Publications

Investors - SEPTEMBER 15, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Hawaii commits $50m to Cerberus fund

by Jody Barhanovich

The $14 billion State of Hawaii Employees’ Retirement System has committed $50 million to Cerberus Institutional Real Estate Partners IV, managed by Cerberus Real Estate Capital Management.

The closed-end, opportunistic fund will make distressed debt investments in nonperforming loans, commercial mortgage–backed securities and residential mortgage–backed securities, splitting its investments between the United States and Western Europe. 

HIERS recently committed $40 millionto DRA Growth and Income Fund IX, a value-added real estate fund managed by DRA Advisors.

As of March 31, the pension plan had a 6.4 percent allocation to real estate. 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy