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ULLICO
ULLICO is an SEC-registered investment adviser in Silver Spring, MD, since 1990. The firm manages approximately $13.9 billion in regulatory assets.
ULLICO
ULLICO is an SEC-registered investment adviser in Silver Spring, MD, since 1990. The firm manages approximately $13.9 billion in regulatory assets. It has 92 employees and 58 investment advisers.
General information
Firm type
Asset Manager
Year founded
1927
Location
Region
North America
Country
United States
City
Silver Spring
Corporate office
Silver Spring, MD, United States
Principals
Matthew Woll
Co-founder, President of the Photo Engravers Union
George Perkins
Co-founder, President of the Cigar Makers Union
Samuel Gompers
Supporter, President of the American Federation of Labor
Sector focus
Frequently asked questions
Who runs investment decisions at ULLICO?
ULLICO's investment decisions are overseen by its management team, but the firm does not publicly disclose a named CIO or investment committee chair. The board of directors includes union representatives and shareholder-union leaders (per firm website).
How does ULLICO source proprietary deal flow?
ULLICO sources deals through its union network. J for Jobs originates commercial mortgages directly, and the infrastructure fund participates in public-private projects. The firm relies on relationships with local tradesmen and union pension fund trustees (per firm history page).
Is ULLICO structured as a single family office or does it operate more like an asset manager?
ULLICO is an asset manager owned by union shareholders, not a family office. It is a regulated insurance company and investment manager serving union-sponsored benefit plans and public funds.
Does ULLICO participate in fund commitments or only direct deals?
ULLICO primarily makes direct investments through J for Jobs (commercial mortgages) and the Ullico Infrastructure Fund (infrastructure projects). It also offers insurance products directly to union entities.
What investment stages does ULLICO typically target?
ULLICO invests in stabilized commercial real estate debt and infrastructure projects at construction or development stage. J for Jobs focuses on permanent first mortgages, while the infrastructure fund targets large-scale construction projects.
Which sectors does ULLICO explicitly avoid?
ULLICO does not publicly disclose an explicit exclusion list, but its mandate restricts investments to projects that use union labor. This effectively excludes non-union commercial construction and sectors without union presence.
Where does the underlying wealth come from?
ULLICO's capital comes from insurance premiums paid by union members and investment contributions from union-sponsored pension and benefit plans. It is owned by labor unions and their members (per firm website).
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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