Meketa Investment Group

American investment advisory firm

Meketa Investment Group Inc.

Company type| Private
Industry| Financial services
Founded| 1978; 47 years ago (1978)
Founder| James Meketa
Headquarters| Westwood, Massachusetts, U.S.

Key people

* James Meketa (Chairman)
* Stephen McCourt (Co-CEO)
* Peter Woolley (Co-CEO)

Products|

* Investment management
* Alternative investments

AUM| US$35 billion (January 2024)
Total assets| US$2.0trillion (under advisement) (January 2024)

Number of employees

| Approx. 240 (March 2024)
Website| meketa.com
Footnotes / references
[1]

Meketa Investment Group (Meketa) is a US investment management and advisory firm headquartered in Westwood, Massachusetts. The company provides investments in both public and private markets to institutional investors.

## Background

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Meketa was originally founded in 1974 as an investment partnership by James Meketa before it was incorporated under Massachusetts law in 1978 and became registered with the U.S. Securities and Exchange Commission as an investment advisor. James began his career working for the Harvard University endowment. In 1978, the firm was hired by its first pension fund client. Meketa rose to prominence as a purveyor of investment advice to pension funds, financial endowments and foundations.[2][3][4]

In 1994, Meketa started advising clients on investments related to real estate.[5]

In June 2014, Meketa expanded outside the U.S. by opening an office in London to establish a presence in Europe.[6]

In July 2015, James Meketa who had been CEO of the firm stepped down from his position and Stephen McCourt and Peter Woolley would succeed him as Co-CEOs. A Co-CEO structure was chosen due to the firm's geographic breath where McCourt would be based in San Diego while Woolley would be based at the firm's headquarters in Boston. James would take on a new position as Chairman of the board of directors for Meketa where both McCourt and Woolley would report to him. In addition, the board of directors expanded to include additional employees.[5][7]

In January 2019, Meketa announced that it would be merging with Pension Consulting Alliance (PCA), a boutique consulting firm based in Portland, Oregon that similarly to Meketa, also advised pension funds. This came at a time the industry had heightened competition and more pressure on fees. The combined firm would keep the Meketa brand name and have $1.7 trillion in assets under advisement and $11 billion in assets under management.[4][8]

In July 2021, James Meketa stated that there were three factors that investors should consider when investing. An aging baby boomer generation, the emergence of China as an economic superpower and the effects of climate change.[9]

According to Nasdaq in October 2023, Meketa was the most active investment consultant in the first half of 2023 with regards to private market strategies. It came ahead of its peers, Hamilton Lane, Albourne Partners, Aksia and StepStone Group.[10]

In February 2024, Meketa launched a infrastructure fund from its newly created division, Meketa Capital. While Meketa previously focused on institutional investors this fund was aimed at retail investors.[11]

Meketa is entirely employee owned. Throughout the years, it has expanded its ownership to include more employees.[7]

## References

[edit]

1. ^ "Form ADV" (PDF). SEC.
2. ^ "Finalist Profile Summary" (PDF). CalPERS. 2014.
3. ^ Soule, Alexander (May 10, 2012). "Mass. firm to take over management of Connecticut pensions from Aon". Norwalk Hour. Retrieved February 3, 2024.
4. ^ a b Lim, Dawn (January 15, 2019). "Investment Consulting Firms Meketa and Pension Consulting Alliance to Merge". Wall Street Journal.
5. ^ a b Gourntis, Kalliope (June 22, 2015). "Meketa CEO to become chairman". Infrastructure Investor. Retrieved February 3, 2024.
6. ^ Reidy, Chris (June 4, 2014). "Meketa Investment Group is opening a London office". Boston Globe. Retrieved February 3, 2024.
7. ^ a b "Meketa expands staff ownership as part of succession plan". Infrastructure Investor. February 13, 2017. Retrieved February 3, 2024.
8. ^ James, Rod (January 16, 2019). "Advisors Meketa and PCA to merge". Private Equity International. Retrieved February 3, 2024.
9. ^ Singh, Preeti (July 30, 2021). "Meketa Founder Says China, Climate Change and Baby Boomers Will Shape Investment World". Wall Street Journal.
10. ^ "Understanding the consultant landscape in the private markets". Nasdaq. October 27, 2023.
11. ^ Cumming, Chris. "WSJ News Exclusive | Meketa Sets Up an Infrastructure Fund Targeting Ordinary Investors". WSJ. Retrieved February 9, 2024.

* v
* t
* e

Hedge funds

Investment
strategy|

| Arbitrage /
relative value|

* Capital structure arbitrage
* Convertible arbitrage
* Equity market neutral
* Fixed income arbitrage / fixed-income relative-value investing
* Statistical arbitrage
* Volatility arbitrage

|

Event-driven|

* Shareholder activism
* Distressed securities
* Risk arbitrage
* Special situation

Directional|

* Convergence trade
* Commodity trading advisors / managed futures account
* Dedicated short
* Global macro
* Long/short equity
* Trend following

Other|

* Fund of hedge funds / Multi-manager

Trading|

* Algorithmic trading
* Day trading
* High-frequency trading
* Prime brokerage
* Program trading
* Proprietary trading

Related
terms|

| Markets|

* Commodities
* Derivatives
* Equity
* Fixed income
* Foreign exchange
* Money markets
* Structured securities

|

Misc|

* Absolute return
* Arbitrage pricing theory
* Assets under management
* Black–Scholes model (Greeks: delta neutral)
* Capital asset pricing model (alpha / beta / security characteristic line)
* Fundamental analysis
* Hedge
* Securitization
* Short
* Taxation of private equity and hedge funds
* Technical analysis

Investors|

* Vulture funds
* Family offices
* Financial endowments
* Fund of hedge funds
* High-net-worth individual
* Institutional investors
* Insurance companies
* Investment banks
* Merchant banks
* Pension funds
* Sovereign wealth funds

Governance|

* Fund governance
* Standards Board for Alternative Investments
* Managed Funds Association

* Alternative investment management companies
* Hedge funds
* Hedge fund managers
* List of hedge funds

* v
* t
* e

Private equity and venture capital

Investment types|

* Buyout
* Leveraged
* Growth
* Venture
* Mezzanine
* Growth
* Secondaries
* Equity co-investment
* NAV lending

History|

* Early history
* 1980s
* 1990s
* 2000s
* 2010s
* 2020s

Terms and
concepts|

| Buyout|

* Financial sponsor
* Management buyout
* Divisional buyout
* Buy–sell agreement
* Leveraged recapitalization
* Dividend recapitalization

|

Venture|

* Angel investor
* Business incubator
* Post-money valuation
* Pre-money valuation
* SAFE
* Seed money
* Series A round
* Startup company
* Venture capital financing
* Venture debt
* Venture round

Structure|

* Private equity firms and funds
* Limited partnership
* Limited liability company
* Carried interest
* Management fee
* Pledge fund
* Publicly traded private equity
* Business Development Company
* Venture capital trust
* Private investment in public equity (PIPE)
* SPAC

Investors|

* Corporations
* Institutional investors
* Pension funds
* Insurance companies
* Fund of funds
* Endowments
* Foundations
* Investment banks
* Merchant banks
* Commercial banks
* High-net-worth individuals
* Family offices
* Sovereign wealth funds
* Crowdfunding

Related
financial terms|

* AUM
* Cap table
* Capital call
* Capital commitment
* Capital structure
* Distribution waterfall
* EBITDA
* Envy ratio
* High-yield debt
* IPO
* IRR
* Leverage
* Liquidation preference
* M&A
* PME
* Taxation of private equity and hedge funds
* Undercapitalization
* Vintage year

* List of private equity firms
* List of venture capital firms

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