President Bill Clinton Highlights Opening Session of North America's Building Trades Unions' 2014 Legislative Conference


WASHINGTON, DC -- President Bill Clinton made a surprise appearance in front of over 2,300 national, state and local building and construction trade union leaders who had assembled for the first of two days of strategic discussions relating to the continued advancement of market share gains for the union construction industry.
Sean McGarvey, President of North America's Building Trades Unions, opened the conference with a keynote address that was focused on the strategic elements that will be necessary to continue the momentum being realized by the union construction trades, who increased their collective ranks by 95,000 members in 2013.
"Our unions," said McGarvey, "possess the unmatched ability to bring bottom line value to construction owners and end-users through the formal development and training of the safest, most highly skilled and productive construction workforce in the world, while maintaining a commitment to build partnerships that lead to the creation of pathways for people of all walks of life who deserve an opportunity to achieve a stable and secure life in the American middle class."
McGarvey also presented the Building Trades'  "Hat's Off" award to Randi Weingarten, President of the American Federation of Teachers (AFT).  Weingarten was honored for the work that she and AFT have done to leverage public employee pension assets for the expressed purpose of funding badly needed improvements to our nation's infrastructure. 


The Canadian Impact Infrastructure Exchange (CIIX)

January 21st 2014

The Canadian Impact Infrastructure Exchange (CIIX)
Commissoned by CCCI and Impact Infrastructure, LLC

The Canadian Impact Infrastructure Exchange (CIIX) is an information exchange that brings together investors (including Canada's largest pension plans) and infrastructure investment opportunities that feature positive social and environmental impacts for Canadian communities.  We see infrastructure in its broadest context, encompassing large scale public systems, services, and facilities of a country or region that are necessary for economic activity and smaller scale opportunities that can be aggregated for investment. CIIX suggests that  impact infrastructure investment is the intentional investment in private-public partnerships that provides positive economic, social and/or environmental impact, in addition to job creation, community resiliency and financial return. 


MEPT Investments Build Sustainable Communities


MEPT Investments Build Sustainable Communities
In Washington DC, Over 15,600 Jobs and $2.1 Billion in Output Created

Since its inception, MEPT has sought to invest in real estate projects that, first and foremost, provide competitive returns for its investors. A recent study confirmed that by investing in MEPT, pension plans also play a vital role in creating good jobs and stimulating and strengthening local economies.

For MEPT, what starts as an investment in a new construction project or a capital improvement in an existing building, multiplies and creates a significant economic boost that reaches well beyond the direct beneficiaries of the Fund’s participating plans. MEPT has spent a total of $7.5 billion1since 1982 which has translated into $15.9 billion in economic activity. Consequently, 118,000 jobs have been created, $6.6 billion in income and benefits has been earned, and $526 million in tax revenues have been generated. Further, as the largest open-end fund in the country with a strict Responsible Contractor Policy and a growth strategy focused on new construction opportunities, MEPT is poised to continue to make a meaningful difference for its pension plan participants and their communities. 


Heard Off the Street: Psaros based his career on a bold experiment

Introduction to the Post-Gazette Article
by Tom Croft, Managing Director of HCS  & Executive Director for the SVA 

Michael Psaros, a co-founder and managing principal of KPS Capital Partners, spoke at Heartland's Detroit RoadShow and explained, "When we raised our first institutional fund fifteen years ago, institutional investors were initially skeptical that superior investment returns could be achieved by investing in manufacturing. Further, investors were highly skeptical that unions could play a constructive role in the turnaround and subsequent growth of our companies.  The industrial affiliates of the AFL-CIO did something magical at that time. They took reference calls for us reassuring potential investors in KPS of our firm's successful track record in turning around companies, and in the power of working constructively with unions."

As a result, KPS was able to raise $210 million for its first fund which closed in 1998.  Michael has graciously credited Heartland for helping KPS win some of its early pension fund investments.  Fifteen years later, the firm has achieved truly world class investment returns, primarily by investing in manufacturing and industrial companies and mostly away from the coasts, thus proving, Psaros quipped, "that a labor-friendly fund with a card-check policy can invest and make more money than the union-hating investors."


©2014 Heartland Capital Strategies