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Fox Valley & Vicinity Construction Workers Pension Fund
The Fox Valley & Vicinity Construction Workers Pension Fund was created on June 1, 1965 by a trust agreement between Laborers International Union Locals...
Fox Valley & Vicinity Construction Workers Pension Fund
The Fox Valley & Vicinity Construction Workers Pension Fund was created on June 1, 1965 by a trust agreement between Laborers International Union Locals 582 and 1035, the Fox Valley General Contractors Association, and the Illinois Road Builders Association. Its purpose is to provide retirement benefits to construction workers covered by collective bargaining agreements in Boone, Kane, Kendall, and McHenry counties. The fund is governed by a board with equal union and employer representation. The fund pursues a diversified investment strategy spanning buyout, venture capital, distressed debt, fund of funds, real estate, and co-investments. It holds assets through vehicles such as the AFL-CIO Building Investment Trust, the Multi-Employer Property Trust, and funds managed by Intercontinental Real Estate Corporation and American Realty Advisors. Its geographic footprint is US-focused but reaches multiple property types including commercial, residential, and mixed-use. The fund is a participant in the International Pension Fund (IPF), which coordinates reporting and investment management across multiple union pension plans. Key IPF trustees include Timothy Driscoll and Gregory R. Hess as co-chairs, alongside Executive Director David F. Stupar. The fund is also a member of the Investors for Opioid and Pharmaceutical Accountability coalition. The fund's structure as a multi-employer Taft-Hartley plan gives it a distinct governance model. Joint union-employer trusteeship ensures that investment decisions balance worker benefit security with employer contribution sustainability. Its participation in the IPF provides access to larger-scale institutional managers than a single plan could typically reach.
General information
Firm type
Multi Family Office
Year founded
1965
AUM
Under $5B (Altss estimate)
Location
Region
North America
Country
United States
City
Elgin
Corporate office
2371 Bowes Road, Suite 500, Elgin, IL, United States
Principals
Timothy Driscoll
Co-Chair of the Boards of Trustees for the International Pension Fund
Gregory R. Hess
Co-Chair of the Boards of Trustees for the International Pension Fund
David F. Stupar
Executive Director of the International Pension Fund
Shannon Foley
Trustee
Sector focus
Frequently asked questions
Who makes investment decisions for the Fox Valley & Vicinity Construction Workers Pension Fund?
Investment decisions are made by a board of trustees composed of equal numbers of union and employer representatives, as required by the Taft-Hartley Act. The fund participates in the International Pension Fund, which provides shared investment management and reporting structures.
How does the fund source its investment opportunities?
The fund gains access to institutional investment vehicles through its membership in the International Pension Fund and participation in multi-employer trusts. It invests across asset classes including private equity, real estate, venture capital, and fund of funds.
What is the fund's relationship with the International Pension Fund?
The Fox Valley fund is a participating fund in the International Pension Fund, sharing reporting and investment management structures. Key IPF leadership—Timothy Driscoll and Gregory R. Hess as co-chairs, and David F. Stupar as executive director—oversee this collaborative framework.
What asset classes does the fund invest in?
The fund pursues a diversified strategy spanning buyout, venture capital, distressed debt, fund of funds, real estate, and co-investments. Specific holdings include the AFL-CIO Building Investment Trust, Multi-Employer Property Trust, and funds managed by Intercontinental Real Estate Corporation and American Realty Advisors.
Is the fund a member of any institutional investor coalitions?
Yes, the fund is a member of the Investors for Opioid and Pharmaceutical Accountability (IOPA), a coalition of institutional investors that engage on pharmaceutical accountability issues.
Where is the fund based and what region does it serve?
The fund is headquartered at 2371 Bowes Road, Suite 500, Elgin, Illinois. It serves construction workers represented by Laborer Locals 582 and 1035 in Boone, Kane, Kendall, and McHenry counties.
How does the fund's governance structure differ from a corporate pension?
As a Taft-Hartley multi-employer pension fund, it is governed by a joint board of union and employer trustees rather than corporate management. This structure ensures that benefits and contributions are negotiated through collective bargaining and that investment policy reflects both worker and employer interests.
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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