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West Michigan Plumbers Fitters & Service Trades Local #174 Pension Plan
The West Michigan Plumbers Fitters & Service Trades Local #174 Pension Plan is a union-defined benefit pension fund based in Coopersville, Michigan,...
West Michigan Plumbers Fitters & Service Trades Local #174 Pension Plan
The West Michigan Plumbers Fitters & Service Trades Local #174 Pension Plan is a union-defined benefit pension fund based in Coopersville, Michigan, established to serve members of the local 174 trade union. Its investment strategy, centered on secondaries, suggests a focus on acquiring existing limited partner stakes in private equity or alternative asset funds, a method used by smaller institutional investors to gain liquidity or diversify exposure. The plan's secondaries focus implies it either purchases or sells fund interests on the secondary market, potentially interacting with larger private equity firms or other institutional LPs. As a union pension fund, its primary objective is to meet long-term benefit obligations to its members, requiring a balance of income generation and capital preservation. The fund likely operates with a multi-asset portfolio that includes private market allocations alongside traditional public securities. No recent operational events, team size, or additional offices are publicly disclosed for this fund. The absence of a public website or LinkedIn profile limits visibility into its investment team, vehicle structures, or philanthropic affiliates. The fund's scale and exact AUM remain undisclosed. Structurally, this pension plan operates as a multi-employer Taft-Hartley fund, governed jointly by union and employer trustees. This governance model ensures that investment decisions align with both labor and management interests, distinct from corporate pension funds. The fund's reliance on secondaries as a stated strategy is uncommon for small union plans, potentially reflecting a preference for liquidity or opportunistic acquisitions in private markets.
General information
Firm type
Public Sector Union Pension Plan
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Coopersville
Corporate office
Coopersville, MI, United States
Sector focus
Frequently asked questions
What is the West Michigan Plumbers Fitters & Service Trades Local #174 Pension Plan?
It is a union-defined benefit pension fund serving union members in the plumbing, fitting, and service trades in western Michigan. Based in Coopersville, Michigan, its investment strategy emphasizes secondaries, likely involving the purchase or sale of limited partner fund interests.
Is this pension plan a Taft-Hartley fund?
Yes, as a multi-employer union plan with employer contributions, it falls under the Taft-Hartley Act, governed by a joint board of union and employer trustees. This structure ensures fiduciary oversight from both labor and management.
What is the fund's investment focus?
The plan lists secondaries as its primary investment strategy, indicating it participates in the secondary market for private equity and alternative asset fund stakes. This approach can provide liquidity or access to seasoned assets.
Who manages the investment decisions for this pension plan?
Publicly available information does not name specific investment professionals or advisors. As a Taft-Hartley fund, asset allocation and manager selection decisions are made by the joint trustee board.
Does the fund invest in direct deals or only via fund commitments?
Given its stated focus on secondaries, the fund likely invests via fund commitments to secondary market vehicles or directly acquires existing LP stakes. There is no public evidence of direct private company investments.
What sectors does the fund avoid?
No explicit exclusions are publicly documented. Typical Taft-Hartley funds avoid investments that conflict with union values, but specific sector restrictions are not disclosed.
How does the fund generate returns for its members?
As a defined benefit pension plan, it primarily relies on a diversified portfolio of public and private market investments, including secondaries, to generate long-term returns sufficient to pay promised benefits. Its investment policy likely emphasizes capital preservation and income.
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