# 1199 New England Health Care Employees Welfare & Pension Funds 1199 New England Health Care Employees Welfare & Pension Funds is a Pension Fund based in Hartford, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Hartford, United States - **Region:** North America - **Address:** Hartford, CT, United States - **Founded:** 1991 - **Assets under management:** Undisclosed - **Website:** 1199nefunds.org ## Regulatory record - **Reports private funds:** No ## About The 1199 New England Health Care Employees Pension Fund launched in 1991 as a non-contributory defined benefit plan for unionized caregivers across Connecticut. It shares an administrative backbone with its sister Welfare Fund under the same Hartford roof, but the pension vehicle is the entity with a public investment posture. Rob Baril, president of SEIU District 1199NE, sits as a trustee, linking the fund's governance directly to the union leadership that negotiates the contributions feeding its corpus. Asset-class coverage spans distressed debt, secondaries, private credit, and special situations, alongside balanced fund commitments and direct co-investments. The most visible deployment is the fund's membership on the Official Committee of Unsecured Creditors in the Genesis Healthcare bankruptcy, a Chapter 11 case proceeding through the North Texas Bankruptcy Court in 2025. That position converted a conventional employer relationship into an active distressed-debt posture — the fund is both a major Genesis counterparty and a voice shaping the restructuring. The plan also participates across venture stages, from seed to expansion, and maintains buyout and mezzanine exposure, though individual fund manager names are not publicly itemized. The fund operates from a modest commercial office at 77 Huyshope Avenue in Hartford with publicly listed phone and fax lines for member pension inquiries. Its scale, estimated at $923 million (Altss estimate), reflects a mid-sized Taft-Hartley plan that has not chosen to advertise its total assets. The only named partner is SEIU District 1199NE, the union whose members generate the contribution base, and no investment staff or external OCIO is disclosed on the firm's site. The structural differentiator is its posture as a creditor-side labor plan in a healthcare bankruptcy. Most union pension funds remain passive limited partners; this fund stepped into an activist committee role against a major employer that owes it money. The Genesis Healthcare proceeding — where the fund holds an unsecured claim — turns a worker retirement pool into a direct special-situations participant. No other visible club memberships, operating businesses, or philanthropic arms appear in public filings beyond the core pension and welfare vehicles. ## Sectors - Distressed Debt - Private Credit - Healthcare Services ## Offices - 77 Huyshope Avenue, 2nd Floor, Hartford, CT 06106 ## People - Rob Baril — President of SEIU District 1199NE and Trustee of the Pension Fund ## Questions ### Who runs investment decisions at the 1199 New England Pension Fund? The fund's public-facing governance runs through its trustees. Rob Baril, president of SEIU District 1199NE, is named as a trustee, but the fund does not publicly disclose an internal chief investment officer, an external OCIO, or an investment committee roster. The trustee board, drawn from union leadership, oversees the plan's allocation decisions. ### What is the fund's exposure to Genesis Healthcare? Genesis Healthcare is both a major employer of the union's members and a debtor to the pension fund. The fund holds an unsecured claim in Genesis's Chapter 11 case, heard in the North Texas Bankruptcy Court as of 2025. It is a leading member of the Official Committee of Unsecured Creditors, putting it in the room for restructuring negotiations. ### How is the fund's investment program structured across asset classes? The plan deploys across distressed debt, special situations, private credit, secondaries, and a broad venture-stage mandate spanning seed through late stage. It also uses fund-of-funds, direct co-investment, buyout, and mezzanine structures. The allocation weights and named fund managers are not publicly itemized. ### Does the fund participate in fund commitments or only direct deals? Both. The fund's stated strategy set includes fund-of-funds and balanced fund commitments alongside direct co-investments and special situations exposure. Its most visible direct engagement is the distressed claim in the Genesis Healthcare restructuring. ### Where does the fund's capital come from? The capital is built from collectively bargained employer contributions negotiated by SEIU District 1199NE on behalf of Connecticut healthcare workers. Members do not contribute directly; it is a non-contributory defined benefit plan backed by these periodic employer payments. ## Related profiles - [J A & Leta M Chapman Charitable Trust](https://altss.com/profile/j-a-and-leta-m-chapman-charitable-trust) - [Plumbers' & Pipefitters' Local Union 562 Pension Fund](https://altss.com/profile/plumbers-and-pipefitters-local-union-562-pension-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/1199-new-england-health-care-employees-welfare-and-pension-funds Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology