Pension Consulting Alliance, Inc. (PCA) is an independent, full-service investment consulting firm providing a broad range of investment advice to a wide variety of sophisticated institutional investors. PCA's clients include several of the largest plan sponsors in the United States and Canada. In total, PCA’s 29 clients represent approximately $900 billion in plan sponsor investment assets. The firm invests in fund of hedge funds, private equity, and real estate funds. The firm does not disclose how much of this $900 billion is dedicated to alternatives as this can vary from one client to the next.