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IATSE Local 720
IATSE Local 720 was founded as the Las Vegas affiliate of the International Alliance of Theatrical Stage Employees (IATSE), the parent international union...
IATSE Local 720
IATSE Local 720 was founded as the Las Vegas affiliate of the International Alliance of Theatrical Stage Employees (IATSE), the parent international union representing entertainment workers across the US and Canada. Phil Jaynes serves as the local's President and Marielle 'Apple' Thorne as Business Representative and IATSE International Vice President, overseeing labor relations with major Las Vegas employers including Sphere Entertainment Co. and Caesars Entertainment (per public record). The local's pension strategy is implemented through the Nevada Resort Association IATSE Local 720 Retirement Plan, a multi-employer defined-benefit trust fund. The plan's asset allocation is diversified across multiple asset classes—public equities, fixed income, and alternative investments—consistent with typical Taft-Hartley pension fund structures. The fund also manages the NRA-IATSE Local 720 Training Trust Assets and NRA-IATSE Local 720 Wage Disability Trust Assets, supporting workforce development and member welfare. Geographic exposure is concentrated in Las Vegas, where the union represents stagehands, riggers, and technicians for shows, conventions, and arena events. The local's combined trust assets and retirement plan size are undisclosed. The union maintains two commercial properties in Las Vegas: the IATSE Local 720 Union Hall at 3000 South Valley View Blvd and the NRA-IATSE Local 720 Training Center at 2250 S Rancho Drive. Through its affiliation with the AFL-CIO and membership in the Entertainment Services and Technology Association (ESTA), the local participates in national labor advocacy. No recent dated operational event is publicly available. The structural differentiator of this pension fund is its multi-employer joint-trust framework: the Nevada Resort Association co-administers the retirement plan alongside the union, creating a shared governance model rarely seen in corporate or public pension funds. This structure aligns employer contributions with worker benefits, reducing fiduciary risk and ensuring plan solvency through collective bargaining agreements.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Las Vegas
Corporate office
Las Vegas, NV, United States
Principals
Phil Jaynes
President
Marielle 'Apple' Thorne
Business Representative and IATSE International Vice President
Sector focus
Frequently asked questions
Who runs investment decisions at IATSE Local 720?
Investment decisions for the Nevada Resort Association IATSE Local 720 Retirement Plan are governed by a joint board of trustees representing the union and the Nevada Resort Association. Phil Jaynes, President of Local 720, is the named union leader but the plan's fiduciary structure is multi-employer, meaning employer and labor representatives share authority over asset allocation, manager selection, and benefit design (per public record).
How does the pension fund source proprietary deal flow?
The plan does not operate as a proprietary deal originator. Its portfolio is primarily managed through external asset managers selected by the joint board, consistent with Taft-Hartley pension fund practice. The union's training trust and disability trust are also separately managed but likely follow similar institutional mandates.
Is IATSE Local 720 structured as a single family office or a pension fund?
IATSE Local 720 is a labor union local, not a family office. Its pension fund is a multi-employer defined-benefit plan under the Taft-Hartley Act, jointly administered by the union and employer association. The retirement plan's governance, investment strategy, and regulatory framework differ fundamentally from family office or asset manager structures.
What investment stages does the pension fund typically target?
The retirement plan's investment strategy is not publicly detailed per stage. As a multi-employer pension fund, it likely invests across liquid public markets (equities, fixed income) and may allocate to private equity, real estate, and hedge funds through external managers. Stage preferences—venture, growth, buyout—are not disclosed.
Which sectors does the fund explicitly avoid?
No publicly available investment policy statement for the retirement plan lists prohibited sectors. Given the union's representation of stagehands and entertainment workers, the fund may avoid investments perceived as hostile to labor rights, but this is conjectural. The fund's ESG or negative screening criteria, if any, are not a matter of public record.
How is IATSE Local 720 related to the parent IATSE union?
IATSE Local 720 is a chartered local of the International Alliance of Theatrical Stage Employees (IATSE), the international union representing roughly 170,000 entertainment workers. The local operates autonomously in Las Vegas but submits to IATSE's international constitution and pays per-capita dues. The parent union does not control the local's pension plan governance, which is joint with the Nevada Resort Association.
What philanthropic structures does the union maintain?
IATSE Local 720 does not operate a separate philanthropic foundation. Its charitable activities are channeled through the NRA-IATSE Local 720 Training Trust (which funds workforce training) and the Wage Disability Trust (which provides benefits to injured members). The union also participates in local community initiatives through its affiliation with the AFL-CIO and the A. Philip Randolph Institute Las Vegas chapter.
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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