Laborers' Local #1174

Laborers' Local #1174

Laborers' Local #1174 operates as a Taft-Hartley multi-employer pension fund headquartered in Allentown, Pennsylvania, with an additional administrative office in Harrisburg. The plan covers union construction craft workers whose employers contribute under collective bargaining agreements negotiated through the Eastern Pennsylvania Laborers' District Council. Business Manager Michael Knecht and Secretary/Treasurer Scott Mann jointly oversee the fund's affairs, including investment policy and fiduciary compliance. The parent body, the Laborers' International Union of North America, provides umbrella governance but local trustees retain investment discretion. The pension fund maintains a concentrated investment posture: public records consistently tag the portfolio as secondaries-focused. Rather than committing blind-pool capital to new primary funds, Local #1174 appears to acquire seasoned limited-partner interests in existing private-equity and infrastructure vehicles. This strategy provides earlier cash-flow visibility and shortens the J-curve for a mature plan where liquidity timing matters. Geographic emphasis stays domestic, reflecting the local membership base and their employers' footprint in Pennsylvania, though the underlying funds likely hold diversified US assets. No direct venture or real-estate equity co-investments are disclosed publicly. Parallel to the pension fund, the union sponsors an annuity fund and a health-and-welfare fund — both administered from Harrisburg — forming a full benefits triad. Local #1174 also owns the union hall at 465 Allentown Drive outright. The organization participates actively in regional labor and business networks, including the Pennsylvania AFL-CIO and the Greater Lehigh Valley Chamber of Commerce. In May 2025, the fund surfaced in trustee-meeting materials reviewing a continuation-vehicle proposal from a mid-market buyout manager, signaling ongoing secondaries activity (per public record, 2025). The fund's structural signature is its secondaries-only focus within a small, single-local plan. Most Taft-Hartley funds allocate across primaries, co-investments, and occasionally direct credit; Local #1174's apparent concentration in LP-stake purchases suggests trustees have deliberately shaped liquidity and vintage diversification through the secondary market, likely under advisor guidance, rather than building a multi-asset program internally.