# Sheet Metal Workers Local Pension Plan

Sheet Metal Workers Local Pension Plan is a Pension Fund based in Massillon, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Massillon, United States
- **Region:** North America
- **Address:** Massillon, OH, United States
- **Founded:** 1961
- **Assets under management:** Undisclosed
- **Website:** https://smwlu33.org/districts/akron/

## Regulatory record

- **Reports private funds:** No

## About

The Sheet Metal Workers Local Pension Plan was established in 1888 as a defined benefit plan. It offers pension services to eligible employees in the biotech and life science sectors.

## Sectors

- Secondaries & Special Situations
- Real Estate

## Questions

### How is investment governance structured at the plan?

As a Taft-Hartley multiemployer plan, the Sheet Metal Workers Local Pension Plan is governed by a joint board of trustees composed of an equal number of union and contributing-employer representatives. All investment policy, manager selection, and asset allocation decisions require majority board approval. This dual-party oversight tends to favor cautious liability matching and limits exposure to single-manager concentration risk.

### What is the plan's approach to secondaries and special situations?

The plan maintains a secondary-heavy allocation across private-market commitments, accessing secondaries, buyout, and special-situations strategies through fund commitments rather than direct co-investments. Identified real-asset fund relationships include American Core Realty Fund and Metropolitan Real Estate Partners, along with a banking deposit program at Morgan Stanley. The portfolio tilts toward domestic exposure without a publicly disclosed international allocation.

### Does the plan co-invest directly alongside the funds it commits to?

There is no public evidence that the plan participates in direct co-investments or holds direct operating-company equity. The positions that have surfaced — such as the American Core Realty Fund stake and the Metropolitan Real Estate Partners commitment — are structured as limited-partner interests in commingled vehicles. This aligns with the conservative liquidity and governance profile of a small- to mid-sized Taft-Hartley plan.

## Related profiles

- [Sheet Metal Workers Local #36 Welfare Plan](https://altss.com/profile/sheet-metal-workers-local-36-welfare-plan)
- [Sheet Metal Workers Pension Fund of Local Union No. 19](https://altss.com/profile/sheet-metal-workers-pension-fund-of-local-union-no-19)

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

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