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United Scenic Artists
The United Scenic Artists Local 829 Pension Fund was founded in 1963 to serve members of the union local representing scenic artists, designers, and exhibition...
United Scenic Artists
The United Scenic Artists Local 829 Pension Fund was founded in 1963 to serve members of the union local representing scenic artists, designers, and exhibition employees. Edward Pierce leads the fund as president, with trustees drawn from union leadership and contributing employers. The plan invests in commingled equity and fixed-income funds, private equity and hedge fund vehicles, and indirect real estate exposure through vehicles such as American Core Realty Fund. It holds a 4.73 percent allocation to private equity. Geographic reach centers on the United States with additional commitments to global private markets strategies. The fund also received a Special Financial Assistance grant from the PBGC in recent years to maintain solvency through 2051. Assets total $486 million according to the most recent actuarial valuation. The fund is administered by Benefit Plans, Inc. following a transition from Zenith American Solutions in 2025. It maintains service relationships with Segal Marco Advisors for investment consulting and Schultheis & Panettieri for audit services. The fund operates as an affiliate of IATSE and participates in industry bargaining through relationships with the Alliance of Motion Picture and Television Producers and the League of Resident Theatres.
General information
Firm type
Multi Family Office
Year founded
1963
Location
Region
North America
Country
United States
City
Englewood Cliffs
Corporate office
140 Sylvan Avenue Suite 303, Englewood Cliffs, NJ, United States
Principals
Edward Pierce
President
Carl Mulert
National Business Agent and Trustee
John Kerrigan
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at United Scenic Artists Local 829 Pension Fund?
Edward Pierce serves as president. Trustees include Carl Mulert and John Kerrigan. Segal Marco Advisors provides ongoing investment advisory services.
What asset classes does the fund allocate to?
The fund holds positions in commingled equity and fixed-income vehicles, private equity, hedge funds, and real estate through American Core Realty Fund.
How is the fund governed relative to its sponsoring union?
It functions as a multiemployer plan affiliated with IATSE Local 829. Contributing employers include major producers and regional theaters that participate in collective bargaining.
Does the fund receive external financial support?
The Pension Benefit Guaranty Corporation approved Special Financial Assistance to keep the plan solvent through 2051.
Which service providers support fund operations?
Benefit Plans, Inc. acts as third-party administrator. Segal serves as actuary. Cohen, Weiss and Simon LLP provides legal counsel.
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