DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Taft-Hartley plan

Pipe Trades Services Mn Pension Fund

Taft-Hartley planWhite Bear Lake, MN
Assets
$1.6B
Total assets, Apr 30, 2025 reported
Funded
90.9%
May 1, 2024
Private markets target
n/a
policy Apr 30, 2025
Commitments
25
none on the tape
Plan sponsor: Trustees of the Pipe Trades Services Mn Pension Trust
Allocation policy
Form 5500, as of Apr 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.4%
  • Non-interest-bearing cash 0.5%
  • U.S. Government securities 2.1%
  • Other investments 0.1%
  • Partnership/joint venture interests 10.3%
  • 103-12 investment entities 2.5%
  • Common/collective trusts 6.3%
  • Registered investment companies 76.2%
Consultants and advisers
6 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
6 managers on the commitment tape
From the plan’s own commitment disclosures
Commitments
25 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Apr 30, 2025Crescent Capital Trust II (levered)collective trustCrescent Capital Collective InvPooled vehicles$13.0M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$14.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$37.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025Alcentra Euro Cr Opp Fd III Scsp103 12 ieAlcentra European Credit OppPooled vehicles$16.4M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025ASB Labor Equity Index Fundcollective trustAfl-Cio Equity FundPublic equity$13.5M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025Ullico Infrastructure Tax Exempt Fu103 12 ieUllico Investment AdvisorsInfrastructure$22.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2025Inter Enh Core US Rl Est Inc Fdcollective trustGlobal Trust CompanyPooled vehicles$20.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Crescent Capital Trust II (levered)collective trustCrescent Capital Collective InvPooled vehicles$14.2M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$14.3M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$40.2M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Alcentra Euro Cr Opp Fd III Scsp103 12 ieAlcentra European Credit OppPooled vehicles$17.1M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024ASB Labor Equity Index Fundcollective trustAfl-Cio Equity FundPublic equity$12.1M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Emerging Markets Equity Series103 12 ieRBC Global Asset Management (U.S.) Inc.Public equity$23.2M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Ullico Infrastructure Tax Exempt Fu103 12 ieUllico Investment AdvisorsInfrastructure$21.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Segall Bryant & Hamill Intl Sm Capcollective trustSEI Trust CompanyPooled vehicles$30.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2024Inter Enh Core US Rl Est Inc Fdcollective trustGlobal Trust CompanyPooled vehicles$30.6M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$20.1M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$48.0M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Alcentra Euro Cr Opp Fd III Scsp103 12 ieAlcentra European Credit OppPooled vehicles$20.3M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023ASB Labor Equity Index Fundcollective trustAfl-Cio Equity FundPublic equity$9.9M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Emerging Markets Equity Series103 12 ieRBC Global Asset Management (U.S.) Inc.Public equity$21.9M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Segall Bryant & Hamill Intl Sm Capcollective trustSEI Trust CompanyPooled vehicles$26.9M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Inter Enh Core US Rl Est Inc Fdcollective trustGlobal Trust CompanyPooled vehicles$37.8M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Ullico Infrastructure Tax Exempt Fu103 12 ieUllico Investment AdvisorsInfrastructure$19.7M heldDisclosed holdingaskebsa.dol.gov
as of Apr 30, 2023Crescent Capital Trust II (levered)collective trustCrescent Capital Collective InvPooled vehicles$14.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$1.6B Apr 30, 2025 reported Form 5500
$1.5B (2024-04) · $1.3B (2023-04)
Plan assets
$1.5B May 1, 2024 reported Form 5500
$1.3B (2023-05) · $1.3B (2022-05)
Net assets
$1.6B Apr 30, 2025 reported Form 5500
$1.5B (2024-04) · $1.3B (2023-04)
Funded ratio
90.9% May 1, 2024 reported Form 5500
90.6% (2023-05) · 90.0% (2022-05)
Participants
9,392 May 1, 2024 reported Form 5500
9,171 (2023-05) · 8,976 (2022-05)
Contributions
$95.9M Apr 30, 2025 reported Form 5500
$90.2M (2024-04) · $87.2M (2023-04)
Benefits paid
$88.1M Apr 30, 2025 reported Form 5500
$83.9M (2024-04) · $80.0M (2023-04)
Net investment income
$115M Apr 30, 2025 reported Form 5500
$109M (2024-04) · $26.3M (2023-04)
Investment management fees
$2.3M Apr 30, 2025 reported Form 5500
$3.2M (2024-04) · $2.8M (2023-04)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Apr 30, 20259,392n/an/an/a$1.6B$163Mn/an/a
2023 to Apr 30, 20249,171n/an/an/a$1.5B$184Mn/an/a
2022 to Apr 30, 20238,976n/an/an/a$1.3B$184Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
5 events
  • Apr 30, 2025Holding endedinference
    Pipe Trades Services Mn Pension Fund no longer reports Emerging Markets Equity Series (last held $23M at 2024-04-30; absent from the 2025-04-30 filing)
    with Emerging Markets Equity Seriesaskebsa.dol.gov
  • Apr 30, 2025Holding endedinference
    Pipe Trades Services Mn Pension Fund no longer reports Segall Bryant & Hamill Intl Sm Cap (last held $31M at 2024-04-30; absent from the 2025-04-30 filing)
    with Segall Bryant & Hamill Quality Highaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Twele Capital Management, Inc. no longer appears on Pipe Trades Services Mn Pension Fund's Schedule C as investment manager (plan year 2024 vs 2023)
    with Twele Capital Management, Inc.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Hamilton Lane Advisor, LLC appears on Pipe Trades Services Mn Pension Fund's Schedule C as investment manager (plan year 2023 vs 2022)
    with Hamilton Lane Advisor, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Goldman Sachs Asset Management, LP no longer appears on Pipe Trades Services Mn Pension Fund's Schedule C as investment manager (plan year 2023 vs 2022)
    with Goldman Sachs Asset Managementaskebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 416131800-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.