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The appointment comes as the firm seeks to raise more than $10bn across various funds in its next fundraising cycle.

Negotiations between the financial services investor and the former PJT Park Hill secondaries head are understood to have been over what shape the business would take.

Pauline Chatin joins from Lyxor Asset Management, where she covered French institutional LPs and led fundraising on several products.

Fifteen people have moved across from Greenhill, following in the footsteps of five managing directors who made the move across last year.

Trey Muldrow spent 23 years with Akin Gump, where he worked on buyouts, mergers, spinouts and complex secondaries deals.

The appointments come as the investment giant is understood to be seeking as much as $2bn for its debut fund focusing on the strategy.

The departure comes as the volume of real estate secondaries reached a record high of $8.5bn last year, driven by fund and portfolio recapitalisations.

The firm is investing its Secondary Fund IV, which closed in November on €1.6bn after 18 months in market.

The promotions come as the firm seeks $3bn for its fifth secondaries vehicle.

The appointment comes at a time when many advisors are focusing on GP-led transactions.