Global alternative asset manager The Carlyle Group has named Julius Genachowski as managing director and partner in the US buyout team.
He will focus on investments in global technology, media and telecom, including Internet and mobile.
Genachowski (pictured) is returning to the private sector after serving as chairman of the US Federal Communications Commission for four years, departing last May. He is an accomplished leader and expert in technology, media and telecom and brings to Carlyle almost 20 years of experience in the space. Genachowski joins Carlyle today and will be based in Washington, DC.
Allan Holt, co-head of the US buyout team, says: “We are pleased to welcome Julius to Carlyle. His addition makes a successful US buyout team even stronger and better positioned to generate premium returns for our investors.”
Genachowski says: “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. He joined the company in 1997, when it consisted of two operating businesses (Silver King Broadcasting and HSN).
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 organisation. Over the course of his career, he has been a special adviser at General Atlantic, a board member and advisor to several public and private companies, and a law clerk to United States Supreme Court Justice David Souter.
