Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.

The deputy director will leave the plan after 11 years.

Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.

Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.

Sriram Lakshminarayanan was appointed cio of the $40.8 billion Iowa Public Employees Retirement System in January after serving as the plan’s chief risk officer since 2014. He took the time to answer 5 questions with FIN News.

Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.