Meketa’s Proposed Consultant Fees for CalPERS Overshadow Peers
Posted on 04/18/2023
The California Public Employees’ Retirement System (CalPERS) received seven proposals by the final filing date of January 7, 2023 for board investment consultants. Six of the seven proposals, which consist of Meketa Investment Group, RCLCO Fund Advisors, RVK, Inc., The Townsend Group, Verus Advisory, Inc., and Wilshire Advisors LLC passed the technical and fee proposal evaluations.
| General Pension Rank | Proposer | Total Proposed Fees for Five Years | Preliminary Total Score |
|---|---|---|---|
| 1 | Wilshire | $14,750,000 | 320 |
| 2 | RVK | $13,255,000 | 300 |
| 3 | Verus | $15,091,716 | 263 |
| 4 | Meketa | $16,036,335 | 248 |
| Private Equity Rank | Proposer | Total Proposed Fees for Five Years | Preliminary Total Score |
| 1 | Wilshire | $3,375,000 | 350 |
| 2 | Meketa | $3,538,175 | 286 |
| Real Estate Rank | Proposer | Total Proposed Fees for Five Years | Preliminary Total Score |
| 1 | Townsend | $2,350,000 | 350 |
| 2 | Meketa | $6,363,625 | 111 |
| 3 | RCLCO | $6,575,000 | 107 |
| Private Credit Rank | Proposer | Total Proposed Fees for Five Years | Preliminary Total Score |
| 1 | Wilshire | $1,250,000 | 350 |
| 2 | Meketa | $1,399,997 | 268 |
| Infrastructure Rank | Proposer | Total Proposed Fees for Five Years | Preliminary Total Score |
| 1 | Meketa | $1,145,452 | 300 |
Source: CalPERS Board Agenda Item.
Keywords: California Public Employees’ Retirement System.
