Ex-Jefferies Buyout Banker Adam Sokoloff Joins Carlyle Group

  • Sokoloff to find deals for firm’s mid-market, long-dated funds
  • Executive says in e-mail he chose Carlyle among several offers

Adam Sokoloff, who formerly led Jefferies Group LLC’s financial sponsor advisory business, joined Carlyle Group LP as an executive in its private equity group.

Sokoloff will be involved in sourcing deals for Washington-based Carlyle’s middle-market buyout fund and its long-term investment fund, he said in an e-mail Monday to clients and friends, a copy of which was obtained by Bloomberg. Sokoloff left New York-based Jefferies in March.

Sokoloff started at Jefferies in 2002 and became global head of its financial sponsors group, which advises private equity firms.

“After 30 years as an investment banker, I am excited to move to the buy-side to help source new investment opportunities,” he said in the e-mail. “While several of the positions presented to me seemed worthwhile, in the end it came down to two things: opportunity and people. I believe that Carlyle offers me the best of both.”

Carlyle manages $176 billion in private equity holdings, credit assets, real estate and hedge funds. The firm was founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello.

Carlyle’s middle-market group, Carlyle Equity Opportunity, finished raising $2.4 billion for its second fund in February. The fund targets control investments in businesses requiring $20 million to $200 million in equity capital.

The firm’s long-term fund, Carlyle Global Partners, had raised $3.3 billion as of June 30, according to a regulatory filing. The pool, which seeks to deploy $200 million to $1 billion per investment, can hold companies for as long as 20 years, double a traditional fund’s life.

Randy Whitestone, a Carlyle spokesman, wasn’t immediately available to comment on Sokoloff’s hire.

Carlyle on Monday also said it hired Mark Jenkins from Canada Pension Plan Investment Board as head of global credit.

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