# Steamfitters UA449 Pittsburgh

Steamfitters UA449 Pittsburgh is a Pension Fund based in Harmony, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Harmony, United States
- **Region:** North America
- **Address:** 232 Wise Road Suite 200, Harmony, PA 16037, United States
- **Founded:** 1913
- **Assets under management:** 427 (Altss estimate)
- **Website:** ua449.com
- **LinkedIn:** https://www.linkedin.com/company/steamfitters449

## Regulatory record

- **Reports private funds:** No

## About

Steamfitters Local 449 was established in 1913. Kenneth Broadbent acts as Business Manager and trustee. The plan provides retirement, disability, and death benefits to members in the Greater Pittsburgh region. The plan allocates to private equity through commitments to Hamilton Lane, GCM Grosvenor, iNetworks Advisors, and Nordic Capital. It also maintains long equity positions in issuers including Dell Technologies, Okta, KKR, and Expedia Group. Geographic exposure centers on North America with additional holdings tied to European managers. Real assets include the 75,000-square-foot Steamfitters Technology Center and the Pittsburgh Event Center, both held directly. The plan reports 427 million dollars in assets. It operates additional facilities including the Erie Satellite Office and a dedicated medical clinic. Adjacent vehicles include the Steamfitters Local 449 Scholarship Fund and the Joint Apprenticeship and Training Committee, established in 1962. April 2024: Attended the Berkeley Forum on Corporate Governance. The plan maintains an active litigation posture as lead plaintiff in multiple securities class actions, including matters involving Dell Technologies and KKR. This approach supplements standard pension investment activity with direct legal oversight of portfolio companies.

## Sectors

- Private Equity
- Public Equity

## Offices

- Erie, PA, United States

## People

- Kenneth Broadbent — Business Manager

## Questions

### Who runs investment decisions at Steamfitters UA449 Pittsburgh?

Kenneth Broadbent serves as Business Manager and trustee with oversight of the pension plan. The plan also retains Hamilton Lane as investment advisor.

### Does Steamfitters UA449 Pittsburgh participate in fund commitments or only direct deals?

The plan makes fund commitments to private equity managers including Hamilton Lane, GCM Grosvenor, and Nordic Capital. It does not disclose a direct deal program.

### What investment stages does Steamfitters UA449 Pittsburgh typically target?

The plan targets buyout, growth, secondaries, and venture strategies through its fund commitments. No stage restrictions are published.

### How is Steamfitters UA449 Pittsburgh related to United Association of Plumbers and Pipefitters?

Steamfitters Local 449 is an affiliated local of the United Association, the parent international union organization.

### What is Steamfitters UA449 Pittsburgh's known posture on co-investments alongside external GPs?

No co-investment activity is disclosed. The plan's private equity exposure occurs through fund commitments.

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- [Rochester Area Community Foundation](https://altss.com/profile/rochester-area-community-foundation)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/steamfitters-ua449-pittsburgh

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology