Hawaii Employees' Retirement System
✨ Fox Verdict
Sign up to see your fitFund commitments · as a limited partner · 287
as of Jun 2025Private-fund positions this organization discloses in its own public filings and reports — $7.1B committed, $5.5B reported NAV. Returns are this LP's own position, net of fees.
| Fund | Manager | Vintage | Committed | NAV | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| RREEF Core Plus Industrial Fund L.P. | Rreef | 2017 | $200M | $192.7M | — | — | — |
| Grain Communications Opportunity Fund IV, L.P. | Grain Management | 2025 | $150M | $37.3M | — | — | — |
| IFM Global Infrastructure Fund | IFM Investors | 2015 | $150M | $196.9M | — | — | — |
| KKR Diversified Core Infrastructure Fund L.P. | Kohlberg Kravis Roberts | 2021 | $150M | $188.2M | — | — | — |
| KKR Global Infrastructure Investors V | Kohlberg Kravis Roberts | 2024 | $100M | — | — | — | — |
| Landmark Equity Partners XVI, L.P. | Landmark Partners | 2017 | $100M | $66.5M | — | — | — |
| Hellman & Friedman Capital Partners X, L.P. | Hellman & Friedman | 2021 | $75M | $72.1M | — | — | — |
| OHA Strategic Credit Fund II, L.P. | OHA | 2017 | $70M | $21.8M | — | — | — |
| Platinum Equity Capital Partners V, L.P. | Platinum | 2019 | $70M | $86.7M | — | — | — |
| Charterhouse Capital Partners XI | Charterhouse Capital Partners | 2021 | $68.5M | $62.7M | — | — | — |
| CVC Capital Partners VIII | CVC Capital Partners | 2021 | $66M | $77.2M | — | — | — |
| Builders VC Fund III | Builders | 2025 | $60M | $5.4M | — | — | — |
| K5 Private Investors, L.P. | K5 Private | 2021 | $60M | $65.9M | — | — | — |
| Oak Hill Capital Partners V | Oak Hill Capital | 2018 | $60M | $78.7M | — | — | — |
| Vista Equity Partners Fund VIII | Vista Equity Partners | 2022 | $60M | $41.4M | — | — | — |
| Bridgepoint Europe VII L.P. | Bridgepoint | 2023 | $56.3M | $31.8M | — | — | — |
| CVC Capital Partners IX L.P. | CVC Capital Partners | 2023 | $53.8M | $8.2M | — | — | — |
| CVC Capital Partners VII, LP | CVC Capital Partners | 2017 | $53.1M | $72.2M | — | — | — |
| Charterhouse Capital Partners X, L.P. | Charterhouse Capital Partners | 2016 | $50.4M | $29.5M | — | — | — |
| Advent International GPE IX | Advent International | 2019 | $50M | $65.3M | — | — | — |
| Advent International GPE X | Advent International | 2022 | $50M | $34.8M | — | — | — |
| AG Europe Realty Fund III | Angelo Gordon | 2020 | $50M | $43.1M | — | — | — |
| American Securities Partners VIII | American Securities | 2019 | $50M | $62.7M | — | — | — |
| Apollo Investment Fund IX | Apollo | 2018 | $50M | $47.1M | — | — | — |
| Basalt Infrastructure Partners IV | Basalt | 2023 | $50M | $21.7M | — | — | — |
| Benefit Street Partners Debt Fund IV, L.P. | Benefit Street Partners | 2017 | $50M | $29.1M | — | — | — |
| Blackstone Capital Partners VII LP | The Blackstone Group | 2016 | $50M | $42M | — | — | — |
| Blackstone Capital Partners VIII LP | The Blackstone Group | 2021 | $50M | $49.7M | — | — | — |
| Blackstone Energy Partners II, L.P. | The Blackstone Group | 2015 | $50M | — | — | — | — |
