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IATSE Local 33 Pension Trust Fund
IATSE Local 33 Pension Trust Fund was established as a union pension fund under the Taft-Hartley Act, providing retirement benefits for stage technicians...
IATSE Local 33 Pension Trust Fund
IATSE Local 33 Pension Trust Fund was established as a union pension fund under the Taft-Hartley Act, providing retirement benefits for stage technicians and craftspeople in the Los Angeles area. The fund is governed by a board of trustees representing both labor and management, reflecting its structure as a collectively bargained multi-employer plan. Fund principals include Kyle Beebe as President of IATSE Local 33 and Abraham Montes as Financial Secretary and Treasurer. The fund's investment strategy is weighted toward private markets, with a stated focus on secondaries, private credit, infrastructure, and real estate. It does not publish a public investment policy or asset allocation breakdown, but public filings indicate the fund has made commitments to private equity secondaries vehicles. The geographic focus is primarily domestic, with exposure to US-based assets through fund investments. The fund operates out of Los Angeles with additional office space in Burbank, where IATSE Local 33 maintains its headquarters and training center. It maintains relationships with the broader AFL-CIO network and the Los Angeles County Federation of Labor. In recent years, the fund has been involved in litigation related to benefit administration, but no material investment-related events have been publicly disclosed (per public record). The fund's structural differentiator is its status as a Taft-Hartley multi-employer pension plan, which creates a distinct governance framework compared to corporate or public sector pension funds. Trustees include both union and employer representatives, and the fund operates under federal ERISA standards. This structure limits direct control for any single stakeholder and shapes the fund's conservative, fiduciary-driven investment posture.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Additional offices
Burbank, CA, United States
Principals
Kyle Beebe
President, IATSE Local 33
Abraham Montes
Financial Secretary and Treasurer
Sector focus
Frequently asked questions
Who governs the IATSE Local 33 Pension Trust Fund?
The fund is governed by a board of trustees representing both labor (IATSE Local 33) and management (employers party to collective bargaining agreements). The fund operates as a Taft-Hartley multi-employer plan under ERISA, with trustees jointly responsible for fiduciary oversight. Kyle Beebe serves as President of the local union, and Abraham Montes is Financial Secretary and Treasurer.
What investment strategy does the fund pursue?
Per public descriptions, the fund allocates to private markets, including secondaries, private credit, infrastructure, and real estate. It does not publicly disclose target allocations or asset-liability modeling details. The fund's portfolio is managed through external investment managers, consistent with typical Taft-Hartley fund practice (per public record).
Does the fund invest directly in companies or funds?
The fund primarily invests through fund commitments, with a noted focus on secondaries — buying existing private equity fund stakes from other investors. Direct investments are not typical for a fund of this size and structure. The fund does not publicly list its portfolio companies.
What is the fund's geographic investment focus?
The fund's investments are primarily domestic, with exposure to US-based private market funds and assets. While some funds in which it invests may have international exposure, the fund's stated focus is within the United States. The fund's operations and beneficiary base are concentrated in Southern California.
Is the fund related to the broader IATSE international union?
Yes. IATSE Local 33 is a constituent local of the International Alliance of Theatrical Stage Employees, which represents over 150,000 technicians and craftspersons in entertainment. The pension fund is a separate legal entity administered under collective bargaining agreements, but maintains ties to the international union for coordination on benefits and legislation (per public record).
What is the fund's position on co-investments?
Public records do not indicate that the fund participates in co-investments alongside general partners. Its investment model appears to rely on fund commitments rather than direct or co-investment strategies. This is consistent with many multi-employer pension funds of comparable scale.
Does the fund maintain philanthropic or charitable structures?
The Walsh DiTolla Spivak Foundation is a separate charitable entity associated with IATSE Local 33. It supports labor and entertainment community causes. The pension fund and the foundation are distinct organizations with separate governance and funding sources.
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