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Public Pension Fund • Honolulu, United States

Employees' Retirement System of the State of Hawaii

Employees' Retirement System of the State of Hawaii is a public pension fund based in Honolulu, United States, founded in 1925. Verified contact details, AUM data, and investment preferences on FindLPs.

$22.9B
Assets Under Mgmt
1925
Year Founded
Public Pension Fund
Investor Type
Honolulu, United States
Headquarters
About

Employees' Retirement System of the State of Hawaii

Employees Retirement System of the State of Hawaii's investment portfolio is valued at $22.88 billion as of December 31, 2023, with investments in publicly traded equities, real assets, natural resources, infrastructure, private equity, real estate, and cash. Its return for 1 year, 3 years, 5 years, and 7 years was 6.78%, 6.42%, 8.93%, and 7.97% compared to the benchmark return of 4.48%, 8.35%, 6.02%, and 7.08%, respectively. As of December 31, 2023, the private equity portfolio was valued at $4.3 billion, representing 19.1% of the total portfolio. This is an increase compared to June 30, 2023, when the private equity portfolio was valued at $4.1 billion. As of December 31, 2023, the fund's private equity return for quarter, 1 year, 3 years, 5 years, and 7 years was 0.24%, 3.95%,18.07%, 16.08%, and 16.87% compared to the benchmark return of -2.80%, -5.68%, 17.69%, 8.62%, and 11%, respectively. Investments in private equity include buyouts, direct lending, distressed debt, diversified private equity, mezzanine, private equity growth expansion, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. The fund is open to first-time fund investments. As of December 31, 2023, the real asset portfolio was valued at $3.61 billion. The fund's investments are governed by the executive management team with Ms. Kristin Varela serving as Chief Investment Officer. Meketa Investment Group and Hamilton Lane serve as LP Consultants.

Investment Focus

What Employees' Retirement System of the State of Hawaii Invests In

Investment types: Agriculture, Buyout, Direct Lending, Distressed Debt, Private Equity, Growth/Expansion, Infrastructure Core, Infrastructure Core Plus, Infrastructure Opportunistic, Infrastructure Value Added, Metals & Mining, Mezzanine, Oil/Gas, Real Assets & Natural Resources - General, Real Estate Core, Real Estate Core Plus, Real Estate Debt, Real Estate Distressed, Real Estate Opportunistic, Real Estate Value Added, Restructuring/Turnaround, Secondaries, Timber, Venture Capital, Venture Capital - Early Stage, Venture Capital - Later Stage

Preferred geographies: Africa, Algeria, American Samoa, Americas, Anguilla, Antigua, Argentina, Aruba, Asia, Australia, Bahamas, Barbados, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Central America, Chile, Colombia, Cook Islands, Costa Rica, Cuba, Curacao, Dominica, Dominican Republic, Eastern Africa, Ecuador, Egypt, El Salvador, Europe, Falkland Islands, Fiji, French Polynesia, Greenland, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Kiribati, Libya, Marshall Islands, Melanesia, Mexico, Micronesia, Middle Africa, Middle East, Montserrat, Morocco, Nauru, New Caledonia, New Zealand, Nicaragua, Niue, North America, Northern Africa, Northern Mariana Islands, Oceania, Palau, Panama, Papua New Guinea, Paraguay, Peru, Pitcairn Islands, Saint Kitts and Nevis, Saint Lucia, Saint Vincent, Samoa, Sandwich Islands, Sint Maarten, Solomon Islands, South America, Southern Africa, Sudan, Suriname, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turks and Caicos, Tuvalu, United States, Uruguay, Vanuatu, Venezuela, Wallis and Futuna, Western Africa, Western Sahara

Location: City Financial Tower, 201 Merchant Street\nSuite 1400\nHonolulu, HI\n96813-2980\nUnited States

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LP firm data compiled from public regulatory filings (SEC Form ADV, FCA, AIFMD disclosures), company websites and press releases, LinkedIn public profiles, and verified outbound email testing. AUM figures reflect self-reported values from filings and may lag by 1–2 fiscal quarters; bands are normalized in USD. We do not publish personal residential information; firms or individuals may request removal at /contact. Methodology & sources · Updated July 2026.