| Blackstone Tactical Opportunities Fund II, L.P. | The Blackstone Group | 2015 | $50M | $30.6M | — | — | — |
| Clearlake Capital Partners VI | Clearlake Capital Group | 2020 | $50M | $71.3M | — | — | — |
| Clearlake Capital Partners VII | Clearlake Capital Group | 2021 | $50M | $40M | — | — | — |
| Clearlake Capital Partners VIII | Clearlake Capital Group | 2023 | $50M | $2.7M | — | — | — |
| EnCap Energy Capital Fund XI | EnCap Energy Capital | 2016 | $50M | $32.3M | — | — | — |
| General Atlantic Investment Partners 2021, L.P. | General Atlantic | 2021 | $50M | $55.9M | — | — | — |
| Genstar Capital Partners XI | Genstar | 2023 | $50M | $6.6M | — | — | — |
| Green Equity Investors VII | Green | 2017 | $50M | $34.3M | — | — | — |
| GTCR Fund XIV LP | GTCR | 2024 | $50M | $11.6M | — | — | — |
| Hellman & Friedman Capital Partners IX | Hellman & Friedman | 2019 | $50M | $83.9M | — | — | — |
| Hellman & Friedman Capital Partners XI, L.P. | Hellman & Friedman | 2022 | $50M | — | — | — | — |
| ISQ Global Infrastructure Fund II | I Squared Capital | 2018 | $50M | $61.5M | — | — | — |
| ISQ Global Infrastructure Fund III | I Squared Capital | 2021 | $50M | $43.1M | — | — | — |
| JFL Equity Investors VI, LP. | Jfl | 2023 | $50M | $25.8M | — | — | — |
| Kelso Investment Associates X, L.P. | Kelso | 2018 | $50M | $73.9M | — | — | — |
| Kelso Investment Associates XI, L.P. | Kelso | 2021 | $50M | $27M | — | — | — |
| KKR Global Infrastructure Investors IV | Kohlberg Kravis Roberts | 2014 | $50M | $51.6M | — | — | — |
| KKR Real Estate Partners Americas II | Kohlberg Kravis Roberts | 2016 | $50M | $7.4M | — | — | — |
| LaSalle Income & Growth Fund VIII | LaSalle | 2019 | $50M | $30.2M | — | — | — |
| Platinum Equity Capital Partners VI, L.P. | Platinum | 2022 | $50M | $31.2M | — | — | — |
| Platinum Equity Small Cap Fund II, L.P. | Platinum Equity Small | 2024 | $50M | $10.9M | — | — | — |
| Silver Lake Partners VI LP | Silver | 2021 | $50M | $60.8M | — | — | — |
| TA XIV, L.P. | TA Associates | 2021 | $50M | $54.5M | — | — | — |
| TA XV, L.P. | TA Associates | 2025 | $50M | $5.2M | — | — | — |
| TCV XI | TCV | 2021 | $50M | $51.8M | — | — | — |
| Thoma Bravo Fund XIII | Thoma Bravo | 2018 | $50M | $59.4M | — | — | — |
| THOMA BRAVO XIV LP | Thoma Bravo | 2020 | $50M | $50.1M | — | — | — |
| Thomas H. Lee Equity Fund IX | Thomas H. Lee Partners | 2021 | $50M | $41.3M | — | — | — |
| Thomas H. Lee Equity Fund VIII, L.P. | Thomas H. Lee Partners | 2018 | $50M | $28.4M | — | — | — |
| Torchlight Debt Opportunity Fund VI, LP | Torchlight Debt | 2018 | $50M | $37.1M | — | — | — |
| TPG Partners VII, L.P. | TPG | 2015 | $50M | $9.5M | — | — | — |
| TPG Partners VIII, L.P. | TPG | 2019 | $50M | $59.2M | — | — | — |
| Trident VII, L.P. | Trident | 2017 | $50M | $77.2M | — | — | — |
| Trident VIII, L.P. | Trident | 2020 | $50M | $77.2M | — | — | — |
| Veritas Capital Fund VI | Veritas Capital | 2017 | $50M | $32.2M | — | — | — |
| Vistria Fund IV, LP | Vistria | 2021 | $50M | $49M | — | — | — |
