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The $60bn pension has worked with the team previously when they were a part of Greenhill, and staff want to maintain that relationship.
The chairman of BC Partners' investment committee had previously said that single-asset deals and cross fund transactions were 'not worth the headache'.
GP-led deals are on the rise and will likely become a much greater part of overall secondary activity, which has historically been led by LP fund stake sales.
The appointment is the latest in the firm's bulking up of its secondaries advisory unit, which will be led by former PJT Park Hill exec Matthew Wesley.
The rise of GP-led deals has highlighted the importance of liability protection, bringing warranty & indemnity insurance into the secondary market, say insurance broker Lockton and law firm Akin Gump.
The firm has hired a handful of staff to join the investment bank's secondaries advisory group.
The flight towards high-quality assets is ongoing as buyers wait for clarity on the real economic impact of covid-19, according to Jasmin Capital's head of secondaries.
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In the wake of multiple key departures from the market's biggest advisor, the future of the multi-billion LP portfolio market is up for grabs.
Campbell Lutyens worked on $12.5bn of deals last year including five single-asset restructurings, two strip sales and two preferred equity deals.
Top executives from Campbell Lutyens, Evercore, Lazard and PJT Partners shared their views for Kirkland & Ellis's liquidity masterclass this week.

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