Laborers' District Council Construction Industry Pension Fund

Laborers' District Council Construction Industry Pension Fund

The Laborers' District Council Construction Industry Pension Fund was established in 1962. James N. Harper, Jr. acts as Co-Chair of the Board of Trustees. The plan covers eligible members of local unions affiliated with the Laborers' District Council of the Metropolitan Area of Philadelphia and Vicinity. The fund allocates 9.6 percent of assets to private equity. Confirmed commitments include positions with GCM Grosvenor Private Markets, Patriot Financial Partners, Portfolio Advisors, Mesirow Financial, Columbia Partners Private Capital, and Washington Capital Management. It also maintains a direct lending exposure through WaCap. Geographic focus centers on the United States with additional public equity holdings in issuers such as Sea Limited and Tesla. Assets total $1.062 billion. The fund maintains its headquarters at 665 North Broad Street in Philadelphia. Marquette Associates has served as investment consultant since 2024. In July 2025 the fund participated in the Sea Limited securities litigation settlement hearing. The fund functions as a multiemployer Taft-Hartley plan governed by a board of trustees drawn from the sponsoring union and employer associations. This structure ties investment decisions directly to collective bargaining agreements with the Contractors' Association of Eastern Pennsylvania and the General Building Contractors' Association.