Updated:
Massachusetts Bricklayers & Masons Pension Plan
The Massachusetts Bricklayers & Masons Pension Plan is a Taft-Hartley defined-benefit plan serving union bricklayers and masons across the Commonwealth.
Massachusetts Bricklayers & Masons Pension Plan
The Massachusetts Bricklayers & Masons Pension Plan is a Taft-Hartley defined-benefit plan serving union bricklayers and masons across the Commonwealth. Multi-employer plans like this one pool contributions from numerous small contractors, creating a collective asset base that the trustees have increasingly directed toward private markets. The fund's location in Boston places it within a dense institutional-allocation ecosystem where alternatives exposure is both accessible and culturally expected among peer plans. Public records and pension-fund disclosures identify a broad mandate spanning venture capital, buyout, distressed debt, mezzanine, and secondaries. The plan funds both direct commitments and fund-of-funds structures, with coverage from seed-stage venture through late-stage expansion. Sector exposure is generalist, and the fund has historically participated as a limited partner in funds managed by established Boston- and nationally based general partners. Geographic concentration is domestic, with the bulk of commitments flowing into US-focused vehicles. The plan operates without a dedicated standalone website, publicizing data primarily through Department of Labor Form 5500 filings and occasional trustee-meeting minutes. Recent Form 5500 submissions describe a steadily expanding alternatives allocation, a pattern consistent with national Taft-Hartley trends where private equity and venture commitments have grown to comprise 7–13% of portfolios. Specific manager names and commitment sizes vary by vintage and are reported in the plan's annual funding notices to participants. As a multi-employer plan with joint labor-management trusteeship, investment decisions are governed by a board evenly split between union and contractor representatives — a governance model that introduces distinctive pacing constraints and liquidity requirements. Few other institutional investors operate under an ERISA framework where every major allocation must balance a 50-50 trustee vote alongside the plan's statutory zone-liquidity obligations to retired members.
General information
Firm type
Pension Fund
Year founded
1959
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: