PJT Park Hill has bulked up its LP-led offering with a senior hire in its London office.
The investment bank has hired Jefferies’ former co-head of private capital advisory Brenlen Jinkens as a senior adviser in its private capital solutions group, a source familiar with the matter told Secondaries Investor. Jinkens is understood to be joining Monday.
Jinkens will give PJT an on-the-ground ability to focus on LP-led advisory in Europe and incremental seniority, market coverage and global momentum to what the investment bank has been executing on, Secondaries Investor understands. He will also focus on advisory work in the Middle East.
Jinkens joined Jefferies in 2020 to help launch its secondaries advisory team, Secondaries Investor reported at the time. He led the unit’s activities in Europe and MENA.
Prior to Jefferies, Jinkens was head of European capital advisory at Greenhill, having joined Cogent Partners in 2004, prior to Greenhill’s acquisition of the group in 2015. He had been responsible for all aspects of client engagements and transaction execution, focusing on continental Europe and the UK, Secondaries Investor reported at the time of his departure.
PJT declined to comment on the appointment. Jefferies did not return a request for comment.
PJT Park Hill is advising Dutch pension administrator PGGM, which is exploring a sale of up to $2 billion of its private equity portfolio, affiliate title Buyouts reported in October. PGGM managed about €23 billion in private equity assets as of December, committing about €3 billion per year in funds, co-investments and secondaries, according to the system’s website.
PJT also advised on a roughly €750 million deal to move two assets out of Deutsche Private Equity‘s 2016-vintage DPE Deutschland III, which secured Europe’s Secondaries Deal of the Year in affiliate title Private Equity International‘s 2023 PEI Awards. AlpInvest Partners, HarbourVest Partners and Pantheon were buyers in the transaction.