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Mid-America Carpenters Regional Council Pension Fund
The Mid-America Carpenters Regional Council Pension Fund was established in 1957 to manage retirement assets for carpenters in the Midwest. Kristina M.
Mid-America Carpenters Regional Council Pension Fund
The Mid-America Carpenters Regional Council Pension Fund was established in 1957 to manage retirement assets for carpenters in the Midwest. Kristina M. Guastaferri leads administration of the plan alongside related health and supplemental retirement vehicles. The fund allocates across private equity, venture capital and real estate. Confirmed commitments include Highland Capital Partners 10, Warburg Pincus Global Growth, Bernhard Capital Partners II, H.I.G. Middle Market LBO Fund III, Z Capital Partners III and Dune Real Estate Fund IV. Geographic exposure centers on the United States with additional global private equity mandates. Common and collective trusts represent approximately 39 percent of plan assets. The organization employs 126 staff and operates from its Chicago headquarters. It participates in the International Foundation of Employee Benefit Plans, where Guastaferri serves on the Executive Committee and Board of Directors. January 2025: The Will County Local 174 Carpenters Pension Trust Fund merged into the main pension fund. The fund operates under multi-employer Taft-Hartley rules that separate plan governance from any single sponsor. Investment authority rests with a board of trustees drawn from union and employer representatives.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
Chicago
Corporate office
12 East Erie Street, Chicago, IL 60611, United States
Principals
Kristina M. Guastaferri
Executive Director
Sector focus
Frequently asked questions
Who runs investment decisions at Mid-America Carpenters Regional Council Pension Fund?
A board of trustees drawn from union and employer representatives oversees investment policy. Kristina M. Guastaferri serves as Executive Director and handles day-to-day administration.
Does the fund participate in fund commitments or only direct deals?
The fund commits to external private equity, venture capital and real estate funds. Holdings include Highland Capital Partners 10, Warburg Pincus Global Growth and Dune Real Estate Fund IV.
What investment stages does the fund typically target?
Allocations span buyout, growth, early stage, distressed debt and secondaries through fund commitments. No direct deal program is disclosed.
How is the fund related to the Mid-America Carpenters Regional Council Millmen Pension Fund?
The Millmen Pension Fund merged into the main pension fund effective June 30, 2023.
Where does the underlying wealth come from?
Assets derive from employer and member contributions to a multi-employer Taft-Hartley pension plan covering union carpenters.
Does the fund maintain philanthropic structures, and how are they separated?
No separate philanthropic vehicles are disclosed. The organization focuses on administration of health and retirement benefits.
What is the fund's known posture on co-investments alongside external GPs?
No direct co-investment program is disclosed. Exposure occurs through limited partner commitments to third-party funds.
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