Carlyle Nabs Senior Official From Canada’s Largest Pension Fund

One of the top investment staffers at the Canada Pension Plan Investment Board is moving to Carlyle Group.

CPPIB made several new appointments following the move.

More on the Carlyle move from the Wall Street Journal:

Carlyle Group LP hired a senior executive from Canada’s biggest pension fund to oversee debt investing, part of the asset manager’s effort to regroup from setbacks in its credit and hedge funds business.

Washington, D.C.-based Carlyle tapped Mark Jenkins, most recently head of global private investments at Canada Pension Plan Investment Board, for the newly created position, according to a statement.

Global market strategies has been a sore spot for Carlyle, largely because of struggles at its hedge funds Claren Road Asset Management, Vermillion Asset Management LLC and Emerging Sovereign Group LLC. In May, Mitch Petrick stepped down from a role running the $34.7 billion business. Carlyle tasked longtime private-equity executive Kewsong Lee to rebuild it and has said it is reviewing options to improve the unit’s performance.

Mr. Jenkins is focused on the unit’s credit investing, which includes energy lending, providing capital to mid-sized companies and bets on distressed debt.

[…]

During his eight years at CPPIB, he built the pension fund’s direct-lending business and oversaw its $12 billion acquisition of General Electric Co. ’s private-equity lending business, Antares Capital. Before that, Mr. Jenkins co-led Barclays PLC’s leveraged-finance business in New York and worked in Goldman Sachs Group Inc. ’s finance and fixed-income departments.

And the other moves at the CPPIB, from a press release:

--  Graeme Eadie is appointed Senior Managing Director & Global Head of Real
    Assets, a new investment department that brings together the Real Estate
    Investments department with our existing Infrastructure and Agriculture
    groups. This change will create a better alignment with our Strategic
    Portfolio. Mr. Eadie has been with CPPIB since 2005, and was most
    recently Senior Managing Director & Global Head of Real Estate
    Investments. 
    
--  Shane Feeney is appointed Senior Managing Director & Global Head of
    Private Investments. Mr. Feeney will also join CPPIB's Senior Management
    Team. In this role, Mr. Feeney will be responsible for CPPIB's private
    investment activities and will report to Mark Machin. Mr. Feeney was
    most recently Managing Director, Head of Direct Private Equity for
    CPPIB. He joined CPPIB in 2010 and has 18 years of private equity
    experience. Before joining CPPIB, he was a partner and founding member
    of Hermes Fund Managers Limited's direct private equity business. He had
    also previously been an Associate Director with Morgan Grenfell Private
    Equity in London.  
    
--  Ryan Selwood is appointed Managing Director, Head of Direct Private
    Equity, and will be responsible for overseeing co-sponsorships and other
    direct private equity transactions. Mr. Selwood was most recently a
    Managing Director in the Direct Private Equity group and lead for
    CPPIB's financial institutions investing initiative. Mr. Selwood
    previously led CPPIB's direct private equity activities in Europe. Prior
    to joining CPPIB in 2006, Mr. Selwood was a Vice-President at Merrill
    Lynch & Co. in the Financial Institutions Group in the Investment
    Banking Division in New York.

Share This Post

Recent Articles

Leave a Reply

Privacy Policy | © 2017 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·