Iowa pension open to Asian bids for private debt RFP
The $34 billion public fund plans to invest up to $850 million into opportunistic private credit mandates in a drive to ramp up its illiquid asset exposure.
The Iowa Public Employees’ Retirement System (Ipers) has issued a request for proposal for opportunistic private credit products and will consider pitches from Asia-based or Asia-focused asset managers.
The $34 billion fund said on Wednesday (October 7) that it planned to evaluate and select multiple managers to run a portfolio of up to $850 million in size and it has set a deadline of November 10 for bids.
“We will consider all proposals,” a spokeswoman told AsianInvestor by em…
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