Troy Milne
Plan Administrator, Business Manager & Financial Secretary
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- Full Name
- Troy R. Milne
- Title
- Business Manager & Financial Secretary-Treasurer (FST); Plan Administrator / Fund Manager, Sheet Metal Workers' Local 46 benefit funds
- Firm
- Sheet Metal, Air, Rail and Transportation Workers (SMART) Local 46 — and the affiliated Local 46 Pension, Health, and Annuity Funds
- Firm Type
- Labor union local and its multiemployer (Taft-Hartley) benefit/pension trust funds — an institutional pension asset owner, *not* an angel investor
- Investment Stage
- Institutional pension-fund allocation (the Local 46 Pension Fund appears in databases as a limited partner). The stub's "Angel Investor / Seed Round" labels are not supported and appear to be a scraper error.
- Location
- 244 Paul Road, Rochester, NY 14624
Background
Troy R. Milne is a Rochester, New York labor leader who serves as Business Manager and Financial Secretary-Treasurer (FST) of SMART Local 46 (formerly Sheet Metal Workers' International Association Local 46), the union representing roughly 400 sheet metal, HVAC, testing-and-balancing, and control workers across Monroe, Wayne, Livingston, Ontario, Seneca, and Yates Counties, plus workers at the Genesee/High Falls brewery. In that capacity he is the local's chief elected officer, responsible for its finances, contract administration, and day-to-day operations from the union hall at 244 Paul Road.
In addition to running the local, Milne acts as Plan Administrator / Fund Manager for the union's associated multiemployer benefit trusts — the Sheet Metal Workers' Local 46 Pension Fund, Health Fund, and Annuity Fund. These are Taft-Hartley trusts jointly overseen by labor and management trustees, and Milne is named as the administering fund manager on their filings and in litigation the funds have brought to collect employer contributions (e.g., *Sheet Metal Workers Local No. 46 Health Fund, by Troy Milne, as Fund Manager, v. Eagle Mechanical & General Construction LLC*, W.D.N.Y., 2017–2019).
The likely reason Milne surfaces in "investor" datasets is that the Local 46 Pension Fund is an institutional asset owner: as a defined-benefit pension trust it holds and allocates capital, and it is profiled as a limited partner in financial databases such as PitchBook and Bloomberg. That makes Milne an administrator of pension capital, not a startup investor — the funds allocate to institutional managers, not to seed-stage companies. (Public U.S. Department of Labor notices have flagged the Local 46 Pension Fund's funding status as "endangered"/critical in past plan years, a common situation for building-trades pension plans.)
Note on status: the current union directory (via the Rochester-Genesee Valley Area Labor Federation and Union Facts) lists Milne as the sitting Business Manager & FST, while a LinkedIn profile under his name describes him as a "retired sheet metal journeyman at Local 46" — the sources are not fully consistent on whether he remains active, so confirm current status directly.
Investment Thesis & Focus
- Not an angel investor. Milne administers a multiemployer defined-benefit pension trust and related health/annuity funds; there is no evidence of personal angel/seed investing, and no check size, sector, or target-company profile for such activity exists to cite.
- Any "investing" is at the pension-fund (limited-partner) level — allocating trust assets to institutional managers to fund retiree benefits — governed by ERISA fiduciary duty and a joint board of union and employer trustees, not by a personal thesis.
- Focus of his actual role: securing members' retirement/health benefits, collecting delinquent employer contributions, and maintaining the plans' funding health. Founders seeking seed capital are not the audience for this fund.
Notable Investments
- No angel or venture investments are attributable to Troy Milne; none should be listed.
- At the institutional level, the Sheet Metal Workers' Local 46 Pension Fund is catalogued as a limited partner in PitchBook and profiled in Bloomberg, but specific fund commitments are not publicly disclosed in the sources reviewed.
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