# LiUNA Pension Fund of Central and Eastern Canada

LiUNA Pension Fund of Central and Eastern Canada is a Pension Fund based in Oakville, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oakville, Canada
- **Region:** North America
- **Address:** 1315 North Service Road East - 6th Floor, Oakville, ON, Canada
- **Founded:** 1972
- **Assets under management:** 9.2B (Altss estimate)
- **Website:** lpfcec.org
- **LinkedIn:** https://ca.linkedin.com/company/liuna-pension-fund-of-central-and-eastern-canada

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Joseph S. Mancinelli — Chairman of the Board of Trustees

## Questions

### Who runs investment decisions at LiUNA Pension Fund of Central and Eastern Canada?

Andrew Oliveira serves as Chief Investment Officer. Joseph S. Mancinelli chairs the Board of Trustees.

### Does the fund participate in fund commitments or only direct deals?

The fund executes both fund commitments and direct investments. Confirmed direct holdings include multiple Ontario residential developments and US seniors housing assets.

### Where does the fund source deal flow?

Deal flow arrives through long-standing relationships with Fengate Asset Management and direct co-investor partnerships such as The Hi-Rise Group and Freed Developments.

### What is the fund's geographic footprint?

Primary activity occurs in Ontario. Additional holdings exist in Nevada and several US Midwest states.

### How does the fund structure its real estate investments?

Investments occur through joint ventures and direct ownership via SPVs. Examples include LPFCEC-branded entities and partnerships with Lanterra Developments and Fengate.

## Related profiles

- [NRECA](https://altss.com/profile/nreca)
- [Co-operative Pace Pension Scheme](https://altss.com/profile/co-operative-pace-pension-scheme)

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

Canonical page: https://altss.com/profile/liuna-pension-fund-of-central-and-eastern-canada

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology