# Electrical Workers (IBEW) Local #99

Electrical Workers (IBEW) Local #99 is a Pension Fund based in Cranston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cranston, United States
- **Region:** North America
- **Address:** 22 Amflex Drive, Cranston, RI 02921
- **Assets under management:** Undisclosed
- **Website:** ibew99.org

## Regulatory record

- **Reports private funds:** No

## About

IBEW Local 99 operates its pension and benefit funds out of Cranston, Rhode Island, serving the electrical workers of the International Brotherhood of Electrical Workers. The fund's governance runs through the union's leadership, with Business Manager Joseph L. Walsh, Jr. acting as Financial Secretary. Its capital base comes from employer contributions negotiated through collective bargaining with the National Electrical Contractors Association (NECA) Rhode Island Chapter, which also serves as the management partner in the local's joint labor-management benefit structures. The fund's investment strategy concentrates on secondaries, acquiring limited-partner interests in infrastructure, real estate, and energy-transition vehicles from other sellers. This approach provides earlier liquidity and vintage diversification without requiring the staff overhead of a large primary-commitment program. Geographic exposure is concentrated in the Northeast, though secondaries purchases can bring national exposure depending on the underlying fund's mandate. Recent activity includes continued management of the local's Joint Apprenticeship and Training Committee (JATC) facility at 40 Western Industrial Drive, which trains the next generation of electricians who will build the projects the pension's capital backs. The fund operates alongside the IBEW Local 99 Scholarship Educational Fund, a separate philanthropic vehicle. Affiliations with the Rhode Island Building and Construction Trades Council and Climate Jobs RI further anchor the pension's strategy within coalitions that advance both labor interests and clean-energy infrastructure development. The Local 99 pension fund's structural differentiator is its embedded relationship with the workforce. Unlike a public pension with a broad beneficiary base, this Taft-Hartley plan's capital serves a specific skilled-labor population and invests in assets those members physically construct and maintain. This creates a closed-loop dynamic where pension capital funds the projects that employ the plan's own participants, aligning fiduciary return objectives with union workforce development.

## Sectors

- Secondaries
- Real Estate
- Infrastructure
- Energy Transition & Renewables

## Offices

- 40 Western Industrial Drive, Cranston, RI 02921 (JATC Training Facility)

## People

- Joseph L. Walsh, Jr. — Business Manager / Financial Secretary

## Questions

### Why does IBEW Local 99 focus on secondaries?

Secondaries allow the fund to acquire seasoned private-market positions with shorter durations to liquidity and reduced blind-pool risk. For a union pension fund with limited in-house investment staff, buying existing stakes in infrastructure and real assets funds provides diversified exposure without the operational burden of originating primary commitments. The strategy also helps manage vintage-year concentration.

### What types of assets does the IBEW Local 99 pension fund invest in?

The fund concentrates on infrastructure, real estate, and energy-transition vehicles, with particular attention to renewable energy assets. The union's own solar and wind infrastructure presence in Cranston signals a practical alignment with the energy sectors its capital is deployed into. Exposure is primarily through secondary-market LP-stake acquisitions.

## Related profiles

- [IBEW Local 98](https://altss.com/profile/electrical-workers-ibew-local-98)
- [Electrical Workers' Insurance Fund](https://altss.com/profile/electrical-workers-insurance-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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