Fund performance: Secondaries take the lead in Hawaii’s growth portfolio


venture capital, Hawaii Employees’ Retirement System, Summit Partners, Abraaj Capital
A sailboat passes in front of clouds lit up by the sunset sky off Waikiki in Hawaii, U.S., December 30, 2016. REUTERS/Kevin Lamarque - RTX2X0F4
Three small secondary purchases top a portfolio of late-vintage growth funds at Hawaii Employees’ Retirement System, though funds from Summit Partners and Abraaj Capital also stand out. The portfolio of funds from vintages 2011 to 2016 is weighted toward large ...

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