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 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.
