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United Food & Commercial Workers Local #1262
UFCW Local 1262 pension fund, led by Harvey Whille, deploys member capital exclusively in secondaries from Clifton, NJ.
United Food & Commercial Workers Local #1262
The United Food & Commercial Workers Local #1262 pension fund was established through collective bargaining agreements between the union and major New Jersey grocery employers including Wakefern Food Corp (ShopRite), Stop & Shop, and Acme Markets. Harvey Whille serves as President and Union Trustee Chairman, with John Colella Jr functioning as Secretary-Treasurer. The fund concentrates its capital deployment almost exclusively within secondaries — it targets GP-led continuation funds, LP stake purchases, and tail-end fund stakes across private equity and private credit vehicles. This narrow strategy reflects a trustee board that prioritizes liquidity and duration-matching over direct investment oversight. The fund does not make primary fund commitments or direct equity investments, per public filings. Assets are managed by the UFCW Local 1262 and Employers Health & Welfare Fund, administered from its Clifton, New Jersey headquarters. The fund maintains affiliations with the UFCW International union and the New Jersey State AFL-CIO. No recent changes to leadership or investment strategy have been publicly reported in the last 24 months. The fund's structural distinctiveness lies in its singular focus on secondaries as a mechanism for managing a closed-end pension portfolio — a rarity among union Taft-Hartley plans. The trustees avoid direct deal evaluation by outsourcing due diligence to secondary market intermediaries, effectively operating as a passive allocator within that niche.
General information
Firm type
Pension Fund
Year founded
—
AUM
$100M–$1B (Altss estimate)
Location
Region
North America
Country
United States
City
Clifton
Corporate office
Clifton, NJ, United States
Principals
Harvey Whille
President and Union Trustee Chairman
John Colella Jr
Secretary-Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at UFCW Local 1262 pension fund?
Harvey Whille, President and Union Trustee Chairman, oversees the fund alongside John Colella Jr, Secretary-Treasurer. The union trustees set investment policy and approve secondary transactions, drawing on external advisors for deal sourcing and due diligence.
How does the fund source proprietary deal flow?
The fund does not source deals directly. It relies on secondary market intermediaries and GP-led processes, selecting from continuation funds and LP stake sales offered to institutional investors in the Taft-Hartley space. There is no in-house origination team.
Is UFCW Local 1262 pension fund structured as a single-family office or a venture firm?
Neither. It is a Taft-Hartley multi-employer pension fund governed by a joint labor-management board. Trustees include union representatives and employer trustees from Wakefern Food Corp and Stop & Shop.
Does the fund participate in fund commitments or only direct deals?
The fund exclusively participates in secondary market transactions. It has not disclosed primary fund commitments or direct equity investments. This allocation choice is driven by liquidity preferences and trustee capacity constraints.
What investment stages does the fund typically target?
The fund targets tail-end private equity and private credit funds through GP-led continuation vehicles and secondary LP interests. There is no disclosed preference for venture or growth-stage assets, consistent with its risk-averse mandate.
Which sectors does the fund explicitly avoid?
The fund does not publicly disclose a sector avoidance list. However, its exclusive focus on secondaries implicitly avoids direct operational exposure to any single sector, including the grocery industry that funds its contributions.
Where does the underlying wealth come from?
The fund is capitalized by employer contributions under collective bargaining agreements with Wakefern Food Corp (ShopRite), Stop & Shop, and Acme Markets, plus member payroll deductions. All contributions come from unionized grocery workers in New Jersey.
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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