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I.A.T.S.E. Local 16 Pension Plan
The I.A.T.S.E. Local 16 Pension Plan is a union-sponsored defined-benefit pension fund headquartered in San Francisco.
I.A.T.S.E. Local 16 Pension Plan
The I.A.T.S.E. Local 16 Pension Plan is a union-sponsored defined-benefit pension fund headquartered in San Francisco. It was established by the International Alliance of Theatrical Stage Employees (I.A.T.S.E.) Local 16, the labor union representing stagehands and technicians in the Bay Area's performing arts sector. The plan's board of trustees, led by President Jim Beaumonte, oversees contributions from both union members and participating employers, including the San Francisco Symphony, San Francisco Opera Association, and San Francisco Ballet Association. The plan's investment strategy centers on private equity, particularly buyout funds, according to public records of its asset allocation. It also maintains a diversified portfolio that includes infrastructure, real estate, and hedge funds — typical for a mid-sized US union pension fund seeking yield and long-term capital appreciation. The geographic focus is primarily the United States, though specific portfolio companies or co-investment partners are not publicly disclosed. No total AUM or annual deployment figures are available from public sources. The plan's professional staff size and investment team details are not publicly disclosed. It does not operate adjacent vehicles such as a foundation or separate real-asset arm, and there is no record of recent fundraising or major mandate changes in the last 24 months. Structurally, the I.A.T.S.E. Local 16 Pension Plan is a conventional Taft-Hartley multi-employer plan, governed by a joint board of union and employer trustees. Its liability-driven mandate — funding retirement for a unionized workforce in a cyclical industry — shapes its conservative-to-moderate risk posture, with a focus on buyout commitments that align with long-duration, cash-flow-oriented strategies.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Jim Beaumonte
President of the Board of Trustees
Sector focus
Frequently asked questions
Who runs the investment decisions at the I.A.T.S.E. Local 16 Pension Plan?
Jim Beaumonte serves as President of the Board of Trustees, overseeing investment and fiduciary decisions for the plan. The board includes both union and employer representatives, reflecting the Taft-Hartley structure of the fund (public record).
What is the plan's primary investment strategy?
The plan allocates primarily to buyout private equity funds, with additional exposure to infrastructure, real estate, and hedge funds, according to publicly available allocation data. The strategy targets long-term capital appreciation to meet defined-benefit obligations for stage employee retirees.
Which employers contribute to the plan?
Contributing employers include the San Francisco Symphony, San Francisco Opera Association, and San Francisco Ballet Association. These organizations, along with I.A.T.S.E. Local 16 union members, fund the pension plan through negotiated collective bargaining agreements.
Is the plan open to co-investments or fund commitments from external GPs?
The plan's allocation to buyout funds suggests it commits to private equity partnerships, though no specific co-investment or direct deal activity is publicly documented. It likely participates in fund commitments through standard limited partner relationships with private equity firms.
Has the plan disclosed its total assets under management?
No. The I.A.T.S.E. Local 16 Pension Plan has not publicly reported its total AUM or annual deployment figures. As a Taft-Hartley plan, it may file Form 5500 with the US Department of Labor, which provides some financial data but not always current market valuation.
Where is the plan headquartered and what is its geographic focus?
The plan is based in San Francisco, California, with a primary geographic focus on the United States. Its investment portfolio is diversified across US markets, consistent with its liability profile covering union workers in the Bay Area performing arts industry.
How does the plan's governance structure differ from a corporate pension?
The I.A.T.S.E. Local 16 Pension Plan is a Taft-Hartley multi-employer plan, governed by a joint board of union and employer trustees. This structure gives both labor and management representation in investment decisions, distinguishing it from single-employer corporate pension funds.
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