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.
The $62.4bn sovereign wealth fund is working with advisor Evercore to sell the stakes, Secondaries Investor has learned.
Last year was a record year for secondaries trading with a 10% year-on-year rise, according to estimates from the intermediary.
The fund can issue debt or preferred equity and buy fund stakes on the secondaries market, documents from a US pension show.
The Carlyle fund of funds unit made Chris Perriello a partner and made two other promotions in its secondaries team.
Private equity and real estate secondaries funds raised more than a combined $38bn last year, driven by Strategic Partners and Goldman Sachs Asset Management vehicles.
The Asian direct secondaries firm has hired Motoya Kitamura, previously founder of Roc Partners, as managing partner.
The investment firm made 32 promotions globally including at least five who work on secondaries.
The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.