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New York District Council of Carpenters Pension Plan
The New York City District Council of Carpenters Pension Plan was established in 1950 as a defined-benefit retirement fund for working and retired union...
New York District Council of Carpenters Pension Plan
The New York City District Council of Carpenters Pension Plan was established in 1950 as a defined-benefit retirement fund for working and retired union carpenters across New York City. The plan is administered by the New York City District Council of Carpenters Benefit Funds, which also oversees sister funds including the Welfare Fund, the Annuity Fund, and the Hollow Metal Pension Fund under reciprocal vesting agreements. The plan's investment strategy spans direct real estate exposure, private credit, and fixed income. Known allocations include a commitment to the Oaktree Real Estate Debt Fund II and a diversified Core Real Estate Portfolio with holdings in mixed-use assets across the Asia-Pacific region. The portfolio also holds US Government Securities and Common/Collective Trust Funds, reflecting a multi-asset approach designed to deliver stable, long-term returns for participants. Team and operational details remain opaque. The plan operates from a single headquarters in New York and does not publicly disclose its total assets under management, deployment pace, or the size of its investment staff. It has not reported any leadership changes or new fund commitments in the last 24 months, maintaining a low public profile typical of a union-administered trust. The fund's structural differentiator is its embedded position within a dense ecosystem of collectively bargained benefit funds. Its capital is deployed not as a standalone institutional investor but alongside sister annuity and welfare vehicles, sharing governance and administrative backbones. This architecture ties the plan's long-term posture to the construction-cycle economics and union membership trends of New York City rather than to a single-family or endowment-style perpetual pool.
General information
Firm type
Pension Fund
Year founded
1950
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at the New York District Council of Carpenters Pension Plan?
The plan does not publicly name its chief investment officer, investment committee members, or any external investment consultant. Governance flows through the New York City District Council of Carpenters Benefit Funds, a board-administered trust structure that oversees the pension fund alongside several sister benefit plans. Without disclosed leadership, allocators must infer that investment authority rests with the fund's trustees and any unnamed internal or outsourced investment staff.
How is this pension fund connected to other NYCDCC benefit vehicles?
The Pension Plan is one of several funds administered by the New York City District Council of Carpenters Benefit Funds. Its sibling entities include the NYCDCC Welfare Fund, which provides health and other welfare benefits, and the NYCDCC Annuity Fund, a defined-contribution vehicle. The Hollow Metal Pension Fund also maintains reciprocal vesting agreements with the plan, allowing members who move between certain employers to preserve credited service.
What is the fund's known investment posture on real estate?
Real estate is a named allocation, with disclosed participation in the Oaktree Real Estate Debt Fund II, a vehicle focused on commercial real estate lending. The plan also holds a Core Real Estate Portfolio with mixed-use exposure across the Asia-Pacific region, suggesting an appetite for both debt and equity strategies internationally alongside its domestic fixed-income holdings.
Does the New York District Council of Carpenters Pension Plan disclose its AUM?
No. The plan does not publish a total asset figure on its website, in benefit fund reports, or through any publicly accessible regulatory filing that would make its AUM retrievable in standard document searches. Without a disclosed number, its scale remains part of the broader, undifferentiated pool of union multi-employer plans.
What is the underlying source of contributions to the fund?
Contributions come from signatory employers under collective bargaining agreements with the New York City District Council of Carpenters. These employers pay into the fund based on negotiated rates per hour worked by union carpenters, making contribution flows directly tied to construction activity and union employment levels in the New York metropolitan area.
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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