# SEIU Local 1

SEIU Local 1 is a Pension Fund based in Chicago, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 1431 Opus Place, Downers Grove, IL, United States
- **Founded:** 1967
- **Assets under management:** 286 (Altss estimate)
- **Website:** www.seiu1.org
- **LinkedIn:** https://www.linkedin.com/company/seiu-local-1

## Regulatory record

- **Reports private funds:** No

## About

SEIU Local 1 Pension Trust Fund was established in 1967 to serve members of the Service Employees International Union Local No. 1. The plan operates from Downers Grove, Illinois, and functions as a multiemployer defined-benefit vehicle. The fund allocates across private equity, common and collective trusts, and direct real estate holdings. Confirmed assets include the Aon Center Headquarters lease and the Service Employees' Center Building. Geographic exposure centers on the Midwest with additional positions in national markets. Strategy tags include buyout, co-investment, distressed debt, and venture stages. The fund reported $286 million in assets. It maintains affiliations with the AFL-CIO and Chicago Federation of Labor. In May 2024 the organization attended the SEIU International Convention in Philadelphia. Governance ties to the parent union and related pension vehicles shape mandate and oversight.

## Sectors

- Diversified
- Energy & Utilities
- Healthcare
- Information Technology
- Manufacturing

## People

- Genie Kastrup — President

## Questions

### Who runs investment decisions at SEIU Local 1?

Genie Kastrup serves as president. The fund retains Marquette Associates as investment advisor and Calibre CPA Group as auditor.

### Does SEIU Local 1 participate in fund commitments or only direct deals?

The fund holds interests in common and collective trusts and maintains private equity allocations. Direct real estate ownership is also recorded.

### What asset classes does SEIU Local 1 target?

Allocations include private equity at 3.85 percent, common and collective trusts, and commercial real estate.

### Where does SEIU Local 1 maintain its headquarters?

The fund is based in Downers Grove, Illinois, with additional property holdings in Chicago.

### How is SEIU Local 1 related to other pension vehicles?

It maintains a business partner relationship with the SEIU National Industry Pension Fund.

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Last updated: 2026-07-08T21:10:44.154Z

Canonical page: https://altss.com/profile/seiu-local-1

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