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Carpenters Pension Trust Fund of Kansas City
The Carpenters' Pension Trust Fund of Kansas City was established in 1968 as a not-for-profit multiemployer trust. It provides retirement income for carpenters...
Carpenters Pension Trust Fund of Kansas City
The Carpenters' Pension Trust Fund of Kansas City was established in 1968 as a not-for-profit multiemployer trust. It provides retirement income for carpenters working under collective bargaining agreements within the Mid-America Carpenters Regional Council. Oversight falls to a Board of Trustees with equal representation from both union and employer appointees — a governance structure typical of Taft-Hartley plans. Related benefit funds administered in parallel include the St. Louis – Kansas City Carpenters Regional Training Fund and the corresponding annuity plan. The portfolio reflects a classic institutional posture blending liability-matching assets with return-seeking allocations. Fixed-income holdings concentrate in U.S. Government Securities and corporate debt instruments, while registered investment companies and common collective trusts round out the liquid sleeve. On the private-markets side, the fund participates in venture capital across early-stage, expansion-stage, and buyout strategies, embracing seed and startup exposures as well as mezzanine and secondary transactions. Real estate investments favor core and industrial properties concentrated in North America. AUM is estimated at approximately $1.4 billion based on a review of recent public filings and investment activity patterns (Altss estimate). Trustees and administrators maintain professional network participation through the International Foundation of Employee Benefit Plans. Virgil (Rocky) Kloth serves as Union Trustee and Plan Administrator, while Gary Perinar chairs the Board. Employer interests are represented by trustees including Donald Greenwell and Ruben Navarro. No recent operational event within the past 24 months could be confirmed. The fund's defining structural characteristic is its joint board governance embedded in a multiemployer framework. Unlike single-employer plans or sovereign funds that answer to a sole sponsor, the Kansas City carpenters' fund draws on collective bargaining resources from multiple contributing employers and local unions across the Mid-America region. This structure constrains investment timelines to the actuarial horizon of participants while granting permanent capital advantages in private markets.
General information
Firm type
Pension Fund
Year founded
1968
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
Kansas City, MO, United States
Principals
Virgil (Rocky) Kloth
Union Appointed Trustee and Plan Administrator
Gary Perinar
Chairman of the Board of Trustees
Donald Greenwell
Employer Appointed Trustee
Ruben Navarro
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Carpenters Pension Trust Fund of Kansas City?
Investment oversight rests with a Board of Trustees composed of union and employer appointees. Gary Perinar serves as Chairman, and Virgil (Rocky) Kloth acts as Union Trustee and Plan Administrator. Employers are represented by Donald Greenwell and Ruben Navarro. The board typically engages outside consultants and may delegate specific investment decisions to professional managers.
Is this fund structured as a single employer or multiemployer plan?
It is a multiemployer defined-benefit trust established under the Taft-Hartley Act. It pools contributions from multiple employers bound by collective bargaining agreements with the Mid-America Carpenters Regional Council, covering local unions across the Kansas City and St. Louis corridor.
What investment stages does the fund typically target in its private markets allocation?
The fund discloses activity across early-stage venture, including seed and startup rounds, as well as expansion-stage, buyout, mezzanine, and secondary transactions. This suggests a diversified private-markets program that uses both primary fund commitments and direct exposures.
Does the fund participate in fund commitments or only direct deals?
Its use of registered investment companies, common collective trusts, and 103-12 investment entities points to a meaningful fund-of-funds and LP commitment model, particularly within its liquid and intermediate-duration sleeves. Direct co-investment activity is not ruled out but is less visible in public records.
How are related benefit vehicles managed alongside the pension fund?
The St. Louis – Kansas City Carpenters Regional Training Fund and Regional Annuity Fund operate as separate legal entities but share trustees and administrative resources with the pension fund. This creates a coordinated benefits ecosystem for participating union members.
What is the fund's known posture on co-investments alongside external GPs?
There is no public disclosure confirming an active co-investment program beyond standard LP commitments. The fund's exposure to buyout and venture managers is primarily through pooled vehicles, though plan-level flexibility for selective co-investment is not uncommon among funds of this size.
Where does the underlying capital come from?
All capital originates from employer contributions negotiated in collective bargaining agreements covering union carpenters in the Mid-America Carpenters Regional Council jurisdiction. There is no external wealth source; the fund operates entirely as a participant-directed pension pool.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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