The Carlyle Group has hired Mark Jenkins as managing director and head of global credit. Previously, Jenkins worked at Canada Pension Plan Investment Board where he served as senior managing director and global head of private investments.
Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today named Mark Jenkins Managing Director and Head of Global Credit, a newly created position. Mr. Jenkins, a 23-year industry veteran, comes to Carlyle from Canada Pension Plan Investment Board (CPPIB), where he was Senior Managing Director & Global Head of Private Investments. Most notably, during his eight-year tenure at CPPIB Mr. Jenkins built and oversaw the Principal Credit Investments group, the multi-strategy credit investment platform at CPPIB. Additionally, he led the acquisition of Antares Capital and the expansion of CPPIB’s middle-market direct lending efforts. Mr. Jenkins will become a member of each credit fund’s investment committee and join Carlyle’s Management Committee. He will begin his duties at Carlyle by the end of September and be based in New York.
Kewsong Lee, Carlyle’s Deputy Chief Investment Officer for Corporate Private Equity and Head of Global Market Strategies, said, “Mark has an exceptional track record of investing, building businesses and leading teams. Credit is an important strategic priority, and Mark is the right partner to drive the growth of our credit platform.”
Mr. Jenkins said, “Carlyle is well positioned to expand its capabilities in credit and I am grateful for this opportunity. I look forward to providing innovative and strategic financing solutions to companies and management teams while pursuing attractive risk adjusted returns for Carlyle’s current and future investors. I wish my colleagues well at CPPIB and am grateful for the chance to have contributed to CPPIB’s growth and success as a leading global investment organization.”
Carlyle Co-CEOs William E. Conway, Jr. and David M. Rubenstein added, “Our credit business is broad and deep with tremendous growth potential. Mark is an experienced and proven investment leader who will help take our firm to a new level of success.”
About The Credit Platform
Carlyle’s array of credit products resides within the Global Market Strategies segment, which has $34 billion in assets under management. The GMS platform has more than 200 investment professionals in New York, Washington, DC, Los Angeles, Chicago, Hong Kong and London.
The credit platform consists of:
· Loans and Structured Credit: Carlyle’s 45 loan and structured credit funds invest primarily in performing senior secured bank loans through structured vehicles and other investment products in the U.S., Europe and Asia.
· Private Credit: Provides financing solutions, including senior secured and subordinated debt, to middle market companies.
· Energy Credit: Makes energy credit investments in North American energy power projects and companies.
· Distressed Credit: Invests in the debt and equity of operationally sound but financially distressed companies.
About Mark Jenkins
As Senior Managing Director at CPPIB, Mr. Jenkins was responsible for leading CPPIB’s Global Private Investment Group with approximately CAD$56 billion of AUM (as of 31 March 2016). He was Chair of the Credit Investment Committee, Chair of the Private Investments Committee and also managed the portfolio value creation group. While at CPPIB, Mr. Jenkins founded CPPIB Credit Investments, which is a multi-strategy platform making direct principal credit investments. He also led CPPIB’s acquisition and oversight of Antares Capital and the subsequent expansion in middle-market lending. Prior to CPPIB he was Managing Director, Co-Head of Leveraged Finance Origination and Execution for Barclays Capital in New York. Before Barclays, Mr. Jenkins worked for 11 years at Goldman Sachs & Co. in senior positions within the Fixed Income and Financing Groups in New York. Mr. Jenkins earned a Bachelor of Commerce degree from Queen’s University. He served on the boards of Wilton Re, Teine Energy, Antares Capital and Merchant Capital Solutions.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 35 offices across six continents.