# Hollow Metal Benefit Funds

Hollow Metal Benefit Funds is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1984
- **Assets under management:** Less than $50M (Altss estimate)
- **Website:** hollowmetalfunds.org

## Regulatory record

- **Reports private funds:** No

## About

Hollow Metal Benefit Funds was established in 1984 as a welfare and pension benefit plan serving eligible members of Carpenters Local 2870 and Carpenters Local 3127 in New York City. It operates as a subordinate entity under the NYC District Council of Carpenters Welfare Fund, with Executive Director Denise Ortiz managing day-to-day operations and Joseph Geiger, Executive Secretary-Treasurer of the NYCDCC, serving as Trustee. The fund provides medical, dental, insurance, and related benefits to its covered union participants. The fund's investment strategy is notable for its breadth relative to its modest pool of capital. It pursues a multi-asset-class approach that includes private equity, venture capital across all stages from seed to late-stage expansion, natural resources, secondaries, and mezzanine debt. The portfolio includes direct real estate holdings, such as a commercial property at 214-38 Hillside Avenue in Jamaica, Queens, and a fund commitment to American Realty Advisors, a Los Angeles-based institutional real estate manager. Team information and total professional headcount are not publicly disclosed, and the fund maintains no LinkedIn presence. The organization's assets are divided between Hollow Metal Trust Fund and Hollow Metal Pension Fund vehicles, both administered out of New York. Through its affiliation with the United Brotherhood of Carpenters and Joiners of America, it participates in the broader ecosystem of regional carpenter union benefits. A related charitable entity, the NYC District Council of Carpenters Charity Fund, extends the organization's reach into philanthropic activity. Structurally, Hollow Metal Benefit Funds is a multi-employer Taft-Hartley welfare and pension plan, which distinguishes its governance from single-employer corporate pensions. Board-level oversight includes union and contributing-employer trustees, a model that can influence investment pacing and liquidity preferences. The fund's combination of direct venture exposure, a real asset allocation, and a small-asset-base constraint places it in a distinct niche among institutional benefit plans—a compact portfolio pursuing illiquid strategies typically reserved for far larger institutional pools.

## Sectors

- Real Estate
- Private Equity
- Venture Capital
- Natural Resources
- Secondaries & Special Situations

## People

- Denise Ortiz — Executive Director
- Joseph Geiger — Trustee, Executive Secretary-Treasurer of the NYCDCC

## Questions

### Who oversees investment decisions at Hollow Metal Benefit Funds?

Day-to-day executive management rests with Denise Ortiz as Executive Director. The fund operates under a board of trustees that includes union and contributing-employer representatives, a standard Taft-Hartley governance model. Joseph Geiger, Executive Secretary-Treasurer of the NYC District Council of Carpenters, is identified in public records as a trustee for the funds.

### What type of investment strategy does a sub-$50M pension plan pursue?

Despite its small asset base, Hollow Metal Benefit Funds spans venture capital across all stages (seed through late-stage expansion), private equity buyouts, mezzanine debt, natural resources, and secondaries. It holds direct commercial real estate in Queens and maintains a fund commitment to American Realty Advisors for institutional real estate exposure. This multi-strategy posture across illiquid asset classes is atypical for a plan of its size.

### Which union members does Hollow Metal Benefit Funds cover?

The fund provides medical, dental, insurance, and pension benefits to eligible members of Carpenters Local 2870 and Carpenters Local 3127. Both locals fall under the NYC District Council of Carpenters, which is itself affiliated with the United Brotherhood of Carpenters and Joiners of America.

## Related profiles

- [Grand View University](https://altss.com/profile/grand-view-university)
- [Shepherd University](https://altss.com/profile/shepherd-university)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/hollow-metal-benefit-funds

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