This allocator's name, 60 more managers, 363 more commitments and 374 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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State retirement system in Hawaii

State retirement systemstate general· Hawaii

State retirement system, based in Hawaii, reporting $24B in assets, for 156,904 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$24B
Fund commitments
366
Managers
96
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

H••••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $8.0M to $35.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedH••••• E••••••••• R••••••••• S••••• h•••• N•• E••••••••• A••••••••• 1•• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• N•• E••••••••• A••••••••• 1•• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.
H••••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $15.0M to $30.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedH••••• E••••••••• R••••••••• S••••• h•••• S•••• C•••••• G••••• F••• V• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• S•••• C•••••• G••••• F••• V•••• L•••• i• o••• ••••• c•••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.
H••••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $15.0M to $30.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedH••••• E••••••••• R••••••••• S••••• h•••• S•••• C•••••• V•••• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• S•••• C•••••• I•• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.
H••••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $5.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedH••••• E••••••••• R••••••••• S••••• h•••• C••••••• V••••••• V• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• C••••••• V••••••• V•• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.
H••••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

Why it matters: This allocator committed to the prior fund of a series that now has a successor fund. Existing LPs are the first calls in any raise, so this is the re-up list for the GP, and for a competing GP it shows whose capital may be in play.

Who acts on this: GPs raising a successor fund, placement agents, and competing GPs in the same strategy.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $3.0M to $5.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedH••••• E••••••••• R••••••••• S••••• h•••• C••••••• 5• L••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• C••••••• 6• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.

What matters now

  1. 7
    re-up prospects

    7 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.

    Managers it already backs are raising again; a re-up decision is coming.

    Inferencea successor fund observed for a manager the plan backsRe-up prospects →

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
State retirement system in Hawaii
Funds committed to
All 159
Managers
All 63
Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$24B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
0.0%
policy Jun 30, 2024
Commitments
366
96 managers on Schedule C
Allocation policy
ACFR, as of Jun 30, 2024
Asset class (as printed)BucketTargetRangeActualGapBasis
Opportunities / OtherOther0.0%reported ers.ehawaii.gov
Policy periods on the tape: Jun 30, 2024 (ACFR), Jan 1, 2024 (ACFR), Jul 1, 2022 (ACFR). Target changes between periods are on the what changed list.
Consultants and advisers
2 firms
People
2 roles
Chief investment officer
Kristin Varela
Chief Investment Officer (Jun 30, 2024) ers.ehawaii.gov
KRISTIN VARELA, Chief Investment Officer
Manager roster
63 managers on the commitment tape
From the plan’s own commitment disclosures

+60 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

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What changed
379 events
  • Sep 24, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Resolute Fund VII, L.P.: condition no longer holds; not judged
    with TJC LPno URL
  • Sep 24, 2026re up prospect resolvedreport dateinference
    Re-up prospect for Threshold Ventures V, L.P.: condition no longer holds; not judged
    with Threshold Management, LLCno URL
  • Sep 24, 2026re up prospect resolvedreport dateinference
    Re-up prospect for GTCR Fund XV/B LP: condition no longer holds; not judged
    with Gtcr LLCno URL
  • Sep 24, 2026Re-up prospectreport dateinference
    with U.S. Venture Partners$6.4Mno URL
  • Sep 24, 2026Re-up prospectreport dateinference
    with Spark Capital$15.0Mno URL

+374 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
366 rows, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2025Kaala Commonfund Capital, L.P.CF Private Equity, Inc.Venture$200M2022Disclosed holdingers.ehawaii.gov
as of Dec 31, 2025Charterhouse Capital Partners XII, L.P.unresolvedPrivate equity$104M2025Disclosed holdingers.ehawaii.gov
as of Dec 31, 2025Stone Point Fund X, L.P.unresolvedPrivate equity$100M2025Disclosed holdingers.ehawaii.gov

+363 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding
46 readings
Total assets
$24B Jun 30, 2024 derived Census ASPP
$22B (2023-06) · $22B (2022-06)
Fiduciary net position
$24B Jun 30, 2024 reported ACFR
$22B (2022-06)
Long-term investments
$23B Jun 30, 2024 reported Census ASPP
$22B (2023-06) · $21B (2022-06)
Total pension liability
$13B Jun 30, 2022 derived Census ASPP
Discount rate
7.00% Jun 30, 2024 reported Census ASPP
7.00% (2022-06)
Participants
156,904 Jun 30, 2024 derived Census ASPP
128,213 (2023-06) · 152,127 (2022-06)
Active members
65,337 Jun 30, 2024 derived Census ASPP
64,243 (2023-06) · 64,234 (2022-06)
Beneficiaries
55,820 Jun 30, 2024 reported Census ASPP
54,973 (2023-06) · 53,990 (2022-06)
Benefits paid
$1.9B Jun 30, 2024 reported Census ASPP
$1.8B (2023-06) · $1.7B (2022-06)
Investment expense
$174M Jun 30, 2024 reported Census ASPP
$154M (2023-06) · $213M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target.

Capital chain

This record sits on 712 traced paths of capital across the graphs.

Allocator to PE fund to manager to companyAllocator to VC fund to manager to company

DFX traced 712 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Record history

380 dated events on the change ledger, latest first
  • Re up prospect resolved
    2026-09-24
  • Re up prospect resolved
    2026-09-24
  • Re up prospect resolved
    2026-09-24

+377 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+381 connections on the graph

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