Hawaii Employees' Retirement System, Honolulu, will launch searches for a private equity consultant, general investment consultant and real estate consultant in the summer.
The $21.4 billion pension fund will issue RFPs due to the pending expirations of the incumbent consultants in 2023, said Elizabeth T. Burton, chief investment officer, in an email.
The pension fund will issue its RFPs for a private equity consultant in July, general investment consultant in August and real estate consultant in September. The incumbent consultants are Hamilton Lane, Meketa Investment Group and Aon Investments USA, respectively. All will be eligible to rebid.
As of June 30, the pension fund's actual allocation was 51% public growth, 15% liquid defensive strategies, 14% private growth, 8% real assets, 7% liquid diversifying strategies, 3% principal protection and 2% illiquid diversifying strategies.
The specific timelines for the RFPs have yet to be determined. They will be posted on the pension fund's website.
