The transaction is expected to close in the third quarter.
The new MD will be responsible for acquisitions and planning, financial structuring, development, asset management and dispositions.
The plan will relaunch an emerging markets equity search tomorrow and begin a domestic core fixed-income search next month.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan made a non-core real estate commitment at its board meeting last week.
A Midwestern pension plan added a new infrastructure target as part of a new real assets structure recommended by its investment committee.
Two Sigma Real Estate will initially concentrate on real estate assets in North America across multiple segments and invest in assets supported by data science research.
Real estate and infrastructure commitments followed closed session deliberations.
Plan approved an opportunistic commitment to an existing manager pending a review by its investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.