# Connecticut Health Care Associates (CHCA)

Connecticut Health Care Associates (CHCA) is a Pension Fund based in Wallingford, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Wallingford, United States
- **Region:** North America
- **Address:** 2 North Plains Industrial Rd, Wallingford, CT 06492, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Connecticut Health Care Associates operates as a Taft-Hartley multi-employer pension plan serving nursing and service staff at Connecticut hospitals, including Waterbury Hospital. The fund is an affiliate of the American Federation of State, County and Municipal Employees (AFSCME) and the National Union of Hospital and Health Care Employees (NUHHCE). Dave Hannon, President of CHCA District 1199, acts as the fund's lead fiduciary. The fund's investment strategy centers on secondaries, real estate holdings, and special-situations exposures. Its property interests include a stake in the Multi-Employer Property Trust (MEPT), a commingled national portfolio. On the distressed side, CHCA has taken an active posture — Hannon chaired the Unsecured Creditors Committee in the Prospect Medical Holdings Chapter 11 case, where the fund emerged as a major creditor due to pension underfunding by the hospital operator. This committee role gave CHCA direct influence over Prospect's reorganization, reflecting a willingness to use creditor rights to protect member benefits. The fund's team size and total deployment are not publicly reported. Its membership and geographic footprint are concentrated in Connecticut, with the Wallingford headquarters supporting affiliated union locals under the District 1199 umbrella. Adjacent structures include the broader AFSCME and AFL-CIO labor federation networks, which provide shared resources and industry-association connections. CHCA's structural differentiator is its willingness to litigate employer-side pension obligations through bankruptcy proceedings — a posture more confrontational than most peer plans.

## Sectors

- Hedge Funds
- Secondaries & Special Situations
- Real Estate

## People

- Dave Hannon — President / Secretary-Treasurer

## Questions

### Who runs investment decisions at CHCA?

Dave Hannon serves as President and Secretary-Treasurer of CHCA District 1199, acting as the fund's lead fiduciary. The full board composition and any external investment consultant relationships are not publicly detailed.

### How is CHCA structured as a pension fund?

CHCA is a Taft-Hartley multi-employer pension plan, jointly administered by union and employer trustees. It operates under the umbrella of AFSCME and NUHHCE, with a membership base concentrated among healthcare workers at Connecticut hospitals.

### What role did CHCA play in the Prospect Medical Holdings bankruptcy?

CHCA was a major creditor in the Chapter 11 case due to unpaid pension contributions. Dave Hannon chaired the Unsecured Creditors Committee, giving the fund a direct voice in the reorganization plan negotiations and signaling an active enforcement posture on employer obligations.

### Which employers contribute to CHCA?

Contributing employers include Connecticut hospitals where CHCA represents nursing and service staff. Waterbury Hospital is a known participant. Prospect Medical Holdings was a contributing employer prior to its bankruptcy, and the resulting pension shortfall made CHCA a significant creditor in that case.

## Related profiles

- [Connecticut College Endowment](https://altss.com/profile/connecticut-college-endowment)
- [Connecticut Municipal Employees Retirement System](https://altss.com/profile/connecticut-municipal-employees-retirement-system-cmers)

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Last updated: 2026-08-11T02:43:31.692Z

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