Gregg Gethard

The system looks to take advantage of its underallocation to the asset class.

The system is a new entrant into private equity.

The system sees possible 'J-curve effect' challenges ahead as it builds its PE program.

The system also will explore relationships with new managers.

'The rules overall are a step forward for the industry but there are some unique intricacies to look at regarding the transparencies we are used to,' says a member of the system’s investment staff.

SWIB is the latest massive pension system to consider upping its allocation.

'We’ll have more diversified co-investment opportunities this way rather than us just doubling down on what our existing GPs come to us with,' says Arizona’s chief investment officer Michael Viteri.

“Nothing the managers said today gave me any confidence that we’re going to get distributions to the level of NAV they’ve marked on their portfolios,” says Marin County board president Sara Klein.

JPM rejoins the secondaries fray as the firm’s last secondaries fun closed in 2016.

The system’s adviser and staff are bullish on fixed income at the expense of private assets.