Carpenters Pension Fund of Illinois

Carpenters Pension Fund of Illinois

The Carpenters Pension Fund of Illinois was established in 1957 to serve members of the Mid-America Carpenters Regional Council. Dan O'Connell serves as chairman and Roger Huebner as secretary of the board of trustees. The plan provides benefits through a multiemployer structure funded by employer contributions. The fund targets a balanced allocation that includes private equity at 14.39 percent. Confirmed holdings include commitments to JPMorgan Infrastructure Investments Fund, IFM Core Infrastructure Fund, ULLICO Core Infrastructure Fund and Siguler Guff Business Buyout Fund. Additional positions are held in Heitman Value Series real estate vehicles and Landmark Equity Partners XIV. Investments span the United States and global markets through these partnerships. Total plan assets reached $2.28 billion as of January 1, 2024. The fund maintains a core real estate portfolio valued at approximately $196 million that includes data centers. It also holds direct real estate assets such as its former headquarters at 28 N 1st St in Geneva, Illinois. Service providers include Wilson-McShane Corporation as fund administrator and Segal Marco Advisors as investment consultant. The fund operates as a multiemployer pension plan governed by a board of trustees drawn from labor and management. This structure ties investment decisions to the long-term obligations of the affiliated regional council rather than a single sponsor. Administration is handled separately through the Independent Employee Benefits Corporation.