# Irving Firemen's Relief & Retirement Fund

Irving Firemen's Relief & Retirement Fund is a Pension Fund based in Irving, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Irving, United States
- **Region:** North America
- **Address:** 845 W. Irving Blvd., Irving, TX, United States
- **Founded:** 1945
- **Assets under management:** 265 (Altss estimate)
- **Website:** ci.irving.tx.us

## Regulatory record

- **Reports private funds:** No

## About

The fund was established in 1945 to manage retirement assets for the City of Irving's fire personnel, operating under the Texas Local Fire Fighter Retirement Act. It serves active, inactive, and annuitant members of the Irving Professional Fire Fighters Association. The Board of Trustees oversees governance, with Bret W. Starr serving as Trustee and CFO of the sponsoring municipality, and Jacob Rives as Treasurer. Asset strategy centers on direct real estate, a departure from standard public-pension fund-of-funds models. Known co-investments include IM Multifamily I, LLC, a residential venture in Texas alongside the Midland Firemen's Relief & Retirement Fund, and a position in the Principal U.S. Property Fund, a commercial real estate vehicle. The fund participates in the Texas Association of Public Employee Retirement Systems and the National Conference on Public Employee Retirement Systems, signaling engagement with peer-group governance practices. Team size and total deployment figures are not publicly disclosed. No recent operational events were verifiable within the last 24 months. Most municipal pension plans outsource asset management to large consultants. Irving Firemen's Relief & Retirement Fund instead co-invests directly with another firefighter pension system — Midland's — bypassing commingled fund intermediaries for a more direct, joint-venture approach to property exposure.

## Sectors

- Real Estate
- Private Credit

## People

- David Florance — Chairman of the Board of Trustees
- Jacob Rives — Treasurer and Trustee
- Bret W. Starr — Trustee and Chief Financial Officer of the City of Irving

## Questions

### Who governs investment decisions at the Irving Firemen's Relief & Retirement Fund?

A Board of Trustees oversees the fund, with David Florance serving as chairman. The board operates under the Texas Local Fire Fighter Retirement Act and includes city financial officers.

### What asset classes does the fund hold?

Confirmed holdings include residential real estate through IM Multifamily I, LLC, core commercial real estate via the Principal U.S. Property Fund, and private credit through PennantPark Credit Opportunities Fund IV.

### Does the fund participate in conferences or industry associations?

The fund maintains memberships in TEXPERS and NCPERS. It attended the TEXPERS Annual Conference in Austin in April 2024.

### Who are the fund's current service providers?

Mariner Wealth Advisors has acted as investment consultant since 2024. Additional providers include Foster and Foster as actuary and multiple law firms for legal counsel.

### How is the fund related to the City of Irving?

The City of Irving serves as the sponsoring municipality and employer. Bret W. Starr, the city's Chief Financial Officer, sits on the board as a trustee.

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

Canonical page: https://altss.com/profile/irving-firemen-s-relief-retirement-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology