Laborers' Local #754

Laborers' Local #754

Laborers' Local #754 operates its pension fund from Chestnut Ridge for members of the construction and general labor union based in Rockland County, New York. The plan's capital originates from collectively bargained employer contributions and member hours, a structure typical of Taft-Hartley multiemployer pensions governed jointly by union and contractor trustees. Precise founding and board composition are matters of public record but not surfaced online. The fund's investment strategy skews notably toward private equity secondary transactions. While many comparable Taft-Hartley plans maintain a broad mix of domestic equities, fixed income, and real estate, Local #754's record reflects a concentrated commitment to purchasing existing partnership stakes on the secondary market. This approach can provide earlier liquidity and a shorter duration compared to primary fund commitments, a rationale consistent with a plan of its asset base. Manager selection and any direct co-investment activity are not publicly detailed. The estimated $63 million in plan assets situates it as a smaller institutional investor within the New York metro construction trades. No adjacent philanthropic vehicles, real-asset arms, or separate union-affiliated funds have been identified. The plan is administered through a board of trustees, though individual investment consultants or outside fiduciary managers handling the secondary program have not been named in accessible disclosures. Structurally, Local #754's secondary-heavy mandate is a departure from the passive indexed or core-real-estate playbook common among local Taft-Hartley plans. This concentration suggests either a specialized outsourced CIO relationship or a deliberate board-level view that secondary PE offers a better risk-return fit for the membership's liability stream. Succession and governance beyond the trustee structure remain opaque.