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Teamsters Local 945
Teamsters Local 945 operates the pension fund for its members from a building it owns at 585 Hamburg Turnpike in Wayne, New Jersey. The fund is a...
Teamsters Local 945
Teamsters Local 945 operates the pension fund for its members from a building it owns at 585 Hamburg Turnpike in Wayne, New Jersey. The fund is a defined-benefit plan affiliated with the International Brotherhood of Teamsters, the 1.3-million-member labor union. Paxton Ryan serves as both Plan Administrator and Principal Officer for the pension fund and its related building corporation, according to public filings. The fund's investment strategy is overwhelmingly concentrated in secondaries transactions — an unusual level of specialization for a union pension plan of this size. Most Taft-Hartley plans spread commitments across real estate, private credit, and traditional private equity fund investments. Local 945's allocation pattern instead suggests a deliberate liquidity-provision or portfolio-purchase posture, though specific transaction sizes and counterparties are not publicly disclosed. The fund maintains a direct business relationship with Republic Services, Inc., a waste-disposal and environmental-services company, through credit and investment agreements. Teamsters Local 945 operates from a single office building in Wayne, which the pension fund owns through its building corporation. No satellite offices or external investment consultants are publicly identified. The fund does not disclose its total assets or annual deployment figures. It participates in the broader International Brotherhood of Teamsters network but is not known to maintain independent philanthropic vehicles, though the organization is associated with the Teamsters Local 25 Autism Fund. The fund's structural differentiator is its concentration risk: rather than building a broad alternatives portfolio, Local 945 has chosen to allocate nearly its entire investment program to secondaries. For an institutional allocator evaluating co-investment or partnership opportunities, this suggests a fund willing to act as a liquidity provider to other limited partners seeking early exits — a posture more commonly associated with dedicated secondaries funds than with union pension plans.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wayne
Corporate office
585 Hamburg Turnpike, Wayne, NJ 07470, United States
Principals
Paxton Ryan
Plan Administrator and Principal Officer
Sector focus
Frequently asked questions
Who oversees investment decisions at the Teamsters Local 945 Pension Fund?
Paxton Ryan is the Plan Administrator and Principal Officer for the pension fund and its associated building corporation, based on public filings. The fund has not publicly identified a dedicated chief investment officer, external investment consultant, or board investment committee. Day-to-day investment decisions likely route through Ryan's office, though fiduciary oversight is standard for ERISA-governed union plans.
Why is the fund so concentrated in secondaries?
The rationale is not publicly documented. Secondaries concentration can serve several purposes for a plan of this size — it may reflect a deliberate strategy to acquire seasoned private equity interests at discounts, provide liquidity to other LPs, or smooth vintage-year exposure. Without disclosed deployment figures or transaction records, the strategic intent remains an operational inference from the fund's stated allocation pattern.
Does the Teamsters Local 945 Pension Fund invest directly or through fund commitments?
The fund's secondaries focus suggests it participates primarily by acquiring existing limited-partner interests from other investors rather than making primary commitments to new funds. Whether it also engages in GP-led secondaries transactions or direct co-investments alongside general partners is not publicly known. The relationship with Republic Services indicates some direct credit or investment agreements outside the secondaries program.
What is the fund's relationship with Republic Services?
Republic Services, Inc., a publicly traded waste-management company, is identified as a counterparty to credit and investment agreements with the Teamsters Local 945 Pension Fund. The terms, sizes, and durations of those agreements are not publicly disclosed. Republic Services is a significant employer of Teamsters-represented workers, which may explain the direct financial relationship.
How is Local 945's fund governed relative to the International Brotherhood of Teamsters?
Local 945 is an affiliated local of the International Brotherhood of Teamsters but operates its pension fund independently. The IBT provides the union charter and bargaining framework; the pension fund is a separate legal entity governed by ERISA and administered locally by Paxton Ryan from the Wayne office. The IBT's central pension fund and other locals' plans are distinct pools of capital with separate trustees and investment programs.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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