---
title: Hawaii ERS Approves New Long-Term Policy Target Allocations
description: Hawaii ERS Approves New Long-Term Policy Target Allocations
---

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# [Hawaii ERS Approves New Long-Term Policy Target Allocations](https://dakotafunds.com/dakota-funds/fundraising-news/hawaii-ers-approves-new-long-term-policy-target-allocations)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | September 07, 2023

The Hawaii Employees’ Retirement System has approved a new long-term policy asset allocation target.

The new target increases illiquid/private markets, redefines sub-strategies, and utilizes diversifying strategies and public/private growth to increase/decrease risk.

The following was approved at the June Board meeting:

-    Public Equity: 20% (-6%)

-    Private Equity: 19% (+0.8%)

-    Liquid Credit 4% (+2.7%)

-    Private Credit: 8% (+5.2%)

-    Real Assets: 19% (+4.7%)

-    Liquid Defensive: 26% (+10.3%)

-    Liquid Diversifying: 0% (-14%)

-    Illiquid Diversifying: 4% (-1.3%)

Meketa assisted with the asset-liability study and recommendation.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

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[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/hawaii-ers-approves-new-long-term-policy-target-allocations)

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