# 32BJ School Workers Pension Fund

32BJ School Workers Pension Fund is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 25 West 18th Street, New York, NY 10011, United States
- **Assets under management:** $9.4B
- **Website:** 32bjfunds.org
- **LinkedIn:** https://www.linkedin.com/company/building-service-32bj-benefit-funds

## Regulatory record

- **Reports private funds:** No

## About

The 32BJ School Workers Pension Fund was established to provide retirement benefits for members employed in New York City schools. Employers contribute according to agreements negotiated with the 32BJ SEIU union. Trustees are appointed equally by the union and employer groups such as NYC School Support Services. The fund targets allocations of 52 percent equities, 30 percent fixed income, 8 percent hedge funds, 7.5 percent real estate and 2.5 percent private equity. Confirmed limited partner commitments include Oaktree Real Estate Debt Fund II, PIMCO Distressed Senior Credit Opportunities Fund III, Blackstone Capital Partners V and VI, and Athyrium Opportunities Fund III. Investments span the United States and select global opportunities. Assets stood at $539 million as of the most recent valuation. The fund maintains relationships with service providers including The Segal Company as actuary, Schultheis and Panettieri as auditor, and Gallagher Fiduciary Advisors as investment advisor. It belongs to the International Foundation of Employee Benefit Plans and is insured by the Pension Benefit Guaranty Corporation. Governance follows a multi-employer structure in which SEIU Local 32BJ and employer associations each appoint half the board of trustees, creating a formal balance between labor and management interests.

## Sectors

- Private Equity
- Real Estate

## People

- Shirley Aldebol — Union Trustee and Plan Administrator
- Stephen J. Brennan — Employer Trustee and Plan Sponsor
- Elizabeth Baker — Union Trustee
- Joe Aulisio — Union Trustee
- Manny Pastreich — Union Trustee
- Howard I. Rothschild — Employer Trustee

## Questions

### Who runs investment decisions at 32BJ School Workers Pension Fund?

Trustees appointed by SEIU Local 32BJ and employer groups oversee the fund. Shirley Aldebol serves as union trustee and plan administrator. External advisors including Gallagher Fiduciary Advisors provide investment guidance.

### Does 32BJ School Workers Pension Fund participate in fund commitments or only direct deals?

The fund acts as a limited partner in commingled vehicles. Holdings include Oaktree Real Estate Debt Fund II, PIMCO Distressed Senior Credit Opportunities Fund III and Blackstone Capital Partners funds.

### How is 32BJ School Workers Pension Fund related to SEIU Local 32BJ?

SEIU Local 32BJ represents plan participants and appoints half the board of trustees. The union also negotiates the contribution rates paid by employers.

### What asset classes does the fund target?

Target allocations include equities at 52 percent, fixed income at 30 percent, hedge funds at 8 percent, real estate at 7.5 percent and private equity at 2.5 percent.

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Last updated: 2026-07-08T21:10:33.803Z

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