Gregg Gethard

The $24.2bn system has already made $225m in commitments as it manages its overallocation to private equity.

The $19.7bn system committed over $60m to diverse-owned managers over the past year.

Many emerging managers have faced the squeeze in a difficult environment.

The denominator effect has limited the system’s private equity options.

The inflationary environment, along with interest rates rising higher than they’ve been in years, have spurred questions about the direction of private markets.

The $81bn system also does not plan on entering the secondaries market.

Public pension systems that are over-allocated due to the denominator effect and market volatility are expected to produce a flood of fund stake sales.

The $44bn system allocates more than 27% of its portfolio to private equity.

The new CIO of the nation’s largest pension says the system lost out on between $11bn and $18bn during a “lost decade” of private equity.

The system allocates 4% to private equity.