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Laborers District Council & Contractors Pension Fund of Ohio
The Laborers District Council & Contractors Pension Fund of Ohio was established in 1967 to provide retirement security for LIUNA Construction Craft...
Laborers District Council & Contractors Pension Fund of Ohio
The Laborers District Council & Contractors Pension Fund of Ohio was established in 1967 to provide retirement security for LIUNA Construction Craft Laborers in Ohio, Kentucky, and West Virginia. Its founding structure is a jointly trusteed Taft-Hartley plan, with the Ohio Laborers District Council and the Ohio Contractors Association as co-sponsors. Key trustees include Ralph Cole, representing the contractors association, and Anthony Liberatore Jr., overseeing the LECET trust (Altss research). Asset allocation spans private equity, real estate, timber, venture capital, and special situations. The fund has committed to diverse-managed private equity funds through its membership in the National Association of Investment Companies (NAIC) (Altss research). It holds real estate assets such as LECET Rental Properties (mixed-use) and the Ohio Laborers Benefits headquarters in Westerville, along with common/collective trusts and partnership interests. Geographic exposure is concentrated in the U.S. Midwest, with co-investment activity noted in timber and turnaround strategies (Altss research). Monthly benefit payments total approximately $14.5 million (per firm website, 2025). The fund operates without a disclosed public AUM; an Altss estimate places assets between $100 million and $250 million. The fund participates in the International Foundation of Employee Benefit Plans (IFEBP) annual symposiums. No additional offices beyond Westerville headquarters are confirmed. The fund is structured as a multi-employer pension plan under joint labor-management trusteeship—a structural differentiator from single-employer or public pension funds. This governance model ensures contribution rates and benefits are negotiated collectively, aligning the interests of workers and contractors. The fund's consistent Green Zone status reflects its disciplined funding approach.
General information
Firm type
Pension Fund
Year founded
1967
AUM
Undisclosed (Altss estimate)
Location
Region
North America
Country
United States
City
Westerville
Corporate office
Westerville, OH, United States
Principals
Ralph Cole
Management Trustee representing the Ohio Contractors Association
Anthony Liberatore Jr
Trustee of the Ohio Laborers District Council LECET trust
Sector focus
Frequently asked questions
Who runs investment decisions at the Laborers District Council & Contractors Pension Fund of Ohio?
The fund is governed by a board of trustees representing labor (Ohio Laborers District Council) and management (Ohio Contractors Association). Named trustees include Ralph Cole, a Management Trustee from the contractors group, and Anthony Liberatore Jr., who oversees the LECET trust (Altss research). The fund employs a professional investment team at Ohio Laborers Benefits, though specific CIO or executive names are not publicly listed.
How does the Pension Fund of Ohio source proprietary deal flow?
The fund leverages its membership in the National Association of Investment Companies (NAIC) to access diverse-managed private equity funds (Altss research). It also participates in the International Foundation of Employee Benefit Plans (IFEBP) symposiums for networking with other institutional allocators and investment managers. Direct co-investment opportunities arise through its timber, real estate, and special situations allocations.
Is the Pension Fund of Ohio structured as a single-family office or a pension fund?
It is a multi-employer Taft-Hartley pension fund, jointly trusteed by the Ohio Laborers District Council (union) and the Ohio Contractors Association (employers). This structure differs from single-family offices, which manage wealth for one family. The fund's governance is defined under federal labor law, with equal representation from labor and management trustees.
Does the fund participate in fund commitments or only direct deals?
The fund uses both approaches. It commits to diversified funds, evidenced by its NAIC membership and allocations to venture capital, buyout, and fund-of-funds strategies. It simultaneously holds direct real estate investments (e.g., LECET Rental Properties, headquarters property) and partnership/joint venture interests (Altss research). Co-investments appear alongside third-party managers in timber and special situations.
What investment stages does the fund typically target?
The fund has a broad stage mandate covering early stage (including seed and start-up), expansion/late stage, growth, and buyout. It also invests in special situations, distressed debt, mezzanine, natural resources, and secondaries. This multi-stage approach is typical of a large institutional investor seeking diversified return streams.
Which sectors does the fund explicitly avoid?
The fund does not publicly disclose any negative screening criteria. Sector exposures from its portfolio include private credit, real estate, timber, natural resources, and general venture capital. No public exclusions—such as fossil fuels or tobacco—are documented.
How is the fund related to Ohio Laborers Benefits?
Ohio Laborers Benefits is the administrative entity that operates the pension fund, the insurance fund, and the annuity fund on behalf of the Ohio Laborers District Council and Ohio Contractors Association. It handles day-to-day claims, member services, and investment operations. The pension fund legally exists as a separate trust but is administered through this shared office at 800 Hillsdowne Road in Westerville, Ohio.
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.
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