Iowa PERS to set aside $100m for real estate, timberland and farmland
The $28 billion Iowa Public Employees Retirement System has plans to make $100 million available for possible investments in its existing real estate, timberland and farmland portfolios in 2017, according to a board-meeting document. The pension fund said much of the investments would depend upon the opportunities available. Iowa PERS has a 8 percent target allocation to real estate and a 2 percent target allocation to other real assets, which include commodities, farmland, timber, private energy partnerships and infrastructure, according to the pension fund’s website. In other news, Iowa PERS has issued an RFP for the purpose of hiring an actuarial consulting firm to provide services to the pension fund. Proposals are due Feb. 17, 2017. A contract will begin no later than July 1, 2017.