# Steamfitters Local 602

Steamfitters Local 602 is a Pension Fund based in Capitol Heights, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Capitol Heights, United States
- **Region:** North America
- **Address:** 8700 Ashwood Drive 2nd Floor, Capitol Heights, MD 20743, United States
- **Founded:** 1955
- **Assets under management:** 1063 (Altss estimate)
- **Website:** steamfitters-602.org

## Regulatory record

- **Reports private funds:** No

## About

The Heating, Piping & Refrigeration Pension Fund was created in 1955 to serve journeymen and apprentice steamfitters and pipefitters represented by Steamfitters Local 602. Sidney Bonilla serves as business manager and financial secretary treasurer. The plan operates from Capitol Heights, Maryland, and covers members across the Washington metropolitan region. The fund holds a 5.46 percent allocation to private equity. Confirmed positions include KRM Development Corporation in real estate and Advantage Portfolio in financial services, both held through the pension plan. It also maintains a long equity position in Adecco Group AG through a Franklin Templeton account. Geographic exposure centers on the United States with primary activity in Maryland and the District of Columbia metro area. The plan owns three operating properties: the union hall and benefits office, the U.A. Mechanical Trade School, and the Family Medical Center operated by Marathon Health. The fund reported $1.063 billion in pension assets and maintains a separate defined contribution plan valued at $293 million. It participates in the Maryland Tech Council and exhibited at the Data Center Summit in August 2025 on workforce development topics. Additional vehicles include the M. Eddie Moore Scholarship Trust, which awarded $771,000 in education grants to dependents of members. Governance ties the pension plan directly to the local union structure under United Association oversight, with investment advice provided by Segal Consulting and legal counsel from O'Donoghue & O'Donoghue LLP.

## Sectors

- Real Estate
- Infrastructure

## People

- Sidney Bonilla — Business Manager and Financial Secretary Treasurer

## Questions

### Who runs investment decisions at Steamfitters Local 602?

Sidney Bonilla serves as business manager and financial secretary treasurer. Segal Consulting acts as investment advisor with primary contact Jeanette R. Cooper.

### What asset classes does the fund allocate to?

The plan holds 5.46 percent in private equity. It also owns direct real estate assets and maintains a long equity position in Adecco Group AG.

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

The fund holds direct ownership of three Maryland properties and limited partner interests in KRM Development Corporation and Advantage Portfolio.

### Where does the fund source its investments?

The plan works through external managers including Franklin Templeton for public equities and maintains relationships with local real estate operators.

### What is the fund's geographic focus?

All disclosed holdings and properties are located in the United States, with operations centered in Maryland and the Washington DC metropolitan area.

## Related profiles

- [Brooke Private Equity Associates](https://altss.com/profile/brooke-private-equity-associates)
- [Laborers' District Council Construction Industry Pension Fund](https://altss.com/profile/laborers-district-council-construction-industry-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/steamfitters-local-602

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