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The Wall Street Journal: Pension Investment in Private Credit Hit Eight-Year High

NEPC’s Oliver Fadly was quoted in a recent Wall Street Journal article to provide insight on how the industry and investors are thinking about the asset class. View the article on The Wall Street Journal’s site here.


Congress voting on Secure 2.0

Pensions & Investments: SECURE 2.0 Fails to Provide All of the Help Sought by 403(b) Plans

NEPC’s Bill Ryan was quoted in a recent Pensions & Investments article expressing his disappointment that CITs failed to cross the finish line for 403(b) plans. View the article on Pensions & Investments’ site here.


Retirement aged business man looking out office window

Pensions & Investments: Opportunities Still Exist for CIT-Like Group Trusts in 403(b) Plans

NEPC’s Bill Ryan was quoted in a recent Pensions & Investments article to discuss 403(b) plan investment options after Congress’ failure to let executives offer collective investment trusts. View the article on Pensions & Investments’ site here.


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FIN News: Greater Alts. Allocations Help Mega Endowments Rise Above Smaller Peers: Report

NEPC’s “Mega Endowment FY 2022 Returns” report was featured in a recent FIN News article to discuss our findings. View the article on FIN News’ site here.


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FIN News: Nonprofit News Special Report: 2023 Alternative Investments Outlook

NEPC’s Kristin Reynolds was quoted in a recent FIN News article to discuss vintage years and real estate markets. View the article on FIN News’ site here.


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CIO: Private Market Technology Investments Are Here to Stay

NEPC’s Josh Beers was quoted in a recent Chief Investment Officer article to discuss the reasons why private technology assets are still compelling investments after a challenging year for tech companies. View the article on CIO’s site here.


In a Year of Growth and Expansion, NEPC Elects New Partners and Announces Promotion of Principals

BOSTON–December 15, 2022–NEPC, LLC one of the industry’s largest independent, research-driven investment consulting firms, today announced the election of seven new partners and the promotion of eleven new principals across the firm. These new elections and promotions will be effective January 1, 2023.

“NEPC continues to be an industry leader simply because we believe in identifying, attracting, and fostering world-class talent,” said Michael Manning, Managing Partner of NEPC. “These new partners and principals represent the best and brightest in our industry. Through either crafting tailored, research-driven strategies that ensure our clients’ long-term financial sustainability or supporting our clients and workforce with creative solutions, this team is ensuring that NEPC remains a premier destination for investment services.”

The newly elected Partners are:

  • Josh Beers – Head of Private Equity Investments
  • Sebastian Grzejka, CAIA – Senior Consultant, Endowments and Foundations
  • Matt Lombardi – Chief Financial Officer
  • Dulari Pancholi, CFA, CAIA – Head of Credit and Multi-Asset Investments
  • Kelly Regan – Senior Consultant, Corporate
  • Matthew Ritter, CAIA – Head of Real Asset Investments
  • Elton Thomaj, CAIA – Senior Investment Director, Portfolio Construction

NEPC’s new Principals are:

  • Kelly Bruns – Senior Finance Manager
  • Jason Castonguay – Director, Discretionary
  • Thomas Cook – Senior Consultant, Defined Contribution
  • Tim Fitzgerald, CAIA – Senior Consultant, Defined Contribution
  • Brandon Jones – Senior Investment Director, Portfolio Construction
  • Ashlee Lazzari – Director of Marketing and Communications
  • Heather Martone – Senior Marketing Manager
  • Kevin Novak – Senior Consultant, Healthcare
  • Brian Parnell – Director, Discretionary
  • Keith Stronkowsky, CFA – Senior Consultant, Public
  • Eric Vallo, CFA – Senior Consultant, Healthcare

For NEPC, 2022 has been a year defined by talent expansion. Key highlights include:

  • Former Meketa Partner and Chief Operating Officer Kellie Kane joined NEPC as its new COO in May 2022.
  • In July 2022, NEPC expanded its Corporate Consulting practice group by acquiring a team from Goldman Sachs Asset Management (GSAM).
  • Real estate industry leader Shelley Santulli joined the firm in October, 2022 as Principal and Senior Investment Director, Real Assets.

For more information on NEPC’s employee workforce and to explore open opportunities, click here.



NEPC, LLC, is one of the country’s leading investment consulting firms, servicing 411 retainer clients with $1.4 trillion in assets1 with $301.2 billion in alternative assets2. Combining a proprietary research team dedicated to the long-term challenges facing investors with our unique client-centric model, NEPC builds forward-looking investment portfolios for institutional investors and ultra-high-net worth individuals. To learn more about NEPC, visit

1 As of 10/1/2022

2 As of 12/31/2021, NEPC provides some form of advice to all clients counted but does not advise all clients on all asset classes.


Media Contact:

Laura Nascimento

[email protected]

Broadcast Retirement Network: What Employers Are Saying About Retirement Income

NEPC’s Bill Ryan appeared on the Broadcast Retirement Network to discuss what clients are thinking about when it comes to retirement income. View on the BRN website here or watch below.


Growth in real estate price market

FIN News: Inflation, Interest Rates Present Biggest Risks To Markets: NEPC Study

NEPC’s Brad Smith was quoted in a recent FIN News article to discuss concerns of plan sponsors found through our 2022 DB Flash Poll. View the article on FIN News’ site here.


Investors are pointing to laptops that have investment information

ASPPA: Reticence and Risks Rife?

NEPC’s 2022 DB Flash Poll findings were featured in a recent article from the American Society of Pension Professionals & Actuaries (ASPPA) to discuss risks plan sponsors perceive and anticipate. View the article on ASPPA’s site here.