Carlyle taps Okuliar to head capital markets

Formerly of UBS, Boris Okuliar will source investment opportunities from banks and sponsors in the US. 

The Carlyle Group has named Boris Okuliar to head up its capital markets business under its Global Market Strategies platform (GMS). Okuliar will also lead the capital markets effort for Carlyle’s business development company, Carlyle GMS Finance.

Okuliar was previously a managing director at UBS, where he headed the bank’s leveraged capital markets team from London. There, he structured leveraged loans, bridge financing and high yield bond placements, according to a statement. His responsibilities at Carlyle will include sourcing investment opportunities from banks and sponsors in the US.

“With his extensive background in syndicated and middle market leveraged finance in the U.S. and Europe, Boris will play an important role in helping ensure that Global Market Strategies, and in particular our GMS Finance business, are strongly anchored within the banking and sponsor community, enabling us to continue to invest wisely and create value for our investors,” head of GMS Mitch Petrick said in a statement.

Okuliar will start with the firm in February. He is the first person to hold this position as part of Carlyle GMS, a spokesperson told Private Debt Investor. Within the BDC, Okuliar will assume the position previously held by managing director Randy Schwimmer, whose departure was announced earlier this week. 

Earlier this week, Carlyle released a preliminary earnings report that indicated funds managed under the $34.5 billion GMS platform appreciated by 10 percent over the fourth quarter. The results include funds managed by Carlyle’s global distressed and corporate opportunities team, its energy mezzanine team and its mezzanine partners team, a spokesperson told Private Debt Investor at the time. Hedge fund and CLO strategies managed under the GMS platform were not included in the results.