# Fox Valley & Vicinity Construction Workers Pension Fund Fox Valley & Vicinity Construction Workers Pension Fund is a Pension Fund based in Schaumburg, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Schaumburg, United States - **Region:** North America - **Address:** Schaumburg, IL, United States - **Founded:** 1965 - **Assets under management:** Undisclosed - **Website:** fvlab.com - **LinkedIn:** https://linkedin.com/company/fox-valley-laborers ## Regulatory record - **Reports private funds:** No ## About The Fox Valley & Vicinity Construction Workers Pension Fund provides defined-benefit retirement income to members of the International Union of Bricklayers and Allied Craftworkers (BAC) from contributions made by signatory employers in northern Illinois. Trustees Driscoll and Hess serve alongside Executive Director David F. Stupar within the International Pension Fund framework, which centralizes reporting and investment management for multiple regional BAC plans. The fund pursues a multi-asset strategy spanning real estate, private equity, venture capital, and distressed debt. Its real estate exposure is channeled primarily through union-focused commingled vehicles: the AFL-CIO Building Investment Trust, the AFL-CIO Housing Investment Trust, and the Multi-Employer Property Trust (MEPT) — commercial and residential properties built with union labor. Additional real estate relationships include Intercontinental Real Estate Corporation and American Realty Advisors. The private-markets portfolio blends fund commitments, co-investments, and direct allocations across buyout, mezzanine, special situations, and venture from seed to late stage. Governance flows through local trustees and the IPF's national structure, with no disclosed satellite offices beyond Schaumburg. The fund's structural signature is its embeddedness in BAC's national Taft-Hartley network. Unlike stand-alone corporate pensions, Fox Valley shares back-office, legal, and investment-committee functions through the IPF — a collaborative architecture designed to aggregate bargaining power and reduce administrative costs for smaller regional plans. ## Sectors - Diversified - Real Estate - Private Equity - Venture Capital - Distressed Debt ## People - Timothy Driscoll — Co-Chair of the Boards of Trustees, International Pension Fund - Gregory R. Hess — Co-Chair of the Boards of Trustees, International Pension Fund - David F. Stupar — Executive Director, International Pension Fund - Shannon Foley — Trustee ## Questions ### Who runs investment decisions at Fox Valley & Vicinity Construction Workers Pension Fund? The fund is governed by a board of trustees, currently co-chaired by Timothy Driscoll and Gregory R. Hess. Day-to-day management and investment operations are executed through the International Pension Fund (IPF) under Executive Director David F. Stupar. The IPF provides shared investment management and reporting infrastructure for multiple regional BAC pension plans. ### How is Fox Valley & Vicinity related to the International Union of Bricklayers and Allied Craftworkers? It is a Taft-Hartley defined-benefit pension fund established to provide retirement benefits to BAC union members in the Fox Valley region of Illinois. The fund pools contributions made by signatory construction employers and participates in the broader International Pension Fund governance structure that serves BAC locals nationwide. ### How does the fund allocate capital across asset classes? The fund operates a diversified multi-asset strategy. Real estate allocations flow primarily through union-affiliated commingled vehicles including the AFL-CIO Building Investment Trust, AFL-CIO Housing Investment Trust, and the Multi-Employer Property Trust. Private-markets exposure spans buyout, venture capital, distressed debt, mezzanine, and special situations via fund commitments and co-investments. ### Does Fox Valley & Vicinity make direct investments or only fund commitments? The fund employs a hybrid approach, making both fund commitments and direct co-investments. Its private-markets strategy materials reference buyout, venture, distressed, and mezzanine exposure executed through direct allocations alongside fund-of-funds structures. ### What is the fund's known posture on ESG or shareholder engagement? The fund is a member of the Investors for Opioid and Pharmaceutical Accountability (IOPA), a coalition of institutional investors that engages pharmaceutical companies on governance and accountability related to the opioid crisis. This is the only publicly identifiable advocacy affiliation. ### Where does the fund's capital come from? Contributions are made by construction-industry employers signatory to collective bargaining agreements with BAC locals in the Fox Valley and vicinity region of northern Illinois. These contributions are negotiated hourly benefit rates that fund the defined-benefit pension plan. ### Is the Fox Valley fund managed independently or as part of a larger entity? It is a participating fund in the International Pension Fund (IPF), which centralizes investment management, reporting, and back-office functions for multiple regional BAC Taft-Hartley plans. The Fox Valley fund retains its own board of trustees but shares IPF's operational and governance infrastructure. ## Related profiles - [Fox River Partners](https://altss.com/profile/fox-river-partners-frp) - [Fox Valley & Vicinity Laborers' Pension Fund](https://altss.com/profile/fox-valley-vicinity-laborers-pension-fund) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/fox-valley-vicinity-construction-workers-pension-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology