# Laborers District Council & Contractors Pension Fund of Ohio

Laborers District Council & Contractors Pension Fund of Ohio is a Pension Fund based in Westerville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Westerville, United States
- **Region:** North America
- **Address:** 800 Hillsdowne Road, Westerville, OH 43081, United States
- **Founded:** 1967
- **Assets under management:** Undisclosed
- **Website:** ohiolaborers.com
- **LinkedIn:** https://www.linkedin.com/company/ohiolaborersbenefits

## Regulatory record

- **Reports private funds:** No

## About

The Laborers District Council & Contractors Pension Fund of Ohio was established in 1967 to provide retirement security for union construction laborers throughout the state. The plan is jointly administered by the Ohio Laborers' District Council and the Ohio Contractors Association, with Ralph E. Cole serving as Business Manager of the District Council and a key figure in its governance. The fund deploys capital across a notably wide range of asset classes. Its strategy spans venture capital (including seed, early-stage, and expansion-stage), buyout, growth equity, mezzanine, distressed debt, and CLOs. It also participates in secondaries, special situations, natural resources, and timber. Real estate exposure includes co-investments and direct holdings such as the Ohio Laborers Benefits headquarters in Westerville and LECET rental properties. The fund has been recognized for commitments to diverse-managed private equity vehicles, including through the National Association of Investment Companies (NAIC). With operations run out of Westerville, Ohio, the fund operates as part of the broader Ohio Laborers Benefits system, which also includes cooperative education trusts and a PAC. The fund is a sponsor and regular attendee of the International Foundation of Employee Benefit Plans symposiums. The retirement plan consistently received 'Green Zone' certification, a marker of funded-status health in multiemployer pension monitoring. The AUM figure is not publicly disclosed by the fund. Structurally, the fund is a classic Taft-Hartley multiemployer plan, which means it pools contributions from multiple construction contractors across Ohio under collective bargaining agreements. This joint labor-management design creates a governance architecture distinct from state or corporate pension plans, with fiduciary oversight shared by union and employer trustees. The fund's commitment to diverse-managed mandates and direct property holdings further differentiates it from peers that outsource all allocation decisions to consultants.

## Sectors

- Real Estate
- Private Equity
- Venture Capital
- Secondaries & Special Situations
- Natural Resources
- Private Credit

## People

- Ralph E. Cole — Business Manager, Ohio Laborers' District Council; Pension Fund Trustee
- Anthony Liberatore Jr. — Trustee, Ohio Laborers District Council LECET trust

## Questions

### What is the fund's investment strategy?

The fund allocates across a broad range of asset classes including venture capital, buyout, growth equity, mezzanine, distressed debt, CLOs, secondaries, special situations, natural resources, and timber. It also holds direct real estate assets such as its Westerville headquarters and LECET rental properties. The strategy includes both fund commitments and direct co-investments.

### Is the fund involved in diversity-focused investment initiatives?

Yes. The fund has been recognized for commitments to diverse-managed private equity funds. It maintains a membership with the National Association of Investment Companies, an industry group that represents diverse-owned alternative investment firms (Altss research).

### How is the fund related to the Ohio Laborers' District Council and the Ohio Contractors Association?

The fund is a jointly administered Taft-Hartley multiemployer pension plan. The Ohio Laborers' District Council represents the union members covered by the plan, and the Ohio Contractors Association represents the contributing employers. Both organizations appoint trustees who share fiduciary responsibility for the fund.

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Last updated: 2026-07-06T00:35:30.490Z

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