The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The retirement system also saw two investment staff members depart this week.
The town expects to select a firm on Oct. 15.
The township had worked with Fifth Third Bank since 2023.
Jason Adams will source new investment opportunities, perform due diligence and support portfolio company management teams to help drive value creation.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The strategy exceeded its initial $1.25 billion hard cap.
The pension plan made two credit commitments totaling $60 million in the second quarter.