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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.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The firm’s direct lending business recently hired two managing directors.
An interview with Peter Ackerson of Audere Capital.