Hawaii Employees picks private equity consultant

Hawaii Employees' Retirement System, Honolulu, hired Hamilton Lane as private equity consultant, confirmed Vijoy Chattergy, chief investment officer.

Hamilton Lane replaces Altius Associates, which rebid. An RFP was issued in November.

The $12.3 billion pension fund has a current 3.5% allocation to private equity with a 7% long-term target allocation.

The search was handled internally.