| Vistria Fund V, L.P. | Vistria | 2022 | $50M | $29M | — | — | — |
| Wynnchurch Capital Partners VI, L.P. | Wynnchurch | 2023 | $50M | $10.4M | — | — | — |
| Oak HC-FT Partners IV | Oak HC/FT | 2021 | $47.5M | $61.3M | — | — | — |
| Bridgepoint Europe VI, L.P. | Bridgepoint | 2018 | $45M | $49.3M | — | — | — |
| Kelso Investment Associates IX, L.P. | Kelso | 2015 | $45M | $22.7M | — | — | — |
| Thomas H. Lee Equity Fund VII, L.P. | Thomas H. Lee Partners | 2016 | $45M | $14.8M | — | — | — |
| Genstar Capital Partners X | Genstar | 2021 | $44.6M | — | — | — | — |
| KKR Global Infrastructure Investors II | Kohlberg Kravis Roberts | 2014 | $41.6M | $12.7M | — | — | — |
| Affinity Asia Pacific Fund V, L.P. | Affinity Asia Pacific | 2018 | $40M | $30.2M | — | — | — |
| AG Core Plus Realty Fund IV | Angelo Gordon | 2014 | $40M | $10.6M | — | — | — |
| DRA Growth and Income Fund IX | DRA Advisors | 2017 | $40M | $10.4M | — | — | — |
| Torchlight Debt Opportunity Fund V, LP | Torchlight Debt | 2015 | $40M | $3.9M | — | — | — |
| Warburg Pincus Private Equity Fund XI, L.P. | Warburg Pincus | 2009 | $40M | $8.8M | — | — | — |
| Advent International GPE VIII-B, L.P. | Advent International | 2016 | $36M | $24.7M | — | — | — |
| American Securities Partners VII, L.P. | American Securities | 2016 | $35M | $25M | — | — | — |
| Ascribe Opportunities Fund III, L.P. | Ascribe | 2014 | $35M | — | — | — | — |
| Hellman & Friedman Capital Partners VIII | Hellman & Friedman | 2016 | $35M | $38.5M | — | — | — |
| Landmark Equity Partners XVII, L.P. | Landmark Partners | 2022 | $35M | $18.2M | — | — | — |
| New Enterprise Associates 17 | New Enterprise Associates (NEA) | 2019 | $35M | $31.5M | — | — | — |
| Providence Debt Fund III | Providence | 2013 | $35M | $2.7M | — | — | — |
| TA XIII, L.P. | TA Associates | 2019 | $35M | $42.8M | — | — | — |
| The Resolute Fund III, L.P. | Resolute | 2014 | $35M | — | — | — | — |
| Thoma Bravo Fund XII | Thoma Bravo | 2016 | $35M | $19.1M | — | — | — |
| TPG Growth Fund III, L.P. | TPG | 2002 | $35M | $17.9M | — | — | — |
| TPG Growth IV LP | TPG | 2018 | $35M | $27.5M | — | — | — |
| TPG Rise Climate | TPG | 2021 | $35M | $24.8M | — | — | — |
| TPG Tech Adjacencies, L.P. | TPG | 2018 | $35M | $32.2M | — | — | — |
| Veritas Capital Fund V | Veritas Capital | 2015 | $35M | $17.7M | — | — | — |
| Vista Equity Partners Fund VII L.P. | Vista Equity Partners | 2018 | $35M | $38.3M | — | — | — |
| Silver Lake Partners V LP | Silver | 2018 | $33.5M | — | — | — | — |
| Platinum Equity Small Cap Fund, L.P. | Platinum Equity Small | 2018 | $33.3M | $34.6M | — | — | — |
| GTCR Fund XI, L.P. | GTCR | 2014 | $31M | $16.9M | — | — | — |
| Cinven Fifth Fund, L.P. | Cinven | 2012 | $30.9M | $7.9M | — | — | — |
| CVC Capital Partners VI, L.P. | CVC Capital Partners | 2014 | $30.9M | $23.4M | — | — | — |
| Advent International GPE VII B | Advent International | 2012 | $30M | $2.4M | — | — | — |
Largest 100 of 287 disclosed positions. Source: Hawaii ERS - HIERS-FOIA-Q2-2025-1. TVPI = total value / paid-in; DPI = distributions / paid-in.