# International Union of Operating Engineers Local 150

International Union of Operating Engineers Local 150 is a Pension Fund based in Countryside, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Countryside, United States
- **Region:** North America
- **Address:** 6150 Joliet Road, Countryside, IL 60525, United States
- **Founded:** 1963
- **Assets under management:** 5754 (Altss estimate)
- **Website:** local150.org

## Regulatory record

- **Reports private funds:** No

## About

The Midwest Operating Engineers Pension Fund was established in 1963 to serve operating engineers in Illinois, Indiana and Iowa. James M. Sweeney has led the fund as chairman while also serving as president-business manager of Local 150. The plan remains a defined-benefit multiemployer vehicle funded by employer contributions tied to covered hours. The fund targets a 7 percent long-term return and maintains a 2.24 percent allocation to private equity. Confirmed holdings include debt positions in Broadcom term loans and several Carlyle CLO tranches. Real-asset exposure centers on direct ownership of the Countryside headquarters, the Wilmington training center and the District 7 hall in Merrillville, Indiana. Geographic focus stays inside the Midwest with additional commitments to Great Lakes maritime infrastructure. The plan reports 5,754 million dollars in assets. It employs external service providers including Bradford & Marzec for investment advice and Calibre CPA Group for audit work. In August 2024 the fund sponsored the James M. Sweeney Classic, a charity golf event benefiting the Navy SEAL Family Foundation. Adjacent vehicles include the IUOE Local 150 Scholarship Fund, the Food Bank Trust and the Indiana, Illinois and Iowa Foundation for Fair Contracting. Governance rests with a board drawn from union leadership and employer trustees. This structure ties investment decisions directly to the collective-bargaining parties that fund the plan, creating a closed loop between contribution policy and asset allocation that most single-family offices and public pensions do not share.

## Sectors

- Infrastructure
- Real Estate
- Private Equity

## People

- James M. Sweeney — President-Business Manager and Chairman of the Pension Fund

## Questions

### Who runs investment decisions at the Midwest Operating Engineers Pension Fund?

James M. Sweeney serves as chairman. External advisors Bradford & Marzec provide day-to-day portfolio management under board oversight.

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

### What asset classes receive the largest allocations?

Private equity, infrastructure and real estate form the core mix. A 2.24 percent private-equity allocation is disclosed alongside direct property ownership and select debt positions.

### How does the fund approach ESG or responsible investing?

A Responsible Contractor Policy governs all selections and requires fair contracting and labor-law compliance on every project.

### What geographic regions does the fund target?

Investments concentrate in Illinois, Indiana and Iowa with additional exposure to Great Lakes maritime infrastructure.

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- [Hankook Tire & Technology](https://altss.com/profile/hankook-tire-technology)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/international-union-of-operating-engineers-local-150

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