City of Irving Supplemental Benefit Plan

The plan is governed by a board chaired by Andrew Bah, with Ebony Roundtree as Vice Chair and Bret Starr serving as CFO. Investment decisions are made collectively by this board, which includes city financial and human resources leadership. The board oversees both the plan's relationship with the Texas Municipal Retirement System and its separate Alternative Asset Portfolio. No Chief Investment Officer or dedicated investment staff titles appear in public records.

The Supplemental Benefit Plan covers City of Irving employees who are also members of TMRS. TMRS provides the core retirement benefits, while the Irving plan operates as a supplemental layer — a separate locally controlled pool that the city's board manages independently. This structure allows Irving to allocate capital to alternative assets that may fall outside TMRS's central investment policy. The plan reports to the Texas Pension Review Board alongside TMRS.

The plan's strategy tags include buyout, early-stage venture, growth equity, secondaries, special situations, and timber. It also commits to fund-of-funds structures and pursues co-investment and hybrid opportunities. This spans seed-stage venture through mature private equity buyouts — a broad mandate for a plan of its size. Real assets exposure includes timberland, consistent with long-duration liability matching for a defined benefit plan.

The plan's strategy includes direct co-investments alongside fund commitments and fund-of-funds allocations. The hybrid tag in its investment policy indicates a mix of primary fund commitments, co-investment sleeves, and potentially direct operating-company exposure. Specific portfolio company names or GP relationships have not been disclosed publicly. The plan's Alternative Asset Portfolio vehicle likely houses these private-market exposures.

Co-investment is explicitly tagged in the plan's strategy set, suggesting the board actively evaluates direct side-by-side opportunities with its fund managers. This is common among Texas public plans seeking fee savings and concentrated exposure. No specific co-investment partners or deal-level details have been made public. The plan's small scale relative to state peers means co-investments likely involve lower check sizes and selective GP relationships.

The plan operates under the oversight of the Texas Pension Review Board, which monitors public pension plans across the state for actuarial soundness and governance standards. As a municipal plan within the TMRS ecosystem, it follows state-mandated reporting and funding requirements. The plan does not maintain its own public website or investor portal — information flows through City of Irving financial reporting channels. Detailed portfolio holdings are not publicly available.

No current funded ratio or actuarial valuation has been made publicly available through standard reporting channels. As a TMRS-affiliated supplemental plan, its liabilities are layered on top of the base TMRS benefits. The plan's $116 million estimated asset base (Altss estimate) covers municipal and police employee supplemental benefits for a city of approximately 250,000 residents. Texas municipal plans generally maintain strong funding discipline relative to national peers, but plan-specific data has not been disclosed.