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OHA trustees approve updated private‑markets guidelines, sharply increase secondary allocation
Summary
The Office of Hawaiian Affairs Committee on Investments and Land Management approved revised 2024 private‑markets commitment guidelines that raise the fund's allocation to secondary strategies to accelerate deployment of capital; the vote was 8-1.
Trustees on the Office of Hawaiian Affairs Committee on Investments and Land Management on Jan. 22 approved updated investment guidelines for the Native Hawaiian Trust Fund's 2024 private‑markets commitment plan, shifting a large portion of the fund's planned allocations into secondary strategies.
Administration staff presented the action item, ILM 25-01, and Endowment Director Ryan Lee said the change responds to difficulty deploying capital late in 2024 as many top‑tier funds had closed fundraising. "This adjustment will allow the Native Hawaiian Trust Fund to capitalize on the current market opportunities and enable for faster…
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