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Imperial County Employees' Retirement System
Imperial County Employees' Retirement System was founded in 1951 to deliver lifetime pension benefits to qualified county employees and their beneficiaries.
Imperial County Employees' Retirement System
Imperial County Employees' Retirement System was founded in 1951 to deliver lifetime pension benefits to qualified county employees and their beneficiaries. Scott W. Jarvis leads day-to-day operations as Retirement Administrator, supported by a board chaired by Carl Armstrong. The system allocates across multiple asset classes. Private equity exposure includes commitments to HarbourVest Global Fund 2023 and Lone Star Fund XI. Real estate holdings encompass positions in ASB-Allegiance Real Estate Fund and Clarion Lion Properties Fund. Fixed income mandates are managed by BlackRock, MacKay Shields, and Tortoise Capital. Geographic reach centers on the United States with additional exposure through international equity and global private credit vehicles. Ticket sizes for private market commitments typically range from $10 million to $30 million. Total fiduciary net position stood at $1.197 billion as of June 30, 2024. The system retains Verus Advisory as investment consultant and JPMorgan Chase as custodian. It participates in SACRS and CALAPRS professional networks. In May 2024 the staff attended the SACRS Spring Conference to review pension governance and investment strategy. Governance rests with an elected board of retirement that sets asset allocation targets and monitors external managers. The structure separates benefit administration from investment execution through a dedicated retirement administrator and outside advisors.
General information
Firm type
Pension Fund
Year founded
1951
Location
Region
North America
Country
United States
City
El Centro
Corporate office
1221 State Street, El Centro, CA 92243, United States
Principals
Scott W. Jarvis
Retirement Administrator
Angie Aguilera
Assistant Retirement Administrator and Financial Officer
Carl Armstrong
Chair of the Board of Retirement
Jose Landeros
Vice Chair of the Board of Retirement
Sector focus
Frequently asked questions
Who runs investment decisions at Imperial County Employees' Retirement System?
Scott W. Jarvis serves as Retirement Administrator. The Board of Retirement, chaired by Carl Armstrong, sets policy and asset allocation targets.
Does Imperial County Employees' Retirement System participate in fund commitments or only direct deals?
The system commits to commingled funds and limited partnerships. Confirmed holdings include HarbourVest Global Fund 2023 and multiple private credit vehicles.
What asset classes does Imperial County Employees' Retirement System target?
Allocations include private equity, real estate, fixed income, and commodities exposure. Current private equity allocation stands at 12.01 percent against a 5 percent target.
Which service providers support Imperial County Employees' Retirement System?
Verus Advisory acts as investment consultant. JPMorgan Chase serves as custodian. Segal provides actuarial services and Brown Armstrong performs the annual audit.
Where does Imperial County Employees' Retirement System source investment opportunities?
The system works through its investment consultant and participates in industry conferences such as SACRS events. It also maintains relationships with managers including KKR, Ares, and Audax.
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