Meketa selected as consultant for OPERF’s real estate portfolio

The Oregon Investment Council (OIC) has unanimously approved a recommendation to pursue a nondiscretionary, full retainer consulting contract with Meketa Investment Group, beginning July 1.

Meketa will provide consulting services for the Oregon Public Employees’ Retirement Fund’s (OPERF) $72 billion real estate portfolio.

The decision was announced at the investment council’s June 3 meeting.

In August 2019, OIC launched a request for proposals to identify candidate firms to provide real estate consulting services once the current contract expired in June 2020.

According to OIC, seven qualified firms submitted proposals by the Oct. 24 deadline. The firms were scored on a number of factors, such as history and experience, and proposed service plan. Ultimately the list was narrowed down t