Updated:
Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A
The Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A, operates out of Las Vegas as the retirement vehicle for members of LIUNA...
Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A
The Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A, operates out of Las Vegas as the retirement vehicle for members of LIUNA Local 872. Overseen by Business Manager and Chairman Tommy White since at least 2003, the plan is a classic Taft-Hartley multiemployer fund — jointly trusteed by union and contributing employer representatives — serving a defined group of construction laborers across the Southern Nevada building trades. The fund’s investment strategy exhibits a stark focus. It has deployed capital exclusively into real estate, specifically within the buyout segment. This represents an unusually concentrated posture for a union pension plan, which more commonly allocates across public equities, fixed income, and diversified real assets to manage liquidity demands. By operating solely within private real estate buyouts, the plan assumes a distinctly illiquid, return-seeking profile for its long-duration liability pool. Known holdings are locally concentrated and include the Wynn Las Vegas integrated resort asset and the Allure Las Vegas residential tower. The plan is affiliated with the Laborers International Union of North America (LIUNA) through its relationship with Local 872 in Las Vegas. Details on total plan assets, participant count, or funded status are not publicly available in a single aggregated source. The fund’s structural decision to not operate a website or maintain a LinkedIn presence aligns with many small to mid-sized Taft-Hartley plans that limit their public disclosure profile to annual Form 5500 regulatory filings with the Department of Labor. Its structural differentiator lies in its concentrated governance and investment framework. As a Taft-Hartley fund with a single-union local as its primary sponsorship base and a long-standing chairman directing strategy, the plan operates without the layers of investment consultants, emerging manager programs, or diversified consultant gatekeepers typical of large public systems. This architecture concentrates both decision-making and outcome accountability in a local trust structure, focused on a single asset class within a single geography — a configuration that carries both concentration reward and risk not found in broader institutional pools.
General information
Firm type
Pension Fund
Year founded
1969
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Las Vegas
Corporate office
Las Vegas, NV, United States
Principals
Tommy White
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at the Construction Industry & Laborers Joint Pension Plan for South Nevada?
Investment decisions are overseen by a Board of Trustees co-chaired by Tommy White, who also serves as Business Manager of the sponsoring LIUNA Local 872. The Taft-Hartley structure mandates equal representation from union and contributing employer trustees, meaning no single block controls the investment committee. The plan's real estate concentration suggests the board has decided on a direct, locally focused strategy rather than delegating to external consultants.
Is this plan a single-family office or a multi-employer pension fund?
It is a Taft-Hartley multiemployer pension fund, jointly trusteed by appointed representatives of LIUNA Local 872 and signatory construction contractors. This structure pools contributions from multiple employers for the benefit of a single union local's membership — a fundamentally different architecture from a family office, sovereign wealth fund, or corporate pension plan.
What investment stages does the plan target?
The plan's documented posture is a pure buyout strategy within real estate. It seeks ownership of stabilized, income-producing properties rather than development, mezzanine lending, or venture-stage real estate exposure. The presence of trophy assets like Wynn Las Vegas in its holdings suggests a preference for major completed commercial properties.
Does the plan participate in fund commitments or only direct deals?
Available public record indicates the plan operates through direct property investments rather than committing as a limited partner to commingled real estate funds. Its naming convention as 'Plan A' within the Nevada plan structure and the identified property-level holdings point toward direct ownership and joint venture structures common among Taft-Hartley funds of its size.
Which sectors does the plan explicitly avoid?
The plan's concentrated buyout real estate strategy implies significant underweights in public equities, fixed income, infrastructure, private equity funds, and venture capital. By allocating the entirety of its known deployed assets to private real estate, it is structurally avoiding the diversification that dominates most institutional portfolios.
Where does the underlying capital originate?
Contributions flow from collective bargaining agreements between LIUNA Local 872 and signatory construction employers across Southern Nevada. Hourly contributions are negotiated into labor contracts and remitted to the plan trust, making the capital flow tied directly to construction activity levels in the Las Vegas metropolitan area — a cyclical but long-standing employment base.
What is the plan's known posture on co-investments alongside external GPs?
Public record does not provide evidence of co-investment activity alongside general partners in blind-pool fund structures. The plan's direct ownership profile, characterized by specific named properties rather than fund interests, suggests the trust conducts its own due diligence and negotiations at the asset level, potentially through joint venture partners rather than through fund co-investment sleeves.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: