Ex-FCC Head To Carlyle

Jan 6 2014 | 1:41pm ET

The former chairman of the Federal Communications Commission is returning to the private-equity industry.

Julius Genachowski, who led the FCC for nearly four years before his exit in May, was named a partner at the Carlyle Group. A member of the Washington, D.C.-based firm's U.S. buyouts team, Genachowski will focus on technology, media and telecommunications.

"Deep industry specialization is core to our investment strategy and Julius brings a wealth of knowledge and experience to these sectors," Allan Holt, co-head of Carlyle's U.S. buyout group, said. "His judgment about how these sectors will evolve will be invaluable to us."

"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 said.

Prior to his appointment by President Barack Obama—a classmate at Harvard Law School—to head the FCC, Genachowski served as a special adviser to p.e. firm General Atlantic, among other pursuits. