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Global investment firm promoted from within for the newly created role.
The fund was developed by the firm’s liquidity committee and executed in partnership with HarbourVest Partners.
The firm also hired a head of global product and marketing.
The new cio and global head of multi-asset solutions has been with the firm for more than 30 years.
The plan also made a private equity commitment in the second quarter.
The lawsuit alleges fraudulent share sale and breach of fiduciary duty by the firm.
The plan launched a search in July as its previous manager no longer services municipal clients.
The firm is promoting a partner within its endowments and foundation practice to lead its investment strategy office, whose leader will leave at the end of the year to join a family office.
The plan will hear presentations from 12 total private credit finalists this month.
The plan added the core-plus fixed-income asset class earlier this year.