Updated:
North Central States Regional Council of Carpenters' Fringe Funds
The North Central States Regional Council of Carpenters established the fringe funds in 1963 as a noncontributory defined benefit plan. Wilson-McShane...
North Central States Regional Council of Carpenters' Fringe Funds
The North Central States Regional Council of Carpenters established the fringe funds in 1963 as a noncontributory defined benefit plan. Wilson-McShane Corporation has served as third-party administrator since inception. The plan is governed by a joint board with equal labor and management representation and operates from Eau Claire, Wisconsin. Asset allocation includes public equities and fixed income through vehicles such as Vanguard Total Stock Market INSTL and Baird Core Plus Bond INST. Private equity commitments represent 4.42 percent of assets. Real estate holdings total approximately 7.2 percent and include direct ownership in entities such as 1509 Jackson, LLC and Berrada Properties 78, LLC in the Milwaukee area. Additional exposure exists through Mondrian Emerging Markets Equity Fund. Geographic focus centers on the United States with limited global equity holdings. The fund reports 125 professionals and maintains relationships with custodians including Associated Bank and Northern Trust. Investment managers include BlackRock, Invesco Advisors, and Mondrian Investment Partners. A 2021 NBC News interview addressed transparency in private equity investments. No additional offices are disclosed. Governance rests with the Joint Board of Trustees of the North Central States Regional Council of Carpenters Pension Fund, which sets investment policy and selects external managers. The structure ties capital deployment directly to the labor organization's membership base rather than to external limited partners.
General information
Firm type
Pension Fund
Year founded
1963
Location
Region
North America
Country
United States
City
Eau Claire
Corporate office
P.O. Box 4002, Eau Claire, WI 54720, United States
Sector focus
Frequently asked questions
Who runs investment decisions at North Central States Regional Council of Carpenters' Fringe Funds?
The Joint Board of Trustees sets investment policy and selects external managers. No individual CIO or named investment lead is disclosed in available records.
Does the fund participate in fund commitments or only direct deals?
The fund holds both fund commitments, including Mondrian Emerging Markets Equity Fund, and direct real estate investments through LLCs such as 1509 Jackson, LLC.
What asset classes does the fund allocate to?
Allocations include public equities, fixed income mutual funds, private equity at 4.42 percent, and real estate at approximately 7.2 percent.
Where does the underlying capital originate?
Contributions come from employers under collective bargaining agreements with the North Central States Regional Council of Carpenters.
What is the fund's known posture on labor standards in investments?
The fund follows a Responsible Contractor Policy that prioritizes union labor, prevailing wages, and safety standards for real estate and infrastructure assets.
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: