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Hawaii ERS approves $50 million commitment

The $15.4 billion public pension has a 7% target allocation to real estate.

The Employees’ Retirement System of Hawaii (ERS) approved a $50 million commitment Monday to Starwood Global Opportunity Fund XI, chief investment officer Vijoy Chattergy confirmed in an email.

The $15.6 billion public pension has a 7% target allocation to real estate that currently stands at 5.54%.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.