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Airconditioning and Refrigeration Industry Retirement Trust Fund
The Airconditioning and Refrigeration Industry Retirement Trust Fund was established in 1959 to manage retirement income for eligible participants in the...
Airconditioning and Refrigeration Industry Retirement Trust Fund
The Airconditioning and Refrigeration Industry Retirement Trust Fund was established in 1959 to manage retirement income for eligible participants in the sector. Joint trustees include representatives from Local 250 United Association and the Airconditioning and Refrigeration Contractors Association of Southern California. The fund allocates 9.04 percent to private equity through commitments to vehicles including Sterling Group Partners V, JMI Equity, and American Securities Partners VI. Additional exposures include real estate via ASB Allegiance Real Estate Fund and Westbrook Real Estate Partners IX, plus a 2 percent target in gold and a 3 percent target in natural resources. Geographic focus centers on the United States with select global holdings in distressed debt and venture capital. The fund holds its headquarters building through the Airconditioning and Refrigeration Industry Building Corporation. Service providers include Comerica Bank as custodian and Horizon Actuarial Services as investment consultant. No operational events from the last 24 months appear in available records.
General information
Firm type
Pension Fund
Year founded
1959
Location
Region
North America
Country
United States
City
Orange
Corporate office
3500 West Orangewood Avenue, Orange, CA 92868, United States
Principals
Mark Burnside
Management Trustee
Kristi Wagner
Plan Administrator
Sector focus
Frequently asked questions
Who runs investment decisions at the Airconditioning and Refrigeration Industry Retirement Trust Fund?
Mark Burnside serves as management trustee and Kristi Wagner as plan administrator. Joint trustees from Local 250 United Association and employer associations participate in allocation decisions.
Does the fund participate in fund commitments or only direct deals?
The fund acts as a limited partner in private equity, real estate, and venture capital vehicles including Sterling Group Partners V and JMI Equity.
What asset classes receive target allocations?
Private equity receives a 9.04 percent allocation. Gold holds a 2 percent target and natural resources a 3 percent target.
Where does the underlying wealth come from?
Contributions originate from employers and participants in the airconditioning and refrigeration industry under collective bargaining agreements.
How is the fund related to Local 250 United Association?
Local 250 United Association serves as a business partner and joint trustee alongside employer representatives.
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