Drywall Pension Fund

Drywall Pension Fund

Drywall Pension Fund is a defined benefit pension plan headquartered in Long Island City, New York. The fund serves as a retirement vehicle for its members while maintaining an active venture capital allocation program. Unlike many public pension peers that access venture through fund commitments, Drywall operates a direct investment strategy, putting pension assets to work in private technology and growth companies across multiple stages of development. The fund's venture deployment spans seed through late-stage expansion, with a generalist sector approach. It structures investments directly rather than exclusively through fund-of-funds or LP commitments — a posture that aligns more with family office direct-investing models than the typical pension fund approach. The strategy targets early-stage formation capital as well as later-stage growth rounds, giving the fund exposure to the full venture lifecycle. No specific portfolio companies are publicly disclosed. The investment operation runs from a single location in Long Island City. No philanthropic foundations, real-asset arms, or club memberships have been disclosed in connection with the fund. What distinguishes Drywall Pension Fund structurally is its decision to run a direct venture program from a single office without the visible fund-of-funds layer typical of pension venture allocations. Most US public and private defined benefit plans access venture capital through commitments to external GPs.