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Bricklayers & Allied Craftworkers Local #4
Bricklayers & Allied Craftworkers Local #4 operates as a union pension fund affiliated with the International Union of Bricklayers and Allied...
Bricklayers & Allied Craftworkers Local #4
Bricklayers & Allied Craftworkers Local #4 operates as a union pension fund affiliated with the International Union of Bricklayers and Allied Craftworkers. The fund serves members in California, Indiana, and Kentucky, with local offices and training centers in Fairfield, La Verne, Irwindale, Indianapolis, and South Bend. The fund deploys capital primarily through secondaries and special situations, targeting private credit and real estate investments. It maintains relationships with signatory contractors including Balfour Beatty Construction, which works on public infrastructure projects. The fund's strategy emphasizes income generation to support pension obligations. Assets include several commercial properties used for union operations and apprenticeship training, such as the BAC Local 4 California Union Hall & Training Center in La Verne and the Irwindale Apprenticeship Training Center. The fund is affiliated with the Los Angeles/Orange Counties Building and Construction Trades Council and the Associated Construction Contractors of New Jersey. A structural differentiator is the fund's direct ownership of real estate used for training and administration, which reduces external overhead costs and ensures long-term operational control over member services.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Fairfield
Corporate office
Fairfield, CA, United States
Additional offices
La Verne, CA · Indianapolis, IN · Irwindale, CA · South Bend, IN
Principals
Steve Knowles
President/Officer, BAC Local 4 Indiana/Kentucky
Joe Bustos
Apprenticeship Director, BAC Local 4 California
Sector focus
Frequently asked questions
Who runs investment decisions at Bricklayers & Allied Craftworkers Local #4?
Investment decisions are made by the fund's trustees and officers, including Steve Knowles, President/Officer of BAC Local 4 Indiana/Kentucky, and Joe Bustos, Apprenticeship Director for BAC Local 4 California. The fund operates under the governance structure of the International Union of Bricklayers and Allied Craftworkers (per public record).
How does Bricklayers & Allied Craftworkers Local #4 source proprietary deal flow?
The fund sources investments through its network of signatory contractors, such as Balfour Beatty Construction, and through industry affiliations with building trades councils in California, Indiana, and Kentucky. These relationships provide direct access to real estate and infrastructure projects involving union labor.
Is Bricklayers & Allied Craftworkers Local #4 structured as a pension fund or a family office?
It is a union pension fund, not a family office. It manages retirement and benefit assets for members of the Bricklayers & Allied Craftworkers union in Local 4 jurisdictions, with oversight from the international union.
Does Bricklayers & Allied Craftworkers Local #4 participate in fund commitments or only direct deals?
The fund focuses on secondaries and special situations, which may include both direct investments in real estate and infrastructure as well as commitments to pooled vehicles. Its holdings include owned commercial properties used for training and operations.
What investment stages does Bricklayers & Allied Craftworkers Local #4 typically target?
The fund targets secondaries and special situations, which suggests a focus on acquiring existing assets or claims, rather than early-stage or venture investments. This aligns with the need for stable income streams to meet pension obligations.
Which sectors does Bricklayers & Allied Craftworkers Local #4 explicitly avoid?
Public filings do not list explicit avoidance sectors, but the fund's disclosed strategy centers on real estate, infrastructure, and private credit, implying limited exposure to technology, healthcare, or other high-risk asset classes.
Where does the underlying wealth come from?
The fund's capital comes from contributions by signatory contractors and union members in the bricklaying trade. It is a collective pension fund, not a single-family office with private wealth.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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