# Boilermakers National Funds

Boilermakers National Funds is a Pension Fund based in Kansas City, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Kansas City, United States
- **Region:** North America
- **Address:** 12200 North Ambassador Drive Suite 326, Kansas City, MO 64190-9700, United States
- **Founded:** 1960
- **Assets under management:** 7.5B (Altss estimate)
- **Website:** bnf-kc.com
- **LinkedIn:** https://www.bnf-kc.com

## Regulatory record

- **Reports private funds:** No

## About

The Boilermaker-Blacksmith National Pension Trust was established in 1960 by the International Brotherhood of Boilermakers. It supplies defined benefits to eligible union members across construction and industrial sectors. Administrative services are handled through Wilson-McShane Corporation. The trust deploys capital through a fund-of-funds approach alongside direct holdings. Allocations include 1.66 percent to private equity, 8.7 percent to real estate, and 20.9 percent to alternatives that encompass hedge funds valued at $637 million. Confirmed exposures cover American Strategic Value Realty Fund, AREA Property Partners Value Enhancement Fund, and Global Risk Balanced Commingled Funds. Geographic reach centers on the United States with additional holdings in global commodities strategies. The fund maintains relationships with external managers including Western Asset Management, Wellington Management, and Parametric Portfolio Associates. It participates in the International Foundation of Employee Benefit Plans and maintains the Boilermakers' Disaster Relief Fund for member assistance. No operational events from the last 24 months appear in available records. Governance ties the trust directly to the International Brotherhood of Boilermakers through shared trustees and benefit delivery, creating a closed loop between union membership and asset management that differs from standalone public pensions.

## Sectors

- Infrastructure
- Energy & Utilities

## People

- Mario Rodriguez — Chief Investment Officer
- John T. Fultz — Chairman of the Board of Trustees
- Justin Kathman — Fund Administrator

## Questions

### Who runs investment decisions at Boilermaker-Blacksmith National Pension Trust?

Mario Rodriguez holds the Chief Investment Officer role. The Board of Trustees, chaired by John T. Fultz, sets overall policy.

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

The trust uses a fund-of-funds structure for private equity and real estate alongside select direct holdings. Commitments include Carlyle Group and Ares Management vehicles.

### What asset classes receive the largest allocations?

Public records show private equity at 1.66 percent, real estate at 8.7 percent, and alternatives including a $637 million hedge fund portfolio. The balance sits in traditional fixed income and equity mandates.

### How is the trust related to the International Brotherhood of Boilermakers?

The union established the trust in 1960. Trustees overlap with union leadership and benefits flow exclusively to covered IBB members.

### Which service providers support the trust's operations?

BNY Mellon acts as custodian. Western Asset Management and Wellington Management serve as investment advisors. Wilson-McShane Corporation provides third-party administration.

## Related profiles

- [Nationwide Pension Fund](https://altss.com/profile/nationwide-pension-fund)
- [Anthos Funds & Asset Management](https://altss.com/profile/anthos-funds-asset-management)

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Last updated: 2026-07-08T20:58:23.403Z

Canonical page: https://altss.com/profile/boilermaker-blacksmith-national-pension-trust

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