# American Federation of Musicians and Employers’ Pension Fund

American Federation of Musicians and Employers’ 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:** 14 Penn Plaza, 12th Floor, New York, NY 10122, United States
- **Founded:** 1959
- **Assets under management:** $1.53B
- **Website:** afm-epf.org
- **LinkedIn:** https://www.linkedin.com/company/afmepf

## About

The American Federation of Musicians and Employers’ Pension Fund was founded in 1959. It operates as a multiemployer defined benefit plan serving participants under agreements with the American Federation of Musicians. The fund deploys capital across private equity, real estate, and fixed income. Confirmed holdings include limited partner interests in Blackstone Capital Partners VIII, Blackstone Capital Partners IX, and Carlyle Group funds. It also maintains positions in core real estate vehicles such as the Clarion Lion Properties Fund and the Morgan Stanley Prime Property Fund. Geographic exposure centers on the United States with additional commitments to global and emerging markets strategies. Cambridge Associates has acted as outsourced chief investment officer since 2017. The fund maintains an office at 14 Penn Plaza in New York. September 2024: Participated as speaker at the NCCMP Annual Conference on multiemployer pension reform and Special Financial Assistance. The plan is governed by a board of trustees with equal representation from union and employer sides. This joint structure determines investment policy and oversight of service providers including Milliman as actuary and BNY Mellon as custodian.

## Sectors

- Private Equity
- Real Estate

## People

- Melissa Conklin Kolle — Executive Director
- Raymond M. Hair, Jr. — Union Co-Chair of the Board of Trustees
- Christopher J.G. Brockmeyer — Employer Co-Chair of the Board of Trustees

## Questions

### Who runs investment decisions at the American Federation of Musicians and Employers’ Pension Fund?

Melissa Conklin Kolle serves as Executive Director. Cambridge Associates has provided outsourced chief investment officer services since 2017.

### Does the fund participate in fund commitments or only direct deals?

The fund holds limited partner interests in private equity funds managed by Blackstone, Carlyle, Oak Hill Capital, StepStone, and HarbourVest.

### What asset classes does the fund allocate to?

Allocations include private equity at 31.64 percent, private real estate, common and collective trusts, and investment-grade bonds in the Special Financial Assistance account.

### How is the fund related to the American Federation of Musicians?

The American Federation of Musicians is the labor union representing plan participants and holds union trustee positions on the board.

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Last updated: 2026-07-08T21:03:57.953Z

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