Key Takeaways
- • The New Mexico State Investment Council (SIC) has selected Meketa as its private debt consultant following an RFP issued in April 2022.
- • Mary Bates and Tad Fergusson will serve as the primary day-to-day contacts for the New Mexico SIC at Meketa.
- • The selection was recorded in meeting notes from the SIC's August 11, 2022 investment committee meeting, per the source report.
- • The RFP was supported by general investment consultant RVK, indicating a formal consultant search process for private credit and credit consulting.
Summary
The New Mexico State Investment Council has selected Meketa for its Private Debt consultant search, according to meeting notes from the council's August 11, 2022 investment committee meeting. The selection positions Meketa to advise the public pension fund's private debt program, a segment that has drawn growing attention from institutional allocators seeking yield and diversification beyond traditional fixed income.
Meketa's team will be led on a day-to-day basis by Mary Bates and Tad Fergusson, who will serve as the primary contacts for the New Mexico SIC. The source report does not disclose contract terms, fee arrangements, or the specific scope of mandate beyond the private debt consulting search.
The search originated from a Request for Proposals for Private Credit and Credit consulting issued in April 2022. The RFP process was supported by the SIC's general investment consultant, RVK, which assisted in structuring the search. The outcome reflects a formal competitive process in which the council evaluated consultants before making its selection.
The report was published on dakota.com, a public pension insights platform that compiles public plan minutes and meeting records.
Meketa's team will be led on a day-to-day basis by Mary Bates and Tad Fergusson, who will serve as the primary contacts for the New Mexico SIC. The source report does not disclose contract terms, fee arrangements, or the specific scope of mandate beyond the private debt consulting search.
The search originated from a Request for Proposals for Private Credit and Credit consulting issued in April 2022. The RFP process was supported by the SIC's general investment consultant, RVK, which assisted in structuring the search. The outcome reflects a formal competitive process in which the council evaluated consultants before making its selection.
The report was published on dakota.com, a public pension insights platform that compiles public plan minutes and meeting records.
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