Updated:
Ventura County Employees' Retirement Association
The Ventura County Employees' Retirement Association was established in 1947 to administer retirement benefits for employees of Ventura County and...
Ventura County Employees' Retirement Association
The Ventura County Employees' Retirement Association was established in 1947 to administer retirement benefits for employees of Ventura County and participating districts. Amy Herron leads day-to-day operations as Retirement Administrator while Dan Gallagher directs the investment program. The plan targets an 18 percent allocation to private equity and maintains positions in real estate through direct holdings and funds. Confirmed commitments include Summit Growth Equity XII via Summit Partners, Arbour Lane Credit Opportunities IV, Crayhill Principal Strategies Fund III, Cross Ocean European Special Situations Fund V and Drive Capital Overdrive Fund III. Additional real estate exposure runs through PRISA, UBS Trumbull Property Fund, LaSalle Property Fund and Alterra IOS. Geographic reach centers on the United States with selected European and global secondaries exposure. The organization employs 25 staff and reports $8.6 billion in assets. It retains NEPC as general investment consultant, State Street Bank as custodian and Segal Consulting as actuary. VCERA participates in SACRS and CALAPRS conferences, including the SACRS Spring Conference 2024 in Santa Barbara and the SACRS Fall Conference 2024 in Monterey. Governance rests with an elected Board of Retirement chaired by Aaron Grass, supported by General Counsel Lori Nemiroff. Investment decisions flow through a combination of discretionary mandates to Abbott Capital Management and Adams Street Partners alongside direct fund commitments.
General information
Firm type
Public Pension Fund
Year founded
1947
AUM
8594 (Altss estimate)
Location
Region
North America
Country
United States
City
Ventura
Corporate office
1190 S. Victoria Avenue, Suite 200, Ventura, CA, United States
Principals
Amy Herron
Retirement Administrator
Dan Gallagher
Chief Investment Officer
Aaron Grass
Board Chair
Lori Nemiroff
General Counsel
Sector focus
Frequently asked questions
Who runs investment decisions at Ventura County Employees' Retirement Association?
Dan Gallagher serves as Chief Investment Officer and oversees the $8.6 billion portfolio. The Board of Retirement, chaired by Aaron Grass, sets policy with support from General Counsel Lori Nemiroff.
Does Ventura County Employees' Retirement Association participate in fund commitments or only direct deals?
The plan makes fund commitments through vehicles such as Summit Growth Equity XII, Arbour Lane Credit Opportunities IV and Pantheon Global Secondary Fund VI. It also uses discretionary mandates with Abbott Capital Management and Adams Street Partners.
What asset classes receive the largest allocations at Ventura County Employees' Retirement Association?
Private equity holds an 18.71 percent current allocation against an 18 percent target. Real estate exposure appears through PRISA, UBS Trumbull Property Fund and LaSalle Property Fund. Additional sleeves cover infrastructure, private credit and public equities.
Which service providers support Ventura County Employees' Retirement Association operations?
NEPC acts as general investment consultant since 2010. State Street Bank serves as master custodian. Segal Consulting provides actuarial services and Brown Armstrong performs the financial audit.
Where does Ventura County Employees' Retirement Association source deal flow for private investments?
Commitments route through established managers including Summit Partners, Crayhill Capital Management, Cross Ocean Partners and Drive Capital. The plan also participates in secondaries via Pantheon and HarbourVest funds.
What professional associations does Ventura County Employees' Retirement Association maintain?
The organization belongs to SACRS, CALAPRS, NCPERS, GFOA and CRCEA. Staff attend SACRS Spring and Fall conferences for trustee education and legislative updates.
How is the Ventura County Employees' Retirement Association governed?
An elected Board of Retirement sets investment policy. Amy Herron serves as Retirement Administrator. The County of Ventura acts as primary plan sponsor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: