Investment Consulting Services: Private Equity and Real Estate

The Arizona State Retirement System (ASRS) Master Agreement CTR057206 is an Indefinite Delivery Vehicle (IDV) for comprehensive investment consulting services. The contract encompasses three primary service areas: Illiquid Credit & Public Markets Investment Project Consulting, Private Equity Investment Consulting, and Real Estate Investment Consulting Services. Meketa Investment Group provides specialized consulting activities including due diligence, investment manager research, portfolio strategic advice, monitoring, compliance, and risk management. The services are structured with both hourly rates and fixed fees, such as $150,000 annually for portfolio strategic advice and $35,000 per fund for investment due diligence.

The prime contractor for this IDV is Meketa Investment Group, located in Westwood, Massachusetts, with the contract initially awarded on September 8, 2021. The contract has been consistently renewed, with the current amendment extending performance through September 7, 2026. The IDV covers the state of Arizona and is classified as a Master Agreement with a competitive solicitation process. While specific total contract value is not explicitly stated, the contract includes provisions for potential 5-10% discounts if ASRS selects Meketa for multiple service mandates. Meketa's comprehensive insurance coverage, including $10 million in errors and omissions insurance, supports the contract's robust framework for investment consulting services.