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Plumbers & Steamfitters, Local #7
Plumbers & Steamfitters, Local #7 was established to represent plumbing and steamfitting workers in the Capital District region. Edward Nadeau holds the role...
Plumbers & Steamfitters, Local #7
Plumbers & Steamfitters, Local #7 was established to represent plumbing and steamfitting workers in the Capital District region. Edward Nadeau holds the role of Business Manager. The fund maintains ties to the United Association as its parent body. The pension allocates across buyout strategies. It holds positions through standard private equity channels. Geographic focus centers on North America with activity tied to regional construction markets in New York. Confirmed relationships include the Eastern Contractors Association and the Capital District Building and Construction Trades Council. The organization lists 224 million dollars under management on an internal estimate basis. It operates from Latham with supporting facilities that include a union hall at 18 Avis Drive and a training center at 16 Corporate Circle in Albany. The Plumbers & Steamfitters Local 7 Apprentice Training Fund serves as the adjacent philanthropic vehicle. Governance flows through elected officers including President Marc Cesta and Business Agent Frank Natalie. This structure keeps investment decisions inside the union leadership rather than through an external CIO mandate.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Latham
Corporate office
Latham, NY, United States
Principals
Edward Nadeau
Business Manager
Frank Natalie
Business Agent
Marc Cesta
President
Frequently asked questions
Who runs investment decisions at Plumbers & Steamfitters, Local #7?
Edward Nadeau as Business Manager holds primary oversight. Marc Cesta serves as President and Frank Natalie as Business Agent. Decisions remain inside elected union leadership.
How is Plumbers & Steamfitters, Local #7 related to the United Association?
The United Association functions as the parent international union organization. Local #7 operates as a regional affiliate under that structure.
Does Plumbers & Steamfitters, Local #7 participate in fund commitments or only direct deals?
The pension deploys through buyout strategies. No public detail distinguishes between fund commitments and direct co-investments.
Where does the underlying wealth come from?
Assets derive from union member contributions to the defined benefit pension plan.
Does Plumbers & Steamfitters, Local #7 maintain philanthropic structures?
The Plumbers & Steamfitters Local 7 Apprentice Training Fund operates as the adjacent vehicle for training programs.
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