# Eastern Atlantic States Carpenters Benefit Funds

Eastern Atlantic States Carpenters Benefit Funds is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** 1811 Spring Garden Street, Philadelphia, PA 19130, United States
- **Founded:** 1962
- **Assets under management:** 4.1B (Altss estimate)
- **Website:** members.carpenters.fund

## Regulatory record

- **Reports private funds:** No

## About

The Eastern Atlantic States Carpenters Benefit Funds was established in 1962 to serve members of the Eastern Atlantic States Regional Council of Carpenters. It operates as a multiemployer pension vehicle providing defined benefits funded by employer contributions tied to union labor agreements. Allocations include private equity at roughly 12 percent of assets, real estate portfolios valued near $290M across core, core-plus, and value-add strategies, and mortgage holdings of $55M. The fund also maintains positions in infrastructure and private credit. Geographic exposure centers on the United States with offices in Philadelphia and Edison, New Jersey. A new campus at the Philadelphia Navy Yard is under development for the benefit funds and Carpenter Contractor Trust. The fund participates in the Delaware Valley Health Care Coalition and holds membership in the International Foundation of Employee Benefit Plans. It sponsors the Eastern Atlantic States Regional Council of Carpenters Scholarship Fund, which has awarded over 400 scholarships totaling more than $2.5M since 1996. Service providers include Cohen Milstein Sellers & Toll PLLC for legal counsel and Janney Montgomery Scott LLC as investment advisor.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## Offices

- Edison, NJ, United States

## People

- Joseph Obuchowicz — Fund Director

## Questions

### Who runs investment decisions at Eastern Atlantic States Carpenters Benefit Funds?

Joseph Obuchowicz serves as Fund Director. External advisors such as Janney Montgomery Scott LLC provide investment guidance under board oversight.

### Does Eastern Atlantic States Carpenters Benefit Funds participate in fund commitments or only direct deals?

The fund acts as a limited partner in private equity, infrastructure, and private credit vehicles through the Annuity Fund. It also holds direct real estate assets.

### What investment stages does Eastern Atlantic States Carpenters Benefit Funds typically target?

Allocations span buyout, growth, secondaries, and early-stage venture strategies within private equity.

### How is Eastern Atlantic States Carpenters Benefit Funds related to the Carpenter Contractor Trust?

The two entities collaborate on real estate and are jointly relocating to a new Navy Yard campus in Philadelphia.

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- [DAOL Investment & Securities](https://altss.com/profile/daol-investment-securities)
- [Sergey Brin Family Foundation](https://altss.com/profile/sergey-brin-family-foundation)

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

Canonical page: https://altss.com/profile/eastern-atlantic-states-carpenters-benefit-funds

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