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CalPERS Shortlist Infrastructure Advisors

by Elliot Bradbrook

  • 15 Sep 2009
  • INF

California Public Employees’ Retirement System (CalPERS) has identified Meketa Investment Group, Pension Consulting Alliance, RV Kuhns & Associates and Wilshire Consulting as candidates for the role of its infrastructure consultant.  The firms will present to the CalPERS board at its September investment meeting and this will be followed by individual interviews.  The pension plan expects to make the hire by Q1 2010.  CalPERS announced a formal infrastructure investment policy in August 2008 by allocating 3% of total assets to infrastructure opportunities via its inflation-linked asset class (ILAC) portfolio.

CalPERS originally identified 11 firms as potential candidates in Q4 2008. Aside from the finalists, the original list included Brock Capital Group, Capital Innovations, Cliffwater, Courtland Partners, Investors Diversified Realty, KPC Consulting Group and Magellan Asset Management.

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