# Liquor and Allied Workers Local No. 3 Pension Fund

Liquor and Allied Workers Local No. 3 Pension Fund is a Pension Fund based in River Forest, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** River Forest, United States
- **Region:** North America
- **Address:** River Forest, IL, United States
- **Founded:** 1958
- **Assets under management:** $100M – $150M (Altss estimate)
- **Website:** www.local3.org

## Regulatory record

- **Reports private funds:** No

## About

Established in 1958 and headquartered in River Forest, Illinois, the Liquor and Allied Workers Local No. 3 Pension Fund serves as the retirement vehicle for the Salesmen Division of Local 3, a union affiliate of the United Food and Commercial Workers. As a multiemployer defined-benefit Taft-Hartley plan, governance is shared between union-appointed and contributing-employer trustees. The plan covers distillery industry workers across multiple states, providing pension, disability, and death benefits to participants. The fund pursues a diversified private-markets mandate unusual for a plan of its scale, with manager relationships spanning buyout, distressed debt, venture capital, secondaries, and mezzanine strategies. Its venture exposure reaches from seed and early-stage commitments to expansion and late-stage vehicles, giving the fund indirect participation in a broad innovation landscape. While specific fund commitments and portfolio company names are not public record, the strategy reflects a deliberate allocation to alternatives alongside traditional fixed-income and equity exposures. Total assets are not publicly disclosed by the fund, but an Altss estimate places the figure around $148 million. The plan operates from a single office in River Forest and is administered through union and employer channels rather than a dedicated investment staff. No associated philanthropic foundations or club memberships have been identified, and it does not maintain adjacent real-asset arms or operating subsidiaries under this structure. Structurally, the fund illustrates the Taft-Hartley model's rigidity and resilience — its board composition requires labor and management consensus on investment decisions, effectively governing strategy by negotiation. This design, while not built for rapid allocation shifts, creates a durable fiduciary framework that has persisted across six decades of market cycles.

## Sectors

- Buyout
- Distressed Debt
- Venture Capital
- Secondaries

## Questions

### What is the fund's investment strategy and asset allocation?

The fund pursues a diversified strategy that includes private-markets exposure across buyout, distressed debt, venture capital, secondaries, and mezzanine mandates. Its venture commitments span from seed and early-stage to expansion and late-stage funds. These private-market allocations sit alongside traditional public-market holdings in fixed income and equities, though the precise allocation weights are not publicly disclosed.

### Is the Liquor and Allied Workers Local No. 3 Pension Fund open to co-investments or direct deals?

There is no public record of the fund participating in direct co-investments alongside general partners. Given its size and governance structure, the plan relies almost entirely on fund commitments to access private markets. The board-trustee model and absence of a dedicated internal investment team make evaluating individual direct deals impractical under the plan's current operating framework.

### What is the relationship between Local No. 3, the UFCW, and this pension fund?

Liquor and Allied Workers Local No. 3 is an affiliated local union of the United Food and Commercial Workers International Union, which represents workers across retail, food processing, and distillery industries. The Salesmen Division Pension Fund is a separate legal entity jointly governed by Local 3 trustees and representatives of contributing distillery employers. It is not a direct UFCW plan; rather, it is one of many independently administered multiemployer funds connected to UFCW-affiliated locals throughout the United States.

### Does the fund make its holdings or manager roster publicly available?

The fund does not publish a list of investment managers or specific portfolio holdings on its public website. As an ERISA-governed plan, it files annual Form 5500 reports with the Department of Labor, which can provide limited transparency into asset categories, service providers, and aggregate financial data depending on the filing detail. These are accessible through public records databases rather than the fund's own website.

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

Canonical page: https://altss.com/profile/liquor-and-allied-workers-local-no-3-pension-fund-salesmen-division

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology