# Painting Industry Insurance Fund

Painting Industry Insurance Fund is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 45 West 14th Street, New York, NY 10011, United States
- **Founded:** 1965
- **Assets under management:** 804 (Altss estimate)
- **Website:** www.districtcouncil9.net
- **LinkedIn:** https://www.linkedin.com/company/painting-industry-insurance-fund

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Private Equity

## People

- Joseph Azzopardi — Trustee
- John Drew — Trustee

## 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.

### 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.

## Related profiles

- [VSM Sammelstiftung für Medizinalpersonen](https://altss.com/profile/vsm-sammelstiftung-f-r-medizinalpersonen)
- [St. Olaf College](https://altss.com/profile/st-olaf-college)

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

Canonical page: https://altss.com/profile/painting-industry-insurance-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology