Updated:
Connecticut Plumbers & Pipefitters, UA Local 777
Connecticut Plumbers & Pipefitters Local 777 pension fund overseen by Michael Rosario, investing in buyouts and private credit for union benefits.
Connecticut Plumbers & Pipefitters, UA Local 777
Connecticut Plumbers & Pipefitters Local 777 operates its pension and health funds out of Meriden, Connecticut, serving members of the United Association (UA) across the state. Michael Rosario serves as Business Manager and Co-Chairman, overseeing the fund's investment and operational direction alongside the Mechanical Contractors Association of Connecticut, an employer partner for collective bargaining. The fund directs capital primarily toward buyout and private credit strategies, seeking stable, long-term returns to meet benefit obligations. It holds commercial and industrial real estate assets in Meriden, including the union's office at 1250 East Main Street and the JATC Training Center at 450 Murdock Avenue. A furniture and equipment pool in Meriden rounds out the balance sheet. The fund is affiliated with the AFL-CIO and the Midstate Chamber of Commerce. The fund's governance structure integrates union leadership with employer representatives. Charitable giving flows through the UA Charitable Fund Trust, while political activity is managed via the UA Local 777 PAC Fund. No disclosed external asset managers or co-investment partnerships were identified in public records. The fund operates as a union-defined-benefit plan with a dual fiduciary mandate — to ensure member benefit payments while preserving capital across investment cycles. Its small investment team and reliance on employer co-chair structure distinguishes it from larger, professionally staffed Taft-Hartley plans.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Meriden
Corporate office
Meriden, CT, United States
Principals
Michael Rosario
Business Manager and Co-Chairman of the Pension and Health Funds
Sector focus
Frequently asked questions
Who makes investment decisions at Connecticut Plumbers & Pipefitters Local 777?
Michael Rosario, as Business Manager and Co-Chairman of the Pension and Health Funds, leads investment stewardship alongside the fund's board, which includes employer representatives from the Mechanical Contractors Association of Connecticut. No publicly named CIO or external investment committee has been identified.
What is the fund's investment strategy?
The fund targets buyout and private credit strategies to generate returns for member retirement benefits. It holds commercial real estate assets in Connecticut, including union facilities. Public filings show a focus on illiquid, long-duration investments that align with its defined-benefit payout schedule.
How does the fund relate to the United Association?
Local 777 is a chartered affiliate of the United Association (UA), the international union representing plumbers, pipefitters, and sprinkler fitters. The fund operates independently for union members in Connecticut but adheres to UA governance standards and participates in national programs.
Does the fund make direct investments or use external managers?
No external investment managers, fund-of-funds, or co-investment partnerships have been disclosed in public records. The fund appears to manage assets internally through its board, with real estate held directly via union-affiliated properties.
What philanthropic or political structures does the fund maintain?
The union sponsors the UA Charitable Fund Trust for charitable giving and operates the UA Local 777 PAC Fund for political contributions. These structures are separate from the pension and health fund balance sheet.
Which sectors or asset classes does the fund explicitly avoid?
No public statement exists regarding negative screens or exclusions. Given its buyout and private credit focus, the fund likely avoids hedge funds, venture capital, and public equities, but this is not confirmed in public sources.
What is the fund's relationship with the Mechanical Contractors Association of Connecticut?
The Mechanical Contractors Association of Connecticut serves as the employer bargaining partner for the plumbers and pipefitters local. Its representatives co-chair the pension and health fund alongside union officials, ensuring shared governance of contributions and investment decisions.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: