# Upstate New York Engineers Benefit Funds

Upstate New York Engineers Benefit Funds is a Pension Fund based in Syracuse, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Syracuse, United States
- **Region:** North America
- **Assets under management:** Undisclosed
- **Website:** https://www.unyengineersbenefitfunds.com/pension

## Regulatory record

- **Reports private funds:** No

## About

Upstate New York Engineers functions as the benefit fund vehicle for participating locals of the International Union of Operating Engineers. Primary participating locals include IUOE Local 158 and IUOE Local 17. The plan structure reflects standard multiemployer governance with employer and union trustees. The fund has executed buyout investments and maintains positions in commercial real estate through Salina Street Realty Corp and 4325 S Salina Street Realty Corp. Past holdings include an exited position in IEA Energy Services and a prior allocation to Bernard L. Madoff Investment Securities LLC via Ivy Asset Management. Current public equity exposure includes Centuri Holdings and Apogee Enterprises. Geographic focus remains within the United States, concentrated in New York. Service providers include SEI Investments as investment consultant since 2016 and Slevin & Hart as general counsel since 2016. The fund received a Special Financial Assistance grant from the PBGC under the American Rescue Plan Act. Deborah M. Spaulding serves as current Fund Administrator. Governance ties the fund directly to IUOE locals and employer associations such as Union Concrete & Construction Corp and the Construction Employers Association of CNY.

## Sectors

- Real Estate
- Industrials
- Energy Infrastructure

## Questions

### Who runs investment decisions at Upstate New York Engineers?

Investment decisions involve the board of trustees with support from SEI Investments as consultant since 2016.

### Does Upstate New York Engineers participate in fund commitments or only direct deals?

The fund has used both direct holdings and allocations through advisors including Ivy Asset Management until 2008.

### What investment stages does Upstate New York Engineers typically target?

Activity centers on buyout strategies according to recorded positions.

### How is Upstate New York Engineers related to IUOE Local 158?

Local 158 is listed as a primary participating local and founder relationship in fund records.

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Last updated: 2026-07-08T21:14:18.484Z

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