The pension plan disclosed two buyout commitments at yesterday’s board meeting.
The new executive director has been with the retirement system for roughly 30 years.
The hire concludes a search launched in May due to the incumbent’s contract expiration.
The divestments stem from New York State Comptroller Thomas DiNapoli’s Climate Action Plan.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The hire concludes a search that was launched in August.
The investment officer will support the management of the plan’s approximately $13 billion public equity portfolio.
The pension plan expects to conclude the searches between April and May.
The managing director will lead and advance the firm’s real estate platform initiatives providing growth capital to both private and public real estate companies.
He will officially join the firm on March 11 from InfraRed Capital Partners.