Hawaii commits $40m to real estate debt
The $13.9 billion Hawaii Employees’ Retirement System has committed an additional $40 million to H/2 Capital Partners, according to recent meeting documents.
The pension fund previously committed $30 million to H/2 Core Real Estate Debt Fund in 2015. The open-end debt fund invests in real estate loans on core properties across the United States.
The pension fund has a 6.2 percent target allocation to real estate.