Ohio Bureau of Workers' Compensation, Columbus, hired Meketa Investment Group as its real estate consultant.
The bureau's board of directors approved the hiring of Meketa at its Aug. 26 meeting, spokeswoman Kimberly Norris said in an email.
The bureau had issued an RFP in March after deciding it would change the nature of its real estate investments, Ms. Norris said at the time. Ms. Norris would not provide further information.
NEPC was the previous consultant, the bureau's first dedicated specifically to real estate, originally hired in 2021. Ms. Norris said in March that NEPC would have to determine whether to rebid, and the firm did not do so.
The other finalists were Callan and StepStone Group.
The Ohio Bureau of Workers' Compensation oversees a total of $20.3 billion in state insurance assets, including the $18 billion State Insurance Fund.
As of June 30, the actual allocation to real estate in the State Insurance Fund was 22%.
