2026 Human Capital Annual Survey Results

April 2026

Meketa has a long history of tracking the workforce composition of investment managers that its clients invest alongside. This effort is grounded in our belief that understanding the organizational structure and human capital practices is a component of a thorough investment manager evaluation. Research has indicated that firms drawing on a range of perspectives and experiences tend to demonstrate stronger decision-making, greater adaptability, and improved long-term resilience, all characteristics relevant to assessing the durability of an investment organization.

In 2020, Meketa began formally gathering data from public and private market asset managers within our proprietary database. This was designed to more thoroughly evaluate how asset managers approach workforce composition and organizational practices, factors that inform our overall assessment of a manager’s operational structure and institutional quality. We have continued this initiative, and, for a sixth consecutive year, we sent our Annual Human Capital Questionnaire to asset managers to report on their 2025 work in this area.