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Laundry, Dry Cleaning Workers & Allied Industries Retirement Fund
A Taft-Hartley pension fund for laundry and dry-cleaning workers, managing over $100M across buyouts, venture, distressed debt and real estate.
Laundry, Dry Cleaning Workers & Allied Industries Retirement Fund
The fund provides retirement benefits to workers in the laundry and dry-cleaning industries under a Taft-Hartley multi-employer structure affiliated with Workers United, the SEIU-affiliate union that represents the participants. Its filing history indicates a certification of funded status in 2009, based on plan-year data through late 2008 that showed roughly $104 million in assets alongside a participant base exceeding 12,000. Allocation spans a notably broad mandate for a mid-sized pension fund. Strategy lists from the fund's investment-policy footprint include buyout, venture — covering seed to expansion stages — distressed debt, mezzanine, secondaries, special situations, turnaround situations and fund-of-funds commitments. A confirmed asset is the commercial property at 333 Westchester Avenue in White Plains, the same address as the fund's headquarters. Co-investment and multi-manager co-investment are tagged in its strategy set, signalling a hybrid direct-and-commingled approach across North America. The fund operates without a standalone website; it is administered through the union's national organization, Workers United. No separate team-size figure or named investment-committee principals appear in available public records. The union itself remains politically active, endorsing New Jersey gubernatorial candidate Mikie Sherrill in the current cycle, though that activity is separate from the fund's fiduciary operations. Its structural differentiator is the fund's mandate breadth relative to scale — a plan holding just over $100 million runs exposures typically seen at multi-billion-dollar public systems: direct co-investments, distressed debt and venture from seed through late stage. That posture makes the fund a concentrated, generalist LP capable of writing smaller commitments across the full private-markets stack, a flexibility uncommon among Taft-Hartley plans of similar size.
General information
Firm type
Pension Fund
Year founded
—
AUM
100-250M (Altss estimate)
Location
Region
North America
Country
United States
City
White Plains
Corporate office
333 Westchester Avenue, White Plains, NY 10604-2910, United States
Sector focus
Frequently asked questions
What is the fund's governance structure and who runs investment decisions?
The fund operates as a Taft-Hartley multi-employer plan jointly sponsored by Workers United and participating employers. Investment decisions are typically overseen by a board of trustees split evenly between union and employer representatives, though the names of current trustees or any investment consultants are not disclosed in available public filings or the union website.
How does the fund source its investment opportunities?
Strategy tags suggest the fund uses a multi-manager and co-investment approach, indicating it likely works through external managers and general-partner relationships rather than maintaining a large in-house sourcing team. The broad mandate — covering seed venture through distressed debt — means the fund evaluates opportunities across disparate networks, from early-stage venture platforms to turnaround advisory firms.
Does the fund invest directly or only through commingled vehicles?
Both. The fund lists co-investment and multi-manager co-investment as active strategies, meaning it participates in direct deals alongside GP-led rounds. It also allocates via fund-of-funds and likely makes primary limited-partner commitments to buyout, venture and distressed funds.
Which sectors does the fund explicitly avoid?
No public investment-policy statement or exclusion list is available. The fund's disclosed strategy tags do not indicate any negative screens related to sectors, geographies or ESG criteria, though Taft-Hartley plans sometimes impose union-centric standards on manager selection and labor practices.
How is the fund related to Workers United and SEIU?
The fund is exclusively tied to Workers United, which in turn is an affiliate of the Service Employees International Union. Workers United provides the collective-bargaining framework that generates employer contributions to the fund, but the retirement plan is a separate legal trust governed by ERISA and joint trusteeship.
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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