Global alternative asset manager The Carlyle Group has named Julius Genachowski a Managing Director and partner in the U.S. Buyout team. He will focus on investments in global technology, media and telecom, including Internet and mobile. Genachowski is returning to the private sector after serving as Chairman of the Commission for four years, departing last May. Genachowski will be based in Washington, DC.
Said Genachowski: “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 worked for more than a decade in the private sector prior to his FCC appointment. He helped build IAC/InterActiveCorp, which owned and operated multiple Internet and media businesses, including Expedia, Ticketmaster and USA Network.
Since leaving the FCC, Genachowski has taught a joint class at Harvard’s Business and Law Schools, and served as a Senior Fellow at the Aspen Institute, the non-partisan education and policy organization.
Since inception, Carlyle has deployed on a global basis more than $18 billion in equity in investments in the technology, media and telecom sectors. Investments include Syniverse Technologies, Nielsen, Dex Media, AMC Entertainment, Insight Communications, CommScope and SS&C Technologies.
Carlyle’s U.S. Buyout team recently completed the final close of Carlyle Partners VI, a $13 billion fund that invests in U.S. corporate buyouts and strategic minority investments across six industries.