Hawaii Employees' Retirement System, Honolulu, committed up to $195 million total to five alternatives funds, said Vijoy Chattergy, chief investment officer, in an email.
In private equity, the $16.3 billion pension fund committed $135 million total to four funds:
- $50 million to Abraaj Private Equity Fund VI, a buyout fund managed by the Abraaj Group;
- $35 million to Ascribe Opportunities Fund IV, a distressed debt fund managed by Ascribe Capital; and
- $35 million to TPG Growth IV and $15 million to TPG's The Rise Fund, which will make growth equity and buyout investments.
In real estate, the pension fund committed up to $60 million to KKR Real Estate Partners Americas II, managed by KKR & Co., pending closing terms.