# Laborers Pension Trust Fund for Northern California

Laborers Pension Trust Fund for Northern California is a Pension Fund based in Pleasanton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pleasanton, United States
- **Region:** North America
- **Address:** Pleasanton, CA, United States
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** norcalaborers.org
- **LinkedIn:** https://www.linkedin.com/company/laborers-funds-administrative-office-northern-california

## Regulatory record

- **Reports private funds:** No

## About

The Fund was established in 1963 through a collective bargaining trust agreement between the Associated General Contractors of California and the Northern California District Council of Laborers. Chairman Oscar De La Torre represents the union side, while Co-Chairman Bill Koponen of Syblon Reid serves as an employer trustee. The board is characterized by this balanced governance structure, a defining feature of multi-employer pension plans. The Fund's deployment strategy is concentrated in direct real estate and private credit, evidenced by a portfolio of owned commercial and industrial properties. Known holdings span the Bay Area and Northern California, including One Bay Plaza in Burlingame, the Franklin 1714 Corp building in Oakland, the Townsend 130 Corp property in San Francisco, the Tracy Capital Park Corp industrial asset in Tracy, and the Larkspur Landing 100 Corp commercial site. A separate vehicle, Ponos Lending LLC, extends the strategy into direct private credit. The Fund is a member of the National Coordinating Committee for Multiemployer Plans, the primary advocacy body for Taft-Hartley funds, and the International Foundation of Employee Benefit Plans. In its operating history, the Fund has distributed over $2.9 billion in benefits to a base of approximately 10,400 retirees and beneficiaries. The Fund's structural differentiator is its governance architecture as a multi-employer Taft-Hartley plan. Investment and benefit decisions are not made by a single family or corporate sponsor, but by a joint board of union and employer trustees. This mandate aligns the Fund's real estate and credit investments with the long-duration liabilities of a construction workforce retirement plan.

## Sectors

- Real Estate
- Private Credit

## People

- Oscar De La Torre — Chairman of the Board of Trustees
- Bill Koponen — Co-Chairman (Employer Trustee)

## Questions

### Who runs investment decisions at the Laborers Pension Trust Fund for Northern California?

The Fund operates under a joint board of trustees, co-chaired by Oscar De La Torre (representing the Northern California District Council of Laborers) and Bill Koponen (representing employer Syblon Reid and the AGC). As a Taft-Hartley plan, investment policy and oversight are executed through this balanced union-employer governance structure rather than a single CIO.

### How is the Fund structured in relation to its union and employer partners?

It is a Taft-Hartley multi-employer pension trust, created by a collective bargaining agreement between the Northern California District Council of Laborers (LiUNA) and the Associated General Contractors of California. Contributions are bargained through contractor associations, and the trust is governed by an equal number of union and employer trustees.

### Does the Fund invest primarily through external managers or direct deals?

The Fund favors direct ownership and lending. Its portfolio includes directly held commercial and industrial real estate assets across Northern California, such as One Bay Plaza in Burlingame and Tracy Capital Park Corp. It also operates Ponos Lending LLC for direct private credit deployment.

### What asset classes does the Fund explicitly target?

The disclosed portfolio concentrates on direct commercial and industrial real estate and direct private credit. Known real estate holdings are located in Larkspur, Tracy, San Francisco, Oakland, and Burlingame.

## Related profiles

- [Laborers' Local #57 Industrial Pension Fund](https://altss.com/profile/laborers-local-57-industrial-pension-fund)
- [Labour Relations Corporation Employees’ Pension Fund](https://altss.com/profile/labour-relations-corporation-employees-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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