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Pipe Trades District Council No 36 Pension Trust
The trust operates as a Taft-Hartley defined-benefit plan, jointly governed by labor and management trustees under the Employee Retirement Income Security Act...
Pipe Trades District Council No 36 Pension Trust
The trust operates as a Taft-Hartley defined-benefit plan, jointly governed by labor and management trustees under the Employee Retirement Income Security Act of 1974. It draws contributions from employers signatory to collective bargaining agreements with Pipe Trades District Council No. 36. The trust's sister vehicle, the Pipe Trades District Council No. 36 Health and Welfare Trust Fund, covers the same participant base for medical benefits, creating a coordinated benefits structure for active and retired members. The portfolio blends direct real estate equity with fund commitments. Known holdings span a core commercial real estate portfolio and a dedicated healthcare real estate strategy, both focused on North American assets. A credit sleeve includes an allocation to the Grosvenor Opportunistic Multi-Credit Fund, signaling appetite for dislocation-driven and special-situation lending alongside conventional fixed income. The geographic center of gravity is the western United States, where the sponsoring union's membership is concentrated. The trust maintains a profile within the PERE Network, the private real estate industry's primary institutional-investor gathering, indicating active engagement with real estate fund managers and co-investment sponsors. Unlike larger public plans, the trust does not publicly disclose detailed board meeting minutes, investment committee agendas, or asset-allocation studies, leaving the precise size of its portfolio visible only to its consultants, custodians, and participating employers. Structurally, the trust sits inside a closed, jointly trusteed governance model that limits external transparency. Investment decisions are made by a board evenly split between union and contractor representatives, a design that keeps fiduciary accountability local but strands the trust below the disclosure thresholds that trigger routine public reporting. This governance shape is the trust's defining operational feature, distinguishing it from both public pension funds and single-family offices.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Alameda
Corporate office
Alameda, CA, United States
Sector focus
Frequently asked questions
Who governs the Pipe Trades District Council No 36 Pension Trust?
The trust is jointly trusteed, governed by a board split between union representatives from Pipe Trades District Council No. 36 and representatives of contributing employers. This is the standard Taft-Hartley architecture required under ERISA for collectively bargained multi-employer plans. Specific board members are not publicly listed.
What asset classes does the trust invest in?
Known allocations include direct commercial real estate, a dedicated healthcare real estate portfolio, and opportunistic multi-credit strategies. Public records also indicate the trust is profiled within the PERE Network, suggesting ongoing engagement with private real estate funds and direct property investments. The precise asset-allocation policy is not publicly disclosed.
How is this trust related to the Pipe Trades District Council No 36 Health and Welfare Trust Fund?
Both trusts serve the same participant base of union pipe trades workers and are sponsored by Pipe Trades District Council No. 36. The pension trust provides retirement income, while the health and welfare trust provides medical and ancillary benefits. They are legally separate entities with distinct boards and investment portfolios, though they often share administrative infrastructure.
Does the trust invest alongside external managers or exclusively through funds?
The trust's real estate holdings include direct commercial real estate portfolios, which may involve direct ownership or separately managed accounts, alongside fund commitments such as the Grosvenor Opportunistic Multi-Credit Fund. Whether the trust participates in direct co-investments alongside GPs is not publicly disclosed.
Where does the funding for the trust come from?
Funding comes from employer contributions negotiated under collective bargaining agreements between the Pipe Trades District Council No. 36 and signatory contractors. Contribution rates are set in each bargaining cycle and are paid into the trust based on the hours worked by covered employees. The trust itself does not receive taxpayer funding.
Does the trust disclose its total portfolio size?
No. The trust does not publish total assets or annual deployment figures. As a Taft-Hartley plan with fewer than 100 participants, it would file Form 5500 annually with the Department of Labor, but those filings are not routinely aggregated in a format that feeds institutional databases. The trust has not voluntarily published an AUM number.
What is the trust's posture on ESG or impact investing?
There is no public evidence of a formal ESG or impact-investing policy. The trust's real estate focus, especially the healthcare real estate allocation, suggests a preference for income-generating, tangible assets, but no separate mandate around environmental or social criteria has been disclosed in available records.
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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