# Carpenters Pension Trust Fund for Northern California

Carpenters Pension Trust Fund for Northern California is a Pension Fund based in Oakland, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oakland, United States
- **Region:** North America
- **Address:** Oakland, CA, United States
- **Founded:** 1958
- **Assets under management:** Undisclosed
- **Website:** carpenterpension.org
- **LinkedIn:** https://www.linkedin.com/company/carpenter-funds-administrative-office-of-northern-california-inc

## Regulatory record

- **Reports private funds:** No

## About

Carpenters Pension Trust Fund For Northern California is a defined benefit plan established in 1958. It serves employees within the Carpenters Pension Trust Fund For Northern California network. The fund focuses on the biotech and life science sectors.

## Sectors

- Real Estate
- Secondaries & Special Situations

## People

- Jay Bradshaw — Union Trustee
- Donald A. Dolly — Employer Trustee
- David Lee — Employer Trustee
- Larry Nibbi — Employer Trustee
- Gerald Overaa — Employer Trustee

## Questions

### How does the fund allocate between real estate and secondaries?

The fund maintains a bifurcated approach. It holds a direct real estate portfolio concentrated in Northern California commercial property and mixed-use joint ventures, while also being an active buyer in the private equity secondaries market. Public records indicate the secondary commitments are a distinct pillar of the plan's private markets exposure.

### What is a Taft-Hartley plan, and how does that structure affect the trust?

A Taft-Hartley plan is a collectively bargained, multi-employer pension fund jointly governed by union and employer trustees. For this fund, contributions are negotiated under the carpenters' collective bargaining agreements for Northern California. The joint board structure means the plan's fiduciary decisions are balanced between labor and management representatives.

### Who are the employer trustees, and what companies do they represent?

Employer trustees have included Donald A. Dolly of Condon-Johnson & Associates, David Lee of Hathaway Dinwiddie Construction Company, Larry Nibbi of Nibbi Brothers General Contractors, and Gerald Overaa of C. Overaa & Co. These are among the largest commercial construction contractors in Northern California.

## Related profiles

- [Carpenters & Millwrights of Houston & Vicinity Pension Fund](https://altss.com/profile/carpenters-millwrights-of-houston-vicinity-pension-fund)
- [Carpenters' Pension Trust Fund of St. Louis](https://altss.com/profile/carpenters-pension-trust-fund-of-st-louis)

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

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