Michigan Laborers' Pension Fund

Michigan Laborers' Pension Fund

The Michigan Laborers' Pension Fund was established in 1964 to deliver pension and related benefits to eligible construction laborers and dependents under collective bargaining agreements. Brent Pilarski, business manager of the Michigan Laborers District Council, acts as plan administrator while a board of union and employer trustees oversees governance. The fund deploys capital across private equity, real estate and public equities. Confirmed commitments include Vista Equity Partners Fund VII, EnCap Energy Capital Fund XII, Waud Capital Partners IV and Hammes Income & Growth Healthcare Fund. Allocations also cover Torchlight Debt Opportunity Fund VII and Berkeley Partners Value-Add Industrial Fund. Geographic exposure centers on the United States with additional holdings in the United Kingdom. Assets total $1.1B with roughly 33% in partnership and joint-venture interests and 10% in common and collective trusts. The fund added a non-core real estate commitment after a search conducted by Meketa Investment Group. Welfare & Pension Administration Service, Inc. has served as third-party administrator since 2023, replacing TIC International Corporation. The fund participates in industry associations including the Michigan Infrastructure & Transportation Association and the Associated General Contractors of America Michigan Chapter. Governance rests with a joint board of union and employer trustees appointed by the Michigan Laborers District Council and participating employer groups. This structure ties investment decisions directly to the collective bargaining process that funds the plan.