<p>Iowa Public Employees Retirement System (Iowa PERS) is looking for an investment manager for a $250 million (&euro;232 million) real estate debt strategy.</p> <p>The $28.54 billion pension fund is planning to issue a request for proposal (RFP) in the coming months, according to a board meeting document.</p> <p>The investment will form part of its private credit allocation. The pension fund is also issuing an RFP for a private corporate-lending strategy of a similar size.</p> <p>The real estate debt strategy will have the flexibility to include core and opportunistic investments.</p>