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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.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The plan is looking to hire one firm to replace two existing fixed-income managers.