# Smart Local 265 Pension Fund

Smart Local 265 Pension Fund is a Pension Fund based in Downers Grove, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Downers Grove, United States
- **Region:** North America
- **Address:** 3110 Woodcreek Drive, Downers Grove, IL 60515 (relocating from Carol Stream per firm website, June 2025)
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** smart265funds.org
- **LinkedIn:** https://www.linkedin.com/company/smart-local-265

## Regulatory record

- **Reports private funds:** No

## About

The Smart Local 265 Pension Fund operates alongside other benefit plans under the SMART 265 Funds umbrella, serving members of the International Association of Sheet Metal, Air, Rail and Transportation Workers Local 265. The fund’s governance runs through the union’s leadership, with President Matt Gugala acting as the primary liaison for pension-related projects. While the exact founding year is not publicly disclosed, the fund’s identity is inseparable from the multi-decade history of the local, which provides retirement, welfare, and annuity benefits to a skilled trade workforce concentrated in the Chicago metropolitan area. The fund’s investment posture is notably concentrated in commercial real estate, held through SMART Woodcreek LLC, a special-purpose entity. Confirmed properties include the union’s own headquarters at 3110 Woodcreek Drive in Downers Grove, Illinois, and a prior headquarters building at 205 Alexandra Way in Carol Stream. No other asset classes—such as venture capital, private equity, or fixed income—appear in available disclosures. Scale metrics remain opaque. No AUM, total deployment, or staff headcount is published. The fund’s only visible network is the SMART Local 265 Retirees Club, a professional association for retired members, and its only structural affiliate is the parent union. Events listed on the website—union meetings at the new Downers Grove headquarters—reinforce the operational closeness between the pension fund’s administration and the union hall. June 2025 marked a significant operational event: the entire SMART Local 265 office relocated from Carol Stream to the 3110 Woodcreek Drive property, consolidating the fund’s real estate exposure into a single, owner-occupied asset. What distinguishes the Smart Local 265 Pension Fund structurally is its direct real estate holding via a captive LLC, a setup typically seen in larger, more sophisticated institutional investors.

## Sectors

- Real Estate

## People

- Matt Gugala — President of SMART Local 265 and representative for the pension fund projects

## Questions

### What assets does the pension fund invest in?

Confirmed investments are limited to direct commercial real estate in the Chicago suburbs. The fund holds properties through SMART Woodcreek LLC, including its headquarters at 3110 Woodcreek Drive in Downers Grove and a prior location in Carol Stream. No holdings in public equities, fixed income, or private funds have been publicly disclosed.

### Does the Smart Local 265 Pension Fund outsource investment management?

There is no public record of an outsourced chief investment officer, consultant, or external fund manager. The use of a captive LLC for real estate and the absence of any named advisory relationships point toward in-house asset management by union officers.

### What is SMART Woodcreek LLC?

SMART Woodcreek LLC is a special-purpose vehicle used by the pension fund to hold title to its commercial real estate assets. It enables direct property ownership and is associated with the fund’s headquarters in Downers Grove, Illinois, providing a legal separation layer between the real estate and the broader pension trust.

## Related profiles

- [Smart Innovation Norway](https://altss.com/profile/smart-innovation-norway)
- [Smart Money Group](https://altss.com/profile/smart-money-group)

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Last updated: 2026-08-11T02:43:31.692Z

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