The Employees’ Retirement System of Hawaii (ERS) committed $20 million to Fortress Japan Opportunity Fund IV at last week’s board meeting, acting Chief Investment Officer Howard Hodel confirmed in an email. The $16.3 billion US public pension previously invested $20 million as well in Fortress’ second and third funds in the series.
Hawaii ERS has a 7 percent target allocation to private real estate that currently stands at about 5.5 percent. Platinum subscribers may click here for the pension fund’s full profile, including key contacts, allocation strategy and fund investments.
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