Hawaii Employees makes $20 million commitment to Japanese real estate fund

Hawaii Employees' Retirement System, Honolulu, committed $20 million to Fortress Japan Opportunity Fund III, said Vijoy Chattergy, chief investment officer.

The real estate fund is managed by Fortress Investment Group. The pension fund previously committed $20 million to Fortress Japan Opportunity Fund II in 2012.

The $13.9 billion pension fund has about a 7% target allocation to real estate.

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