure positions are held via JP Morgan Asset Management and CBRE. Geographic reach covers the United States and selected global markets. The trust also maintains public equity positions such as TOTVS and Eni. Assets total $7 billion. The Pittsburgh headquarters employs a small operations team. Daniel Bosh serves as chairman and director of operations; Ross McClellan acts as director of operations; W. Bryan Lewis sits on the board of trustees. May 2025: W. Bryan Lewis attended the Essential Utilities Annual Meeting in his capacity as board member. A related VEBA trust provides retiree health coverage. The trust operates under a single-union sponsorship model. United Steelworkers maintains formal oversight while major steel employers such as U.S. Steel and Cleveland-Cliffs supply ongoing contributions. This arrangement fixes governance and contribution flows without external LP capital raises.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Daniel Bosh — Chairman and Director of Operations
- Ross McClellan — Director of Operations
- W. Bryan Lewis — Member of the Board of Trustees

## Questions

### Who runs investment decisions at Steelworkers Pension Trust?

Daniel Bosh serves as chairman and director of operations. Ross McClellan holds the director of operations role. W. Bryan Lewis sits on the board of trustees.

### How does Steelworkers Pension Trust source proprietary deal flow?

The trust commits capital as a limited partner to established managers including Blackstone, Goldman Sachs Asset Management, and Lexington Partners.

### Does Steelworkers Pension Trust participate in fund commitments or only direct deals?

The trust participates exclusively through fund commitments and limited-partner positions in private equity, real estate, and infrastructure vehicles.

### What investment stages does Steelworkers Pension Trust typically target?

The trust targets buyout, secondaries, and balanced private equity strategies along with core and value-add real estate and infrastructure assets.

### How is Steelworkers Pension Trust related to United Steelworkers?

United Steelworkers serves as the sponsoring union and maintains formal governance oversight of the trust.

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Last updated: 2026-07-08T20:58:25.722Z

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