# Hawaii Carpenters Financial Security Fund

Hawaii Carpenters Financial Security Fund is a Pension Fund based in Honolulu, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** 200 North Vineyard Boulevard Suite 100, Honolulu, HI 96817, United States
- **Founded:** 1988
- **Assets under management:** 488 (Altss estimate)
- **Website:** www.hbai.net

## About

The Hawaii Carpenters Financial Security Fund was established in 1988 to manage retirement assets for members of the Hawaii Regional Council of Carpenters. Ronald Taketa serves as co-chair alongside contractor trustees appointed by employer associations. The plan allocates 0.2 percent of assets to private equity via fund-of-funds mandates. Investment managers include Bernhard Capital Partners since 2021 and BlackSand Capital since 2018. Geographic exposure centers on North America with primary activity in Hawaii. The fund maintains one related vehicle, the Hawaii Carpenters Apprenticeship Training Trust Fund founded in 1971. It works with five service providers including McCorriston Miller Mukai MacKinnon LLP for legal counsel. Governance follows a ten-trustee structure split evenly between union and employer appointees, with the Hawaii Regional Council of Carpenters naming five voting members.

## Sectors

- Diversified

## People

- Ronald Taketa — Co-Chair, Board of Trustees
- Conrad Murashige — Trustee
- Charles Kaneshiro — Trustee

## Questions

### Who runs investment decisions at Hawaii Carpenters Financial Security Fund?

The board of trustees, co-chaired by Ronald Taketa, oversees the plan. External managers Bernhard Capital Partners and BlackSand Capital execute the private equity allocation.

### Does Hawaii Carpenters Financial Security Fund participate in fund commitments or only direct deals?

The plan uses fund-of-funds vehicles for its private equity exposure.

### How is Hawaii Carpenters Financial Security Fund related to Hawaii Regional Council of Carpenters?

The council appoints five of the ten voting trustees and represents the union members covered by the plan.

## Related profiles

- [32BJ North Pension Fund](https://altss.com/profile/32bj-north-pension-fund)
- [Pensioenfonds Forbo](https://altss.com/profile/pensioenfonds-forbo)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hawaii-carpenters-financial-security-fund

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