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Marquette Associates
Marquette Associates is an independent investment consulting firm headquartered in Chicago, founded prior to 2015 based on website history.
Marquette Associates
Marquette Associates is an independent investment consulting firm headquartered in Chicago, founded prior to 2015 based on website history. The firm provides institutional clients—including endowments, foundations, healthcare systems, and public funds—with fiduciary guidance and outsourced CIO services. Its website emphasizes a client-service approach and careful research, positioning itself as a manager of managers rather than a direct asset manager. The firm's strategy centers on multi-asset class portfolio construction and manager selection. Confirmed asset classes include U.S. equities, non-U.S. equities, fixed income, and buyout private equity. Marquette does not manage assets directly but advises on allocation and monitors roughly 20,000 asset owner plans through its proprietary performance universe, which covers over $14 trillion in assets (per firm website, 2026). The firm avoids simulated performance, relying on actual custodial data for analysis. Geographic footprint spans the United States, with offices in Chicago, Baltimore, Milwaukee, West Chester, and St. Louis. Marquette employs a team of consultants and research professionals; the firm's LinkedIn profile lists roles such as consultants and an OCIO practice. Additional offices in five U.S. cities support a national client base. A recent operational event: On May 11, 2026, Jessica Noviskis appeared on Bloomberg Surveillance to discuss market conditions and strategies. The firm also publishes regular research, such as the May 2026 piece "The Fed Tackles Succession Planning" and April 2026 "We've Seen This Before." Marquette’s structural differentiator is its independence: the firm does not accept commissions, finder’s fees, or soft-dollar arrangements from investment managers, aligning its interests solely with client outcomes. This fiduciary-first posture, combined with its OCIO model and proprietary performance database, distinguishes Marquette from larger, product-driven consulting firms.
General information
Firm type
Fund of Funds Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
180 North LaSalle Street Suite 3500, Chicago, Illinois 60601, United States
Additional offices
Baltimore, MD · Milwaukee, WI · West Chester, PA · St. Louis, MO
Principals
Jessica Noviskis
Featured on Bloomberg Surveillance (likely Principal/Consultant)
Sector focus
Frequently asked questions
Who runs investment decisions at Marquette Associates?
Marquette operates as a partnership of senior consultants and research professionals. The firm does not disclose a single named CIO, but its leadership includes consultants such as Jessica Noviskis, who represent the firm publicly. Investment decisions are made collaboratively by the research team based on independent manager analysis and client objectives (per firm website).
Is Marquette structured as a single family office or does it operate more like a pure OCIO/consulting firm?
Marquette Associates is a pure investment consulting and outsourced CIO (OCIO) firm, not a family office. It advises institutional clients on asset allocation, manager selection, and portfolio monitoring. The firm does not invest its own balance sheet alongside clients, distinguishing it from multi-family offices or direct asset managers.
Does Marquette participate in fund commitments or only direct deals?
Marquette does not commit capital directly to funds or deals on its own behalf. It advises institutional clients on fund and co-investment allocations, including buyout private equity. The firm identifies and monitors managers for client portfolios, but investment commitments are made by the client, not by Marquette (per firm website).
What investment stages does Marquette typically target?
Marquette's coverage spans private equity buyout across vintages, as well as traditional asset classes including U.S. equities, non-U.S. equities, and fixed income. The firm does not specialize by stage but rather by manager quality and fit for client programs. Its research includes all major public and private market segments.
Which sectors does Marquette explicitly avoid?
Marquette does not publicly disclose avoidance of specific sectors. Its research covers broad asset classes without excluding any sectors by policy. However, as a fiduciary, Marquette may guide clients away from investments that conflict with their specific mandates or risk profiles.
How does Marquette source proprietary deal flow?
Marquette does not source proprietary deals as an investor. Its value lies in independent manager research and performance monitoring across a universe of roughly 20,000 institutional plans and over $14 trillion in assets (per firm website, 2026). The firm uses this data to identify and recommend managers to clients. Deal flow is generated by the underlying managers, not by Marquette itself.
Does Marquette maintain philanthropic structures, and how are they separated?
Marquette does not maintain its own philanthropic foundation; its client base includes endowments and foundations, but the firm operates purely as a for-profit consulting entity. Any philanthropic activities are client-specific and separate from Marquette's corporate structure.
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