# Hawaii Pacific Health Retirement Plan

Hawaii Pacific Health Retirement Plan is a Pension Fund based in Honolulu, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** 55 Merchant Street, 25th Floor, Honolulu, HI 96813, United States
- **Founded:** 1961
- **Assets under management:** 431 (Altss estimate)
- **Website:** hawaiipacifichealth.org
- **LinkedIn:** https://www.linkedin.com/company/hawaii-pacific-health

## About

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. 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.

## Sectors

- Healthcare
- Private Equity
- Venture Capital
- Real Estate

## People

- Raymond P. Vara, Jr. — President & CEO; Member of the Finance Committee
- David Okabe — EVP, CFO & Treasurer; Member of the Finance Committee
- Dawn Miura, MD — Director and Vice Chair of the Finance Committee

## Questions

### Who runs investment decisions at Hawaii Pacific Health Retirement Plan?

The Retirement Plan Finance Committee serves as named fiduciary and plan administrator. Members include Raymond P. Vara, Jr., David Okabe, and Dawn Miura, MD.

### Does Hawaii Pacific Health Retirement Plan participate in fund commitments or only direct deals?

The plan acts as limited partner in multiple funds including Coatue Management, Greenspring Associates, Bertram Capital, and HarbourVest Partners.

### What asset classes receive allocations from the Hawaii Pacific Health Retirement Plan?

Current allocations include private equity at 7.89 percent, hedge fund strategies, and direct real estate holdings in medical facilities.

### Which service providers support the Hawaii Pacific Health Retirement Plan?

Central Pacific Bank acts as independent fiduciary, Ernst & Young serves as auditor, and Northern Trust provides custody services.

## Related profiles

- [Windsong Trust](https://altss.com/profile/windsong-trust)
- [UMWA Health and Retirement Funds](https://altss.com/profile/umwa-health-and-retirement-funds)

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

Canonical page: https://altss.com/profile/hawaii-pacific-health-retirement-plan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology