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Hawaii Employees slates $100 million for 2 real estate funds

Hawaii Employees' Retirement System, Honolulu, committed $100 million total to two real estate funds, said Vijoy Chattergy, chief investment officer.

The $15.4 billion pension fund committed $50 million each to a Heitman core real estate debt fund and Invesco (IVZ) Commercial Mortgage Income Fund.

The pension fund already has $288 million and $210 million, respectively, invested in Heitman and Invesco core real estate separate accounts.

The new Heitman commitment will fall under the pension fund's core real estate allocation, which has a 5% target, and the Invesco commitment will fall under non-core real estate, which has a 4.5% target.