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The bank is understood to have paid €100m into the deal, which included a stake in Byron Hamburgers.

The promotions come as the firm seeks at least $6bn for private equity and real estate vehicles.

LPs now have 20 days to vote on the deal and decide whether they want to roll over or cash out.

The niche investor's second fund has hit €64m as it aims for double the amount raised for its debut vehicle in 2015.

Details of the $55bn pension's secondaries sale, which includes at least 130 fund positions, were outlined in an RFP posted on its website.

A vibrant secondaries market is one of four ways to help attract more LP capital to the asset class, according to the head of body which represents French institutional investors.

Seven shopping centres held in the NREP's Retail Fund 2 portfolio have been moved into a new vehicle.

The firm has hit its €650m target for mcp Opportunity Secondary Program IV after three months of fundraising, Secondaries Investor has learned.

The veteran will continue as head of direct funds as four executives take up their places on the committee.

Vestar Capital Partners V holds around $900m in net asset value across four assets, two of which are publicly listed.