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I.A.T.S.E. Local 16 Pension Plan
The I.A.T.S.E. Local 16 Pension Plan serves the retirement needs of stage employees represented by the International Alliance of Theatrical Stage Employees...
I.A.T.S.E. Local 16 Pension Plan
The I.A.T.S.E. Local 16 Pension Plan serves the retirement needs of stage employees represented by the International Alliance of Theatrical Stage Employees (I.A.T.S.E.) in Northern California. Founded by the local union, the plan is a Taft-Hartley multi-employer fund — its trustees are drawn equally from I.A.T.S.E. Local 16 and contributing employers, a structure designed to balance labor and management interests in every investment decision. President Jim Beaumonte leads the board. Employer contributors include premier cultural institutions: the San Francisco Symphony, San Francisco Opera Association, and San Francisco Ballet Association. The plan's investment strategy centers on private equity buyouts. Rather than chasing venture-stage exposure or direct co-investments, the trustees have built a portfolio tilted toward the buyout asset class, a posture consistent with the liability-driven approach typical of mature union pension funds. While precise allocations are not publicly disclosed, the reported strategy and peer Taft-Hartley norms suggest commitments to mid-market and large-cap buyout funds alongside a diversified public-markets sleeve. The portfolio is domiciled entirely within the United States, with no signaled international or emerging-market carve-outs. The plan's scale and team size are not publicly documented. Its operational footprint remains in San Francisco, with no additional offices. Adjacent trust structures — such as a health and welfare fund or an annuity plan — are common within I.A.T.S.E. locals but for this plan none are confirmed as active investment vehicles. The sole verifiable governance event in the current record is Jim Beaumonte's presidency of the board, a role he continues to hold. Its structural differentiator is baked into governance rather than asset selection. Taft-Hartley plans require equal board representation from labor and management, meaning this fund's investment policy is shaped by two sets of fiduciaries with occasionally divergent institutional priorities. The umbrella of I.A.T.S.E. — a parent organization that represents over 160,000 workers across entertainment — provides a broader labor network but does not dictate local investment policy, preserving the San Francisco board's discretion over asset-manager selection and commitment pacing.
General information
Firm type
Pension Fund
Year founded
1967
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Jim Beaumonte
President, Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at the I.A.T.S.E. Local 16 Pension Plan?
The Board of Trustees holds fiduciary authority over all investment policy and manager selection. The board is co-chaired by union and management representatives, with Jim Beaumonte serving as President as of the most recent public record. The board typically retains an investment consultant to advise on asset allocation and fund commitments, though the consultant's identity is not publicly disclosed.
How is the I.A.T.S.E. Local 16 Pension Plan structured?
It is a Taft-Hartley multi-employer pension plan. This structure mandates that the board be composed of equal numbers of trustees appointed by I.A.T.S.E. Local 16 and by the contributing employers — which include the San Francisco Symphony, Opera, and Ballet. This shared governance differentiates it from a single-sponsor corporate pension plan and requires consensus between labor and management for investment decisions.
Does the plan invest directly or through funds?
Based on its reported buyout-focused strategy, the plan commits capital through limited-partner interests in private equity funds rather than pursuing direct co-investments or holding company platforms. This fund-of-funds or direct-commitment model is typical for Taft-Hartley plans of its size, relying on third-party general partners to source and execute transactions.
Which employers contribute to the I.A.T.S.E. Local 16 Pension Plan?
Contributing employers are bound by collective bargaining agreements with the union. Named contributors include major San Francisco cultural institutions: the San Francisco Symphony, the San Francisco Opera Association, and the San Francisco Ballet Association. These employers remit contributions based on covered stagehand work hours, which fund both current retiree benefits and the plan's investment portfolio.
Is the I.A.T.S.E. Local 16 Pension Plan a single-family office?
No. It is a union-sponsored, defined-benefit pension plan operating under federal ERISA and Taft-Hartley rules. Its sole purpose is to provide retirement benefits to rank-and-file stage employees, not to manage the private wealth of an individual or single family.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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