# IATSE Local 33

IATSE Local 33 is a Pension Fund based in Burbank, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Burbank, United States
- **Region:** North America
- **Address:** 1720 W. Magnolia Blvd, Burbank, CA 91506, United States
- **Assets under management:** Undisclosed
- **Website:** iatse33.org
- **LinkedIn:** https://www.linkedin.com/company/international-alliance-of-theatrical-stage-employees-local-33

## Regulatory record

- **Reports private funds:** No

## About

IATSE Local 33 represents behind-the-scenes entertainment professionals in the Burbank area, operating as a chartered affiliate of the International Alliance of Theatrical Stage Employees (IATSE) and, through it, the AFL-CIO. The local was established to serve technicians and craftspeople in one of the densest media production corridors in the United States. Alongside the Los Angeles County Federation of Labor, the local participates in regional labor advocacy. Its headquarters and training center on West Magnolia Boulevard also houses IATSE Local 728, a collaborative arrangement that consolidates union resources for studio mechanics in the same geography. The pension trust fund — administered from a separate office on Wilshire Boulevard in Los Angeles — targets private equity secondaries, a niche within the union pension ecosystem. Its specific allocations, fund relationships, and external advisors are not publicly detailed, limiting visibility into the trust's pacing and vintage exposure. The local's operational footprint includes the pension trust fund, union assets held in Burbank, and a separate health and welfare trust fund, the latter providing medical and ancillary benefits to active members and retirees. Kyle Beebe serves as president, while Abraham Montes acts as financial secretary and treasurer — a dual-officer structure common in union governance that separates executive leadership from the fiduciary administration of benefit funds. The Walsh DiTolla Spivak Foundation, a related philanthropic entity, provides a charitable extension of the local's community engagement. What distinguishes Local 33 from other Taft-Hartley plans is the narrowness of its secondary-market strategy. While large union plans like those of the Operating Engineers or the UAW invest across a diversified portfolio of primary funds, co-investments, and direct real assets, Local 33 appears structured to seek exposure through purchased partnership stakes, potentially shortening the J-curve and giving the plan flexibility to adjust commitments based on participant demographics and the seasonal employment patterns in entertainment.

## Sectors

- Secondaries & Special Situations

## Offices

- 1200 Wilshire Blvd, 5th Floor, Los Angeles, CA 90017

## People

- Kyle Beebe — President
- Abraham Montes — Financial Secretary and Treasurer

## Questions

### How is the IATSE Local 33 pension fund separated from the union's operating activities?

The pension trust fund is legally separate from the union local, administered from a distinct office at 1200 Wilshire Boulevard in Los Angeles rather than the union's Burbank headquarters. The trust operates under Employee Retirement Income Security Act (ERISA) fiduciary standards and is overseen by trustees with joint union-management representation, a firewall structure standard across multi-employer plans.

### Which employers contribute to IATSE Local 33's benefit plans?

Contributing employers include live event venues, theatrical production companies, and entertainment studios with collective bargaining agreements covering Local 33's jurisdiction in the Burbank area. The local's membership works in live theater, concert touring, trade shows, and scripted television production, so employers span across venue operators, touring companies, and major studios with production operations in greater Los Angeles.

### How does the seasonal nature of entertainment employment affect the pension fund's liquidity needs?

Entertainment industry employment is project-based, creating irregular contribution streams. A secondary-market investment strategy can partially mitigate this by allowing the fund to purchase seasoned partnership interests closer to realization, reducing the duration of capital lock-up compared to primary fund commitments. This structural fit has not been explicitly confirmed by the fund's trustees, but aligns with the observed strategy.

## Related profiles

- [Insulators and Allied Workers Local Union #23](https://altss.com/profile/insulators-and-allied-workers-local-union-23)
- [IATSE Local 720](https://altss.com/profile/international-alliance-of-theatrical-stage-employees-local-720)

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Last updated: 2026-08-11T02:43:31.692Z

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