LIUNA - Washington

LIUNA - Washington

LIUNA - Washington is the pension fund affiliate of the Laborers' International Union of North America, serving workers in the Washington, D.C. metropolitan area. The fund's origins trace to collective bargaining agreements that established multiemployer pension plans for construction laborers. It operates as a defined-benefit pension trust, with contributions from union employers and investment returns accumulating to pay retiree benefits. The fund allocates capital across a diversified portfolio that includes real estate, infrastructure, private credit, hedge funds, and secondaries. It has been an active investor in commercial and residential real estate projects in the Washington region. The fund also participates in infrastructure debt and equity deals, often alongside other institutional investors. Its private credit holdings include direct loans to mid-market companies. Confirmed investments include properties in the Washington, D.C. corridor and a stake in a regional infrastructure fund, 2023). Total assets under management are not publicly disclosed. The fund employs a small investment team, with strategic guidance from LIUNA's national investment committee. It maintains offices in Washington, D.C. The fund's governance is overseen by a board of trustees comprising union and employer representatives. A recent operational event: January 2024: The fund committed $50 million to a specialized infrastructure credit fund managed by a third-party asset manager (per public filings, January 2024). LIUNA - Washington's structural differentiator is its status as a Taft-Hartley pension fund, governed jointly by union and employer trustees. This governance model ensures that investment decisions align with both worker retirement security and employer sustainability. The fund also follows LIUNA's national responsible contracting policies, which prioritize investments that create union jobs in the construction sector.