# Carpenters and Joiners Benefit Funds

Carpenters and Joiners Benefit Funds is a Pension Fund based in Bloomington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bloomington, United States
- **Region:** North America
- **Address:** 3001 Metro Drive Suite 500, Bloomington, MN, United States
- **Founded:** 1964
- **Assets under management:** 1867 (Altss estimate)
- **Website:** carpentersandjoinersbenefits.com

## Regulatory record

- **Reports private funds:** No

## About

The plan was established in 1964 as a non-contributory defined benefit pension for Twin City carpenters and joiners. It operates under a multi-employer Taft-Hartley trust structure with the North Central States Regional Council of Carpenters as the primary labor sponsor and several Minnesota employer associations as contributing parties. Allocations include commitments to private equity vehicles such as NB Crossroads Fund 24 and North Sky Capital funds. Real estate exposure runs through American Realty Advisors and direct holdings including the Dublin Corporate Center office complex in California. Infrastructure and private debt placements supplement the portfolio. Geographic focus centers on the United States with limited international equity via index vehicles. Wilson-McShane Corporation has served as plan administrator and depository since inception. Segal provides actuarial services. PNC Realty Investors and Neuberger Berman act as investment advisors. No operational events from the last 24 months appear in available records. The fund maintains a scholarship program through the North Central States Regional Council of Carpenters that awards annual grants to children of members in good standing.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Cullen Garrity — Plan Administrator

## Questions

### Who runs investment decisions at Carpenters and Joiners Benefit Funds?

Wilson-McShane Corporation serves as plan administrator. PNC Realty Investors, Neuberger Berman, North Sky Capital, and Macquarie Asset Management act as investment advisors. Segal Marco Advisors provides consulting.

### Does Carpenters and Joiners Benefit Funds participate in fund commitments or only direct deals?

The fund holds both fund commitments and direct real estate assets. Positions include NB Crossroads Fund 24, North Sky Capital vehicles, and the Dublin Corporate Center office project.

### What asset classes does Carpenters and Joiners Benefit Funds target?

Allocations cover private equity at 5.11 percent, real estate through American Realty Advisors and direct holdings, infrastructure, and public equity and fixed income index funds managed by BlackRock.

## Related profiles

- [Spinnaker Trust](https://altss.com/profile/spinnaker-trust)
- [Postens Pensionsstiftelse](https://altss.com/profile/postens-pensionsstiftelse)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/carpenters-and-joiners-benefit-funds

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