Ex-FCC Chairman Genachowski Joins The Carlyle Group
Former FCC chairman Julius Genachowski has joined private-equity firm The Carlyle Group, it was announced today.
Genachowski will be based in Washington, D.C., as a managing director and partner in Carlyle's U.S. buyout team and will focus on investments in global technology, media and telecom.
"Deep industry specialization is core to our investment strategy and Julius brings a wealth of knowledge and experience to these sectors. His judgment about how these sectors will evolve will be invaluable to us," U.S. buyout team co-head Pete Clare said in a statement.
Genachowski added: "It's an exciting time in the space, with an ongoing wave of innovation creating significant opportunities for investment. I'm grateful to have been part of developments around tech, media and telecom for many years, working with some of the best in the business, and I'm looking forward to joining my new and superbly talented Carlyle colleagues to help find and build businesses."
Genachowski spent four years as FCC chairman before departing last May. Prior to his 2009 appointment to the agency that regulates broadcast, cable and telephone companies, Genachowski was a senior executive at IAC/InterActiveCorp, which he joined in 1997. Genachowski announced his intention to resign from the FCC last March.
Since leaving the FCC, Genachowski taught a joint class at Harvard's Business and Law Schools and served as a senior fellow at the Aspen Institute.