Funds of funds have to differentiate to stay competitive, which for many means developing secondaries capabilities.
The firm used its 2015-vintage fund to back the private equity arm of Banca Popolare di Vicenza, which was one of the country's largest retail and corporate banks.
Kanji Takenaka will be charged with building a business which accounts for more than 12 blue-chip Japanese investors worth $2bn in AUM.
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.