# Chicago Laborers' Annuity & Benefit Fund (LABF)

Chicago Laborers' Annuity & Benefit Fund (LABF) is a Pension Fund based in Chicago, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** $1.1B (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

Founded to serve workers in the City of Chicago's labor sector, the Chicago Laborers' Annuity & Benefit Fund (LABF) is a defined-benefit public pension overseen by a Retirement Board led by President Victor Roa and Vice President Michael Belsky (who also serves as City Comptroller). Trustee Melissa Conyears-Erwin, the City Treasurer, also sits on the board. The fund's sponsor is the City of Chicago, which directs contributions. LABF's investment strategy spans multiple asset classes including private real estate, private equity, and emerging markets debt. The real estate portfolio is concentrated in commercial properties through funds managed by JPMorgan Strategic Property Fund, ASB Allegiance Real Estate Fund, Long Wharf Real Estate Partners (three vintages), and Mesirow Financial Real Estate Value Funds. Additional managers include Capri Select Income and JBC Funds. The fund targets early-stage opportunities and emerging markets debt, per public disclosures. Cameron Mock is the Executive Director & Chief Investment Officer, running day-to-day operations. The fund is a member of NCPERS (National Conference on Public Employee Retirement Systems), which provides professional networking and advocacy. LABF has disclosed no recent major personnel or structural changes. As a public pension with a defined-benefit mandate, LABF operates under Illinois public records and fiduciary rules. The fund's governance structure relies on the Retirement Board, which includes City of Chicago officials, creating a direct link between municipal finance and pension management.

## Sectors

- Real Estate
- Private Equity
- Emerging Markets

## People

- Victor Roa — President of the Retirement Board
- Michael Belsky — Vice President of the Retirement Board; City Comptroller
- Melissa Conyears-Ervin — Trustee; City Treasurer
- Cameron Mock — Executive Director & Chief Investment Officer

## Questions

### Who makes investment decisions at LABF?

Executive Director and CIO Cameron Mock leads day-to-day investment management. The Retirement Board, chaired by Victor Roa and including City Comptroller Michael Belsky and City Treasurer Melissa Conyears-Ervin, provides oversight and approval on major allocations.

### What asset classes does LABF invest in?

The fund allocates to private real estate (primarily commercial via funds like JPMorgan Strategic Property Fund and Long Wharf), private equity, and emerging markets debt. Real estate is the most documented component.

### How does LABF source its investments?

LABF invests primarily through external funds managed by institutional real estate and private equity firms. The fund has relationships with managers including JPMorgan, ASB, Long Wharf, Mesirow, and JBC.

### Does LABF disclose its portfolio companies?

The fund discloses real estate fund investments (e.g., JPMorgan Strategic Property Fund, Long Wharf funds) but not individual underlying properties or companies.

## Related profiles

- [Chicago Housing Authority Employees' Retirement & Trust](https://altss.com/profile/chicago-housing-authority-employees-retirement-and-trust)
- [Children's Healthcare of Atlanta (CHoA)](https://altss.com/profile/childrens-healthcare-of-atlanta-choa)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/chicago-laborers-annuity-and-benefit-fund-labf

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