# Carpenters Combined Funds

Carpenters Combined Funds is a Pension Fund based in Pittsburgh, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** 650 Ridge Road Suite 300, Pittsburgh, PA 15205-9503, United States
- **Founded:** 1964
- **Assets under management:** Undisclosed
- **Website:** www.carpenterscombinedfunds.org

## Regulatory record

- **Reports private funds:** No

## About

Carpenters Combined Funds was established in 1964 to manage benefits for members of the Greater Pennsylvania Carpenters union. William C. Sproule serves as chairman and plan administrator alongside co-chair David D. Daquelente and executive director James R. Klein. The fund allocates across private equity, real estate, and public equities. Holdings include commitments to Townsend Real Estate Alpha Fund III and American Realty Advisors Core Property Fund. Public positions encompass First Solar, Philip Morris International, and Vanguard Total Stock Market ETF. The geographic focus centers on the United States with additional exposure through global real estate vehicles. The organization maintains relationships with service providers including Meketa Investment Group, Callan, and Henry Rossi & Co. It participates in industry events such as the 2024 Public School Fund Investment Board Meeting. Additional offices are not disclosed. Governance links the fund directly to the Eastern Atlantic States Regional Council of Carpenters as plan sponsor, creating a structure where investment oversight sits with union leadership rather than external managers.

## Sectors

- Real Estate
- Diversified

## People

- William C. Sproule — Chairman of the Board of Trustees and Plan Administrator
- James R. Klein — Executive Director and Plan Administrator
- David D. Daquelente — Co-Chairman and Plan Sponsor

## Questions

### Who runs investment decisions at Carpenters Combined Funds?

William C. Sproule serves as chairman of the board of trustees and plan administrator. James R. Klein acts as executive director and plan administrator. David D. Daquelente serves as co-chairman.

### Does Carpenters Combined Funds participate in fund commitments or only direct deals?

The fund holds limited partner interests in real estate vehicles including Townsend Real Estate Alpha Fund III and American Realty Advisors Core Property Fund.

### How is Carpenters Combined Funds related to the Eastern Atlantic States Regional Council of Carpenters?

The regional council acts as plan sponsor and maintains a direct business partner relationship with the fund.

## Related profiles

- [Shuaa Capital](https://altss.com/profile/shuaa-capital-psc)
- [FIPECq](https://altss.com/profile/fipecq)

---

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

Canonical page: https://altss.com/profile/carpenters-combined-funds-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology