Metropolitan Government of Nashville & Davidson County brings on Meketa Investment Group as consultant

The Metropolitan Government of Nashville & Davidson County Employee Benefit Trust Fund has hired Meketa Investment Group as its general investment consultant.

The appointment concludes an RFQ that was launched in May to fill the position following the expiration of NEPC’s contract. NEPC held the position for five years, in addition to some transition time, according to a source with knowledge of the matter. Meketa’s contract will be for five years.

Meketa had the highest score among respondents for the position.

As of June 30, real estate composed 5.9 percent of the total investment portfolio and had a market value of about $248 million.