Hawaii Pacific Health Retirement Plan

Hawaii Pacific Health Retirement Plan

The Hawaii Pacific Health Retirement Plan was established in 1961. It serves employees of the Hawaii Pacific Health not-for-profit system that operates four hospitals and multiple clinics. Raymond P. Vara, Jr. and David Okabe sit on the Finance Committee that acts as named fiduciary. The plan allocates 7.89 percent to private equity and maintains limited partner positions in Coatue Management, Greenspring Associates, Bertram Capital, HarbourVest Partners, and Airbus Ventures. Real estate holdings include direct ownership of medical centers such as Straub Benioff Medical Center and Wilcox Medical Center plus the 888 South King Street property. Geographic exposure centers on Hawaii with additional commitments to U.S. and global managers. The plan reports 431 million dollars under management. It uses Central Pacific Bank as independent fiduciary and Ernst & Young as auditor. No additional offices are disclosed beyond the Honolulu headquarters. Governance runs through the internal HPH Investment Advisory Group and the Retirement Plan Finance Committee, which set valuation policies and retain external appraisers such as Lesher Chee Stadlbauer.