Wale is hopping into the producer’s chair. Alongside his management company EQT, Folarin is set to executive produce the upcoming crime series Silk, which is based on infamous ’90s hitman Wayne Perry.

Wale is taking his connection to Washington D.C. in a bold new direction with “Silk,” a television series focused on the city’s violent past and the life of Wayne “Silk” Perry. The Grammy-nominated ...