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Painting Industry Insurance Fund
The Painting Industry Insurance Fund was founded in 1965 to deliver retirement benefits to members of District Council 9 IUPAT. Joseph Azzopardi, business...
Painting Industry Insurance Fund
The Painting Industry Insurance Fund was founded in 1965 to deliver retirement benefits to members of District Council 9 IUPAT. Joseph Azzopardi, business manager of the council, and John Drew, its president, both serve as trustees. The fund allocates across private equity and real estate. Confirmed holdings include the Painting Industry Fund Building at 45 West 14th Street and the District Council 9 Realty Corp property in Long Island City. It also maintains positions in listed vehicles such as Empire State Realty Trust and holds a stake in Axonic Credit Opportunities Fund. All investments occur within the United States. The fund reports 804 million dollars in annuity assets. It occupies headquarters in New York and maintains ties to the Finishing Trades Institute of New York. No operational events from the past 24 months appear in available records. Governance rests with union-appointed trustees who operate under fiduciary standards set by the Taft-Hartley Act.
General information
Firm type
Pension Fund
Year founded
1965
Location
Region
North America
Country
United States
City
New York
Corporate office
45 West 14th Street, New York, NY 10011, United States
Principals
Joseph Azzopardi
Trustee
John Drew
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Painting Industry Insurance Fund?
Trustees Joseph Azzopardi and John Drew oversee the fund. They are officers of District Council 9 IUPAT.
Where does the underlying wealth come from?
Contributions come from employers under collective bargaining agreements covering District Council 9 members.
Does the fund participate in fund commitments or only direct deals?
Available records show both direct real estate ownership and positions in private funds and interval vehicles.
What asset classes receive allocations?
Private equity and real estate appear in allocation data. Public equity and debt positions are also disclosed in filings.
How is the fund related to District Council 9?
District Council 9 IUPAT is the sponsoring labor organization whose members receive benefits from the plan.
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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