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.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The senior partner will lead the firm’s newly established Washington D.C. office.
The firm has added six managing directors and three principals to its global investor relations and distribution team.