Pension and Retirement Plan of Plumbers and Pipefitters Union Local 525
Taft-Hartley plan, based in LAS Vegas, Nevada, reporting $455M in assets, for 3,672 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 30 Jun 2025, Pension and Retirement Plan of Plumbers and Pipefitters Union Local 525 no longer reports Alcentra European Credit Opportunit (last held $4,658 at 2024-06-30; absent from the 2025-06-30 filing).
1 more adviser, 12 more managers, 53 more commitments and 1 more dated event
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- NIS Intermediate Fixed Income Fund3 commitments
- Alcentra Multi-Strategy European Cr3 commitments
- NIS High Yield Fund, LLC3 commitments
- National Investment Svcs of Amer9 commitments
- Alcentra Ltd8 commitments
- HPS Investment Partners, LLC3 commitments
Relationship network
78 connected entities56 observed commitments35 repeat counterparties32 dated commitments shown here, 2023 to 2025
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesTaft-Hartley planShowHide
Allocation policy
- Interest-bearing cash 0.4%
- Non-interest-bearing cash 0.9%
- Partnership/joint venture interests 23.4%
- 103-12 investment entities 15.3%
- Common/collective trusts 49.1%
- Pooled separate accounts 1.4%
- Registered investment companies 5.1%
- Real estate (other than employer real property) 3.6%
Consultants and advisers
- Nepc, LLC Investment adviser (plan)through Jun 30, 2023 Form 5500
- Midwest Institutional Trust Company Custodianthrough Jun 30, 2025 Form 5500
- Cheiron Actuarythrough Jun 30, 2023 Form 5500
+1 more consultant or adviser advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- National Investment Svcs of Amer9 rows, latest Jun 30, 2025
- Alcentra Ltd8 rows, latest Jun 30, 2025
- HPS Investment Partners, LLC3 rows, latest Jun 30, 2025
+12 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Mcmorgan & Company, LLCplan years
- HPS Investment Partners, LLCplan years
- Alcentra Ltdplan years
+8 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Jun 30, 2025Holding endedinferencePension and Retirement Plan of Plumbers and Pipefitters Union Local 525 no longer reports Alcentra European Credit Opportunit (last held $4,658 at 2024-06-30; absent from the 2025-06-30 filing)with Alcentra European Credit Opportunitaskebsa.dol.gov
- Jun 30, 2025Assets changedPension and Retirement Plan of Plumbers and Pipefitters Union Local 525 total assets $413M -> $455M (+10.2%, 2024-06-30 to 2025-06-30)
- Jul 1, 2024Funded status changedPension and Retirement Plan of Plumbers and Pipefitters Union Local 525 funded ratio 105.3% -> 107.6% (2023-07-01 to 2024-07-01)
- Jun 30, 2024Holding startedPension and Retirement Plan of Plumbers and Pipefitters Union Local 525 first reports an interest in Lazard Global Equity Franchise Cit: $30M at 2024-06-30with Lazard Global Equity Franchise Citaskebsa.dol.gov
- Jun 30, 2024Holding endedinferencePension and Retirement Plan of Plumbers and Pipefitters Union Local 525 no longer reports TCW Capital Trust (last held $31,578 at 2023-06-30; absent from the 2024-06-30 filing)with TCW Capital Trustaskebsa.dol.gov
+1 more dated event
Every name, record and relationship behind this count, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Jun 30, 2025 | NIS Intermediate Fixed Income Fundcollective trust | National Investment Svcs of Amer | Fixed income | $28.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Alcentra Multi-Strategy European Cr103 12 ie | Alcentra Ltd | Hedge / diversifiers | $1.0M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | NIS High Yield Fund, LLCcollective trust | National Investment Svcs of Amer | Fixed income | $2.0M held | Disclosed holding | askebsa.dol.gov |
+53 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Jun 30, 2025 | 3,672 | Not disclosed | Not disclosed | n/a | $455M | $107M | Not disclosed | $16.3M |
| 2023 to Jun 30, 2024 | 3,603 | Not disclosed | Not disclosed | n/a | $413M | $69.8M | Not disclosed | $15.9M |
| 2022 to Jun 30, 2023 | 3,131 | Not disclosed | Not disclosed | n/a | $380M | $63.0M | Not disclosed | $17.8M |
- Rubinbrown LLP codes 10 $449,394 PY2024
- American Realty Advisors, LLC codes 51 $390,199 PY2024
- Brownstein Hyatt Farber Schreck LLP codes 29 $339,252 PY2024
+99 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Pension and Retirement Plan of Plumbers and Pipefitters Union Local 525 sits on 12 traced paths of capital across the graphs.
DFX traced 12 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Holding in a pooled vehicle ended2025-06-30source on record
- Holding in a pooled vehicle started2025-06-30source on record
- Holding in a pooled vehicle ended2025-06-30source on record
+5 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+17 connections on the graph
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