# Local 338 Retirement Fund

Local 338 Retirement Fund is a Pension Fund based in Mineola, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Mineola, United States
- **Region:** North America
- **Address:** 1505 Kellum Place, Mineola, NY 11501-4811
- **Founded:** 1955
- **Assets under management:** 563 (Altss estimate)
- **Website:** local338.org

## Regulatory record

- **Reports private funds:** No

## About

Local 338 Retirement Fund was established in 1955 to serve union members through a multi-employer defined benefit structure. John R. Durso holds the role of President of Local 338 and Plan Administrator. The fund allocates across private equity, real estate, and private debt. Confirmed holdings include positions in VCFA Venture Partners VI, Abbott Capital Management funds, Bentham Syndicated Loan Fund, and TerraCap Management Fund. Geographic exposure centers on the United States with additional global allocations through fund commitments. The fund maintains $563 million in net assets. It shares headquarters and leadership with the Local 338 Health and Welfare Fund and Annuity Fund. November 2024: Spoke at the IFEBP Annual Employee Benefits Conference on compliance and fund administration.

## Sectors

- Diversified
- Infrastructure
- Energy & Utilities

## People

- John R. Durso — President and Plan Administrator

## Questions

### Who runs investment decisions at Local 338 Retirement Fund?

The board of trustees determines investment appropriateness in consultation with external advisers including CIFC Asset Management and LibreMax Capital.

### Does Local 338 Retirement Fund participate in fund commitments or only direct deals?

The fund acts as a limited partner in multiple vehicles including VCFA Venture Partners VI, Abbott Capital Management funds, and several real estate funds.

### How is Local 338 Retirement Fund related to Local 338 Charities Inc?

Local 338 Charities Inc operates as a separate nonprofit arm established in 2015 that provides scholarships and emergency assistance to members and dependents.

### What investment stages does Local 338 Retirement Fund target?

The fund commits to buyout, venture, distressed debt, secondaries, and mezzanine strategies through fund vehicles.

## Related profiles

- [Capricorn Society](https://altss.com/profile/capricorn-society)
- [RWDSU/UFCW Local #338](https://altss.com/profile/rwdsu-ufcw-local-338)

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

Canonical page: https://altss.com/profile/local-338-retirement-fund

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