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Sign in Sign up for a FREE subscriptionHawaii commits up to $60m to KKR real estate fund
The $15.6 billion Hawaii Employees’ Retirement System has committed up to $60 million to KKR Real Estate Partners Americas II, managed by KKR, according to Vijoy Chattergy, CIO of the pension fund.
KKR Real Estate Partners Americas II, which launched in September 2015, is an opportunistic real estate fund seeking to raise $1.5 billion in total equity commitments, according to IREI’s FundTracker database.
The fund’s predecessor, KKR Real Estate Partners Americas, held a $1.5 billion final close in 2013, according to IREI’s FundTracker database.
HIERS has a target allocation to real estate of 7 percent.
