LiUNA Pension Fund of Central and Eastern Canada

LiUNA Pension Fund of Central and Eastern Canada

The LiUNA Pension Fund of Central and Eastern Canada was established in February 1972 to deliver defined benefit pensions to unionized construction employees. Joseph S. Mancinelli has served as Chairman of the Board of Trustees while also holding the role of International Vice President of LiUNA. The plan remains Canada's largest defined benefit multi-employer pension arrangement serving that sector. The fund allocates across real estate, infrastructure, and private equity. Current holdings include direct and joint-venture positions in residential towers such as Church & Main in Brampton, King William in Hamilton, and Harmony Commons at the University of Toronto Scarborough. It also holds interests in Virgin Hotels Las Vegas and seniors housing facilities in Wisconsin, North Dakota, and Missouri. Geographic exposure centers on Ontario with additional assets in the United States. Partnerships with Fengate Asset Management and The Hi-Rise Group support execution of these investments. Private holdings include positions in NRStor Inc., eStruxture Data Centers, and CapIntel. The organization employs 51 professionals at its Oakville headquarters. Andrew Oliveira serves as Chief Investment Officer. In June 2024 the fund sponsored the NAIOP Greater Toronto REX Awards. It maintains membership in the Institutional Limited Partners Association and has signed the ILPA Diversity in Action initiative. Service providers include Willis Towers Watson as investment consultant and Koskie Minsky LLP as legal counsel. The fund's structure features a dedicated investment advisor relationship with Fengate Asset Management that dates to 2006. This arrangement allows direct participation in real estate development and select operating businesses rather than limiting activity to external fund commitments.