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Votes at a glance: HarborVest extension, IR&M guideline change, tax regulations, legal contract renewal, delegates and disability ruling
Summary
At its Sept. 17 meeting, the Imperial County Employees' Retirement System Board of Retirement approved manager and administrative motions including a HarborVest extension request, a guideline change for IR&M, updated tax regulations, renewal of the legal contract with Olson Remcho (one dissent), appointment of conference delegates and a closed‑session approval of a service‑connected disability application.
The Imperial County Employees' Retirement System Board of Retirement recorded a set of formal actions on Sept. 17, 2025. Below are each item the board voted on during the meeting and the stated outcomes.
HarborVest International Private Equity Fund 6: extension request (tab 3) Motion: Approve HarborVest's request to extend the fund life by one year (no management fee) to allow an orderly liquidation of remaining portfolio holdings. Mover/Second: Motion by David H. Prince; second by "Norah" (board transcript name). Outcome: Approved. The board agreed the extension would avoid a forced liquidation and delegated the decision to members. (Recorded motion at the meeting; board instructed staff to record and implement the extension.)
IR&M (core bond manager) guideline change: average…
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