Carpenter Funds Administrative Office of Northern California

Carpenter Funds Administrative Office of Northern California

The Carpenter Funds Administrative Office of Northern California was established in 1981 to manage multi-employer benefit plans sponsored by the United Brotherhood of Carpenters and Joiners of America. It handles health, retirement, vacation, and training benefits for union members in the region. The office allocates across real estate, private equity, and public equities. Confirmed holdings include commitments to ASB Real Estate Investments, the Intercontinental U.S. REIF, the AFL-CIO Building Investment Trust, and Hamilton Lane private equity mandates. Geographic exposure centers on the United States with a focus on Northern California properties and national fund commitments. The firm employs 46 professionals at its Oakland headquarters. It maintains relationships with service providers including ASB Capital Management, Chevy Chase Trust Company, and The Segal Company. Attendance at the IFEBP Annual Employee Benefits Conference in November 2024 and the NCCMP Annual Conference in September 2024 reflects ongoing engagement with multiemployer plan governance. The office operates as the dedicated administrator for union-negotiated Taft-Hartley plans, separating investment decisions from direct union control through trustee structures that include both labor and employer representatives.