# Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc. is a Pension Fund based in Honolulu, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** 1001 Bishop Street Suite 2900, Honolulu, HI 96813, United States
- **Founded:** 1941
- **Assets under management:** 1724 (Altss estimate)
- **Website:** hei.com
- **LinkedIn:** https://www.hei.com

## Regulatory record

- **Reports private funds:** No

## About

Hawaiian Electric Industries, Inc. established its retirement plan in 1941 to serve employees across its operating subsidiaries. The plan operates as a defined benefit structure focused on the utility sector. The plan allocates 33 percent to private equity. Its holdings center on direct ownership of regulated utility assets and renewable projects in Hawaii. Confirmed positions include full ownership of Hawaiian Electric Company, Inc. and Pacific Current, LLC, alongside minority interest in American Savings Bank. Geographic exposure remains concentrated in the United States, primarily Hawaii. The firm reported 1,724 million USD in plan assets. It maintains membership in the Edison Electric Institute and the Electric Power Research Institute. In May 2025 the company held its annual shareholder meeting virtually to address governance, financial results, and wildfire recovery. The pension plan sits inside a publicly traded holding company structure that also owns operating businesses in utilities and banking. This integration creates direct alignment between plan governance and the parent company's regulated activities.

## Sectors

- Utilities
- Diversified

## People

- Scott W. H. Seu — President and CEO
- Admiral Thomas B. Fargo — Chairman of the Board

## Questions

### Who runs investment decisions at Hawaiian Electric Industries, Inc.?

Scott W. H. Seu serves as President and CEO. Admiral Thomas B. Fargo acts as Chairman of the Board.

### What asset classes does the plan use?

The plan allocates 33 percent to private equity. Remaining exposure centers on direct holdings in utility and renewable assets.

### Where does the plan maintain geographic focus?

All documented holdings and projects are located in the United States, with primary concentration in Hawaii.

### How is the plan related to Hawaiian Electric Industries, Inc.?

The plan is the Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries and sits within the publicly traded holding company.

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

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