Provider Profiles
NEPC, LLC
| Portfolio Construction |
| We have an open investment architecture and build customized investment programs to meet each portfolio’s unique goals and objectives. We start with a thorough assessment of the organization’s financial ability to take risk, not just their risk tolerance. Investment management vehicles may include investment manager separate accounts, commingled funds, mutual funds, or limited partnerships across all asset classes. Provided we have full portfolio transparency, we will implement with the lowest cost vehicle offered by managers on our focused placement list that provides the requisite level of liquidity. All implementation is the end-result of the asset allocation process. |
| Profile | |
| Business model§ | Proprietary/non-proprietary |
| Year entered into OCIO business | 2011 |
| No. of relationship managers/salespeople | 2 |
| No. of OCIO portfolio managers | 7 |
| OCIO % of total firm revenue | 26% |
| No. of clients, full discretion | 74 |
| Full Discretionary Assets | |
| Total full discretionary OCIO assets | $73.2b |
| Discretionary Assets by Fund Type | |
| Defined benefit | $20.8b |
| 401(k), 403(b) or other defined contribution plan | $40.9b |
| Endowments or foundation | $3.2b |
| Health care pools (board designated, funded depreciation) | $6b |
| Other | $2.3b |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture or manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: A consulting firm that also has discretion over assigned assets. Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. Other: An OCIO platform is something other than the types listed above. |