Goldman Sachs has hired Darren Schluter, a managing director from PJT Park Hill, to bolster its secondaries advisory unit. Schluter, based in New York, will join Goldman with the same title after completing his gardening leave. He brings extensive experience in sourcing and executing secondaries deals from his tenure at PJT since 2011 and earlier work at Landmark Partners.

Schluter's move follows Goldman's recent expansion of its secondaries capabilities, including the hiring of Andrei Brougham from Rothschild & Co in London. The investment bank's secondaries team, led by Josef Menasche, has been actively building out European advisory capabilities. Schluter joins after another PJT managing director, Ayesha Hussain, departed for an undisclosed role late last year.

The competitive landscape for secondaries talent remains intense, with advisory moves continuing into the new year. Goldman's team recently advised on New Mountain Capital's $3.1 billion continuation fund for Real Chemistry, where Coller Capital emerged as lead buyer. Industry sources indicate PJT continues to grow its secondaries advisory capabilities despite losing key personnel to competitors.