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HIERS approves $100m commitment

The US public pension has backed a secondaries-focused fund.

Employees' Retirement System of the State of Hawaii committed up to $100 million to Landmark Equity Partners XVI, Landmark Partners’ latest secondaries fund.

The $14 billion US public pension has a 7 percent allocation to private equity that currently stands at 5.8 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.