Treasurers and Ticket Sellers Union Local 751 I.A.T.S.E.

Investment oversight rests with the Board of Trustees, whose membership is drawn from the union's elected leadership. Lawrence Paone, the union president, sits on the board alongside fellow trustees Suzanne Abbott, Sean Lynch, and Valerio LaMorte. Day-to-day investment management is handled by external fund managers, consistent with the plan's limited-partner posture across private equity and co-investment strategies.

As a limited partner, the fund accesses private markets through commitments to external general partners, including buyout, growth-equity, venture, and secondaries funds. It does not originate direct deals but participates in co-investment opportunities offered by its GPs. The fund does not publicly disclose its manager roster.

It is a multiemployer Taft-Hartley defined-benefit plan funded by contributions from entertainment-industry employers under collective-bargaining agreements. The most significant contributing entities include Madison Square Garden Entertainment Corp. and the Broadway League, which represents a consortium of Broadway theater owners and producers.

The fund's stated strategy spans private equity buyout, venture capital, growth equity, special situations, and secondaries, plus commitments to funds of funds and co-investment vehicles. Public filings or disclosures confirming allocations to public equities, fixed income, or real assets are not available, so the full asset-class mix beyond private markets remains opaque to external observers.

The fund participates across multiple stages: buyout, growth, venture (generalist), secondaries, and special situations. Its co-investment activity follows the stage focus of the GPs to which it has committed, though the specific stage-weighting of the portfolio is not publicly reported.

Local 751 is a constituent local of the International Alliance of Theatrical Stage Employees (IATSE), the parent labor organization representing behind-the-scenes entertainment workers across the United States and Canada. The pension fund was established under the local's jurisdiction and operates independently as a multiemployer trust, not directly as an IATSE international plan.

Local 751 itself is a labor union, not a foundation, but it maintains philanthropic affiliations with Broadway Cares/Equity Fights AIDS and The Actors Fund. These organizations are separate entities; the pension fund's assets are used exclusively to provide retirement benefits to eligible participants and are not diverted to charitable activities.