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Massachusetts Bricklayers & Masons Pension Plan
The Massachusetts Bricklayers & Masons Pension Plan was established as a Taft-Hartley multi-employer defined benefit plan, serving union bricklayers and...
Massachusetts Bricklayers & Masons Pension Plan
The Massachusetts Bricklayers & Masons Pension Plan was established as a Taft-Hartley multi-employer defined benefit plan, serving union bricklayers and masons in Massachusetts. Its origins trace to collective bargaining agreements between the union and contributing employers. The plan is governed by a board of trustees with equal representation from labor and management, a structure typical of jointly administered union pension funds. The plan's investment strategy spans multiple private-market asset classes, including venture capital (general, early-stage, seed, and startup), buyout, distressed debt, mezzanine, secondaries, special situations, and fund of funds. This multi-strategy approach — documented by its investment allocation to both early-stage venture and distressed debt — reflects a portfolio built for diversification across risk and return profiles. The geographic focus is primarily US-based, consistent with the domestic liability base of Massachusetts union members. No publicly available data discloses total assets under management, the number of plan participants, or the professional staff size. The plan maintains its headquarters in Boston but no additional office locations are known. No recent activity — such as a new investment mandate, consultant hire, or benefit structure change — can be verified from public sources for the last 24 months. The plan's structural differentiator is its Taft-Hartley governance: a jointly-trusteed board balancing labor and employer interests, a model that typically imposes distinct risk tolerance and liquidity constraints compared to single-employer or public pension funds. This governance framework shapes its willingness to hold illiquid alternatives through market cycles.
General information
Firm type
Defined Benefit Pension Plan
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Sector focus
Frequently asked questions
Who manages the investment decisions for the Massachusetts Bricklayers & Masons Pension Plan?
The plan is governed by a board of trustees with equal representation from labor (union) and management (employer) appointees, typical of Taft-Hartley multi-employer plans. No named individual investment officers or external managers have been disclosed in public records. Day-to-day portfolio management may be delegated to an external investment consultant or outsourced CIO, but no such arrangement is confirmed from available sources.
What asset classes does the Massachusetts Bricklayers & Masons Pension Plan invest in?
The plan declares an unusually broad alternative-asset strategy, including venture capital (across general, early-stage, seed, and startup), buyout, distressed debt, mezzanine, secondaries, special situations, and fund of funds. This suggests a portfolio that spans the full private-market risk spectrum, from early-stage venture to distressed credit. No public equities or fixed-income allocation has been specified.
How does the Massachusetts Bricklayers & Masons Pension Plan source its deal flow?
The plan likely accesses alternative investments primarily through fund-of-funds, commingled fund vehicles, and co-investments with established private-market fund managers. Its disclosed strategy includes fund-of-funds, secondaries, and special situations — vehicles that typically rely on external GP relationships. No proprietary direct-investment function has been identified.
Does the Massachusetts Bricklayers & Masons Pension Plan invest in both fund commitments and direct deals?
Based on disclosed strategy tags, the plan appears to invest primarily through fund commitments — including fund-of-funds, venture capital funds, buyout funds, and secondaries. Active direct co-investments or sole direct deals are not evident from public records. Its multi-employer pension structure typically favors diversified fund allocation over direct operational control.
What is the geographic focus of the Massachusetts Bricklayers & Masons Pension Plan?
The plan's investment strategy is primarily US-focused, aligning with its domestic participant base of Massachusetts union members. While not explicitly documented, the venture capital and buyout strategies it employs are predominantly executed within the US market. No international allocation data has been disclosed.
How is the Massachusetts Bricklayers & Masons Pension Plan regulated?
As a Taft-Hartley multi-employer defined benefit plan, it is regulated under the Employee Retirement Income Security Act (ERISA) and falls under the jurisdiction of the US Department of Labor and the Pension Benefit Guaranty Corporation (PBGC). The plan must meet funding, reporting, and fiduciary standards set by ERISA. Its joint labor-management board structure is mandated by federal law.
Does the Massachusetts Bricklayers & Masons Pension Plan have a separate philanthropic arm?
No. Sector tags and public records indicate only its core pension function. Multi-employer plans of this type do not typically maintain separate charitable foundations; the plan's sole purpose is to provide retirement benefits to covered workers and their beneficiaries.
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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