# New York Shipping Association-International Longshoremen's Association (NYSA-ILA)

New York Shipping Association-International Longshoremen's Association (NYSA-ILA) is a Pension Fund based in Jersey City, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Jersey City, United States
- **Region:** North America
- **Address:** Jersey City, NJ, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The NYSA-ILA Employee Benefit Funds were established through collective bargaining between the New York Shipping Association and the International Longshoremen's Association, combining management and labor trustees to administer pensions, welfare, vacation/holiday, and medical benefits for longshore workers. The funds operate under the Taft-Hartley Act, a legal framework that requires equal governance representation from both sides. The investment strategy concentrates on buyout funds, private credit placements, and real estate held via direct property and fund commitments. The portfolio includes office and medical properties in northern New Jersey and New York, with the NYSA-ILA Medical Center of Newark at 131 Clifford Street serving as a vertically integrated asset. The funds have deployed capital across private equity buyout vehicles, though specific deal-level disclosures are not public. The funds manage multiple benefit pools — Retirement Trust, Welfare Fund, and Vacation and Holiday Fund — each housed at 10 Exchange Place in Jersey City. Day-to-day administration is handled internally, with asset allocation and manager selection directed by the joint trustees. No AUM, total deployment, or team headcount has been disclosed. The funds own medical and clinical assets that directly serve plan participants, a model distinct among Taft-Hartley plans. A key structural differentiator is the joint trust governance: equal labor and management representation ensures alignment between the ILA membership and terminal operators. This architecture limits single-party discretion and embeds labor stability into long-term capital deployment decisions, creating a governance tension uncommon in corporate or public pension funds.

## Sectors

- Infrastructure
- Real Estate
- Private Credit

## People

- Harold J. Daggett — Labor Trustee of the NYSA-ILA funds
- John Nardi — Management Trustee of the NYSA-ILA funds

## Questions

### Who makes investment decisions at NYSA-ILA?

Investment decisions are made by a joint board of trustees representing labor (ILA) and management (SANYNJ). Key trustees include Harold J. Daggett (ILA President) and John Nardi (SANYNJ President). The structure is mandated by the Taft-Hartley Act, requiring equal representation from both parties.

### How does NYSA-ILA source proprietary deal flow?

The funds primarily invest through external fund commitments — buyout funds and private credit vehicles — rather than sourcing direct deals. The joint trust structure encourages placement agents and GPs to pitch the board collectively. Direct real estate is sourced through properties serving plan participants, such as the medical center.

### Does NYSA-ILA participate in fund commitments or only direct investments?

The funds primarily commit to external buyout funds and private credit vehicles, based on the strategy tags. They also hold direct real estate assets, including medical office properties and clinic infrastructure. Co-investment activity is not publicly documented.

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

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