Carlyle Strengthens Executive Team With Jenkins, Sokoloff Hires

Sep 12 2016 | 11:02pm ET

Global alternative asset giant Carlyle Group has made two additions to its senior management team.

Mark Jenkins, former global head of private placements for the Canada Pension Plan Investment Board (CPPIB), has joined the firm as head of global credit, while it has also brought former Jefferies global head of financial sponsors Adam Sokoloff aboard as an executive in its private equity group. 

Jenkins will be based in New York and will start at Carlyle by the end of September, the company said in a statement. During his eight years with CPPIB, he built and oversaw the principal credit investments group, the multi-strategy credit investment platform at CPPIB, led the acquisition of Antares Capital and the expansion of CPPIB’s middle-market direct lending efforts. Prior to CPPIB, he was co-head of leveraged finance origination and execution for Barclays Capital and worked for 11 years at Goldman Sachs & Co.

Sokoloff, meanwhile, joins Carlyle’s private equity efforts after a 14-year stint at Jefferies, where he was global head of the bank’s financial sponsor advisory business.HJe will be tasked with finding deals for the company’s mid-market funds, according to a Bloomberg article citing an email Sokoloff wrote to clients and friends on Monday. 

Sokoloff left New York-based Jefferies in March after the firm merged its junk-rated loans and business into a joint venture with MassMutual Finance Group. Sokoloff was replaced by U.S. sponsors co-head Jeffery Greenip.

Carlyle raised $2.4 billion for its second middle-market equity group in February, according to Bloomberg. The buyout vehicle aims to make control investments of $20 million-$200 million in middle-market businesses.

Carlyle manages $176 billion in private equity holdings, credit assets, real estate and hedge funds across 127 funds and 164 fund of funds vehicles as of June 30, 2016. The firm was founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello.


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