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Saginaw Plumbers & Pipefitters U.A. Local #85
The Saginaw Plumbers & Pipefitters U.A. Local #85 pension fund serves union plumbers and pipefitters based in Saginaw, Michigan.
Saginaw Plumbers & Pipefitters U.A. Local #85
The Saginaw Plumbers & Pipefitters U.A. Local #85 pension fund serves union plumbers and pipefitters based in Saginaw, Michigan. It is a defined-benefit plan covering members of the United Association of Plumbers and Pipefitters Local 85. The fund's investment operations are part of the Taft-Hartley multi-employer pension system. The fund's strategy focuses on private equity investments, with a strong emphasis on secondaries. This approach allows the fund to access liquidity and diversify its private-market exposure. The fund likely targets other asset classes as part of a broader allocation, but public documentation is limited. The plan's assets are administered by a board of trustees representing both union and employer interests. No team size or additional offices are disclosed. The fund is headquartered in Saginaw, Michigan, serving Local 85's membership base. A structural differentiator of this fund is its status as a Taft-Hartley multi-employer plan, which collective-bargaining agreements govern. This structure mandates joint labor-management trusteeship and fiduciary oversight under ERISA.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Saginaw
Corporate office
Saginaw, MI, United States
Sector focus
Frequently asked questions
Who manages investment decisions at the Saginaw Plumbers & Pipefitters U.A. Local #85 pension fund?
A board of trustees representing both the union and participating employers oversees the fund. The board delegates day-to-day investment management to external asset managers. Trustee names are not publicly disclosed (public record).
What is the fund's investment strategy?
The fund allocates to private equity, with a stated focus on secondaries. This suggests a strategy aimed at portfolio liquidity and diversification. Broader asset-class holdings are not confirmed (public record).
Does the fund invest in direct deals or through funds?
The fund's strategy description emphasizes secondaries, a category typically accessed via fund investments rather than direct deals. Direct co-investment exposure is possible but not documented (public record).
What is the fund's relationship with the union?
Local 85 represents plumbers and pipefitters in the Saginaw area. The pension fund is a multi-employer Taft-Hartley plan jointly administered by union and employer trustees (per the United Association).
How large is the fund?
The fund's AUM is not publicly disclosed. It likely reflects the membership base of Local 85, a regional union in Michigan. No third-party estimate is available (public record).
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