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Carlyle taps US FCC chairman Genachowski for MD role

6 Jan 2014

Julius Genachowski CarlyleUS private equity giant Carlyle has snapped up US Federal Communications Commission chairman Julius Genachowski as a managing director and partner in its US buyouts team.

Genachowski, who had a long and distinguished private sector career before joining the FCC four years ago, will focus on technology, media and telecoms deals.

While at the FCC he prioritised broadband, drove initiatives to promote private investments around high-speed internet, and accelerated the roll-out of the 4G mobile networks.

Pete Clare, Co-Head of the US buyout team, said, “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.”

Genachowski said, “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 previously 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, and as a senior executive helped grow it into a company with more than $6bn in annual revenue and over 25,000 employees globally.

Last year Carlyle’s US buyout team recently completed the final close of the $13bn Carlyle Partners VI fund.

A total of 269 investors from 43 countries committed capital to the vehicle.

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