NEPC Expands Real Assets Team, Hires Real Estate Industry Veteran

BOSTON–(BUSINESS WIRE)–NEPC, LLC, one of the largest independent, research-driven investment consulting firms, today announced that real estate industry leader Shelley Santulli has joined the firm as Principal and Senior Investment Director, Real Assets, effective October 10, 2022.

Santulli brings more than two decades of real estate investment and advisory experience to her new role, and will help NEPC identify and report on emerging investment themes across real asset markets, which include real estate, energy, renewables, natural resources, and infrastructure.

As a part of NEPC’s Real Assets Team, Santulli will be responsible for providing clients with market viewpoints, sourcing investing ideas, conducting manager due diligence, creating educational materials for various real estate and real asset strategies, and advising clients on the implementation of investment strategies.

“It’s only through our best-in-class talent that we’re able to consistently deliver actionable, best-in-class investment ideas to our clients,” said Matt Ritter, CAIA, head of NEPC’s Real Assets Team. “We’re thrilled to be adding yet another experienced leader like Shelley to our team. I know our clients will benefit from her diverse investment experience across markets, property sectors, strategies, investment structures, and market cycles.”

Prior to joining NEPC, Santulli was Executive Vice President, Portfolio Management at American Realty Advisors, where she helped lead the portfolio management and strategy of a diversified, open-end value fund. Throughout her career, she has held several other senior positions in notable investment management firms like Berkshire Group, AEW Capital Management, and Fidelity Investments.

“I’m joining a team that prioritizes delivering research-driven investment solutions tailored to clients’ unique investment goals,” said Santulli. “I have a proven track record of helping institutions navigate turbulent markets, and I’m excited to put that to work for NEPC clients every day.”

Learn more about NEPC’s Real Assets Team here.


NEPC, LLC is one of the country’s leading investment consulting firms, servicing more than 400 retainer clients with $1.5 trillion in assets (this includes $301.2 billion in alternative assets). 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


Emma Rayder