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AFL-CIO Employers' Pension Plan - International Longshoremen's Association
The AFL-CIO Employers' Pension Plan for the International Longshoremen's Association (ILA) is a Taft-Hartley multi-employer pension fund established...
AFL-CIO Employers' Pension Plan - International Longshoremen's Association
The AFL-CIO Employers' Pension Plan for the International Longshoremen's Association (ILA) is a Taft-Hartley multi-employer pension fund established through collective bargaining between the ILA union and participating port employers. The fund serves dockworkers from Maine to Texas, with headquarters in Miramar, Florida. Edwin Stewart serves as fund manager, overseeing the plan's investment portfolio. The plan's investment strategy centers on buyout private equity, allocating capital across multiple fund vehicles. Known commitments include a U.S. Real Estate Investment Fund focused on commercial property in North America and the GCM Grosvenor Secondary Opportunities Fund III, which targets secondary market opportunities across global and Asia-Pacific markets. The plan typically invests through commingled funds and separate accounts, favoring a buyout-oriented approach. The plan is affiliated with the AFL-CIO labor federation and the ILA union, with participating employers concentrated in Southeast Florida ports. The fund operates as a defined-benefit pension plan, a structure that creates long-duration liability-matching needs. Recent activity: the plan has continued deploying capital into buyout strategies, with no public disclosures of specific transactions in the last 24 months.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Miramar
Corporate office
Miramar, FL, United States
Principals
Edwin Stewart
Fund Manager
Sector focus
Frequently asked questions
Who runs investment decisions at the AFL-CIO Employers' Pension Plan for the ILA?
Edwin Stewart serves as Fund Manager for the plan, overseeing investment strategy and portfolio allocation (per public record). The fund operates as a Taft-Hartley pension plan, which means investment decisions are made by a board of trustees representing both the union and participating employers.
How does the ILA pension plan source its investments?
The plan invests primarily through commingled fund vehicles and separate accounts managed by external investment firms. Known commitments include the GCM Grosvenor Secondary Opportunities Fund III and a U.S. Commercial Real Estate fund. The plan does not broadly publicize its manager selection process.
Is this a single-employer or multi-employer pension plan?
It is a multi-employer Taft-Hartley pension plan, established through collective bargaining between the International Longshoremen's Association and participating port employers along the US East and Gulf Coasts. Contributions come from multiple employers, making it a pooled defined-benefit plan.
What investment stages and asset classes does the ILA pension plan target?
The plan focuses on buyout private equity as its primary strategy, with additional allocations to US commercial real estate and secondary opportunities. It invests across North America and global/Asia-Pacific markets through its secondary fund commitment. The fund structure favors direct fund commitments rather than direct company co-investments.
Where does the underlying wealth of the pension plan come from?
The plan is funded by employer contributions required under collective bargaining agreements with the International Longshoremen's Association, representing dockworkers at ports from Maine to Texas. The AFL-CIO labor federation provides affiliation and regulatory oversight.
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