Meketa adds shareholders to ownership team

The Boston-based consulting firm is expanding its ownership group less than two months after naming two new co-CEOs.

Meketa Investment Group, a consulting firm focused on real assets, has continued its organisational restructuring, this time by expanding its employee ownership with the addition of eight new shareholders, the Boston-based firm said in a statement.

“Each of these professionals has been integral to the firm’s growth and our clients’ success, and we welcome the diverse perspectives and talents they bring to the ownership team,” Meketa’s managing principal and co-chief executive Stephen McCourt said.

The eight principals joining the ownership team, which brings the total number of shareholders to 20, are: Brian Dana, who leads the firm’s hedge fund research; Jess Downer, who specialises in private equity and real estate; Daniel Dynan, who serves as consultant on defined benefit, annuity and health and welfare funds; Steven Hartt, who leads the firm’s private equity, co-investment and secondary transaction research; Edwin Omata, who chairs the firm’s fiduciary services committee; Todd Silverman, who leads the firm’s private equity and private debt investment teams; Christopher Tehranian, who specialises in infrastructure and natural resources; and Laura Wirick, lead consultant for public, endowment and foundation clients.

“Meketa Investment Group is proud to be an independent employee-owned company and is pleased to expand our number of shareholders in recognition of the contributions and dedication of these individuals,” Peter Woolley, managing principal and co-chief executive, said.

According to the statement, the expansion of the ownership team is another step in the firm’s long-term succession plan. It comes on the heels of McCourt and Woolley assuming the role of co-chief executive on July 31, succeeding founder Jim Meketa who stepped down as chief executive and assumed the newly-created position of chairman.

At the time, a spokesperson for the firm told Infrastructure Investor that the executive committee decided on a co-CEO structure due to Meketa’s geographic breadth. McCourt is based in San Diego while Woolley is based at the firm’s Boston headquarters.

Founded in 1978, Meketa Investment Group is a full service investment consulting and advisory firm. Since 1993, it has been advising clients on real estate, infrastructure, and natural resources.

Its clients include Taft-Hartley funds, public funds, corporates and non-profits. The firm consults on more than $335 billion in assets for over 100 clients whose total aggregate institutional assets exceed $800 billion.

In addition to Boston and San Diego, the company also has offices in Miami, Portland, Oregon, and London.