Meketa Investment Group
| Company type | Private |
|---|---|
| Industry | Investment management, Financial services |
| Founded | 1974 |
| Founder | James Meketa |
| Headquarters | Westwood, Massachusetts , United States |
Area served | Institutional investors |
Key people | James Meketa (Chairman), Stephen McCourt (Co-CEO), Peter Woolley (Co-CEO) |
| Products | Investment management and advisory services, real estate investment advisory, infrastructure fund (Meketa Capital) |
Meketa Investment Group (commonly known as Meketa) is an American firm specializing in investment management and advisory services, with its main office located in Westwood, Massachusetts. The company offers investment solutions across both public and private markets tailored to institutional investors.
Background
The firm was established in 1974 by James Meketa as an investment partnership, later incorporating in 1978 and registering as an investment advisor with the U.S. Securities and Exchange Commission. James Meketa began his professional journey working for the Harvard University Endowment. Meketa secured its inaugural pension fund client in 1978 and quickly built a reputation for advising pension funds, financial endowments, and foundations.
Meketa broadened its service offering to include real estate investment advisory in 1994. To strengthen its footprint in Europe, the firm inaugurated a London office in June 2014.
Leadership transitioned in July 2015 when James Meketa retired from the CEO role. Stephen McCourt and Peter Woolley assumed co-CEO positions, reflecting the firm's bi-coastal operations—McCourt operating from San Diego and Woolley based at the Boston headquarters. The board expanded concurrently, with Meketa becoming Chairman and both co-CEOs reporting directly to him.
In January 2019, Meketa combined forces with Pension Consulting Alliance (PCA), a boutique pension consulting firm headquartered in Portland. Following the merger, the unified organization maintained the Meketa name and managed $1.7 trillion in assets under advisement alongside $11 billion in assets under management, navigating increased competition and fee compression within the industry.
Founder James Meketa outlined three principal investment themes in July 2021: the demographic shift due to an aging baby boomer population, China's emergence as a global economic power, and the impacts of climate change.
As reported by Nasdaq in October 2023, Meketa led private market strategy consulting during the first half of 2023, outperforming competitors such as Hamilton Lane, Albourne Partners, Aksia, and StepStone Group.
In February 2024, Meketa introduced an infrastructure fund through a new division named Meketa Capital. This initiative diverges from its traditional institutional clientele by targeting retail investors.
Ownership of Meketa is fully held by employees, with ownership stakes gradually extended across its staff over time.