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Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
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.
The city hired CAPTRUST Financial Advisors as its new consultant this month.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
He will develop and oversee the firm’s digital asset strategy.
He will drive and grow business with international clients from Latin America and Asia.
They will be responsible for building private equity relationships and overseeing investor relations, capital markets and project management.
The fund will consider increasing its investment with an existing real estate manager this summer as its target to the asset class is significantly underweight.
