Central Laborers' Pension, Welfare, and Annuity Funds

Central Laborers' Pension, Welfare, and Annuity Funds

The Central Laborers' Pension Fund was established in 1965 to serve construction and general laborers in Illinois and surrounding states. Kenton Day leads day-to-day operations while a board of labor and management trustees governs investment policy. The fund allocates 37 percent of assets to corporate stocks and 23 percent to common and collective trusts. It holds limited-partner interests in Mesirow Financial Real Estate Value Fund IV, Oak Street Real Estate Capital Fund III, LLR Partners, TPG, and PGIM Private Capital. Geographic exposure centers on the United States with additional commitments to North American real estate and infrastructure vehicles. Recent holdings include ULLICO Separate Account J and ULLICO USA Realty Fund. The fund maintains 11 named service providers including The Segal Company as actuary and Northern Trust as custodian. It belongs to the National Conference on Public Employee Retirement Systems and the Council of Institutional Investors. In May 2024 the fund participated as a speaker at the Welltower Annual Meeting of Shareholders. Governance rests on a joint labor-management board that appoints trustees from LIUNA and employer groups such as the Associated General Contractors of Illinois.