LiUNA Local 1174 Pension Fund

LiUNA Local 1174 Pension Fund

LiUNA Local 1174 Pension Fund was established in 1968 as the retirement vehicle for members of Laborers' Local No. 1174, a chartered local of the Laborers' International Union of North America (LiUNA). The fund covers eligible construction laborers across the Eastern Pennsylvania region, providing defined-benefit pensions alongside disability and death benefits. It operates under the joint trusteeship of union and contributing employer representatives, a governance structure standard for Taft-Hartley multiemployer plans. The fund's investment strategy spans public equities and fixed-income core holdings, supplemented by allocations to private markets including venture capital, growth equity, and private credit. Stage coverage extends from seed and early-stage venture through expansion and late-stage, with additional exposure to secondaries and venture debt. Public records indicate the plan participates in both fund commitments and direct co-investment structures, though specific portfolio names remain undisclosed. Geographic focus centers on domestic US investments, consistent with the membership base concentrated in Pennsylvania's Lehigh Valley and surrounding counties. With an Altss-estimated asset base between $100 million and $200 million, the plan maintains a lean operational footprint out of its Harrisburg headquarters. The fund's union hall and commercial property at 3614 Lehigh Street in Whitehall, PA represents a tangible real asset held outside the pension trust. Chuck Clarke, as Business Agent for Local 1174, serves as the primary union-side representative, a role that includes advocacy on infrastructure policy alongside fiduciary responsibilities. The local's affiliation with the Pennsylvania AFL-CIO and the Eastern Pennsylvania District Council of LiUNA embeds the fund within a broader labor ecosystem that influences both its beneficiary base and its investment procurement pathways. What distinguishes this fund structurally is its identity as a Taft-Hartley plan — a jointly trusteed arrangement where neither the union nor management controls investment decisions unilaterally. This governance model creates a distinct fiduciary profile compared to single-sponsor corporate pensions or public retirement systems, with investment consultants and OCIO providers typically playing significant roles in portfolio construction. The fund's venture and growth equity sleeves, unusual for a plan of this size, suggest consultant-driven access to fund-of-funds vehicles rather than direct GP relationships, creating a layered governance architecture that separates strategic asset allocation from manager selection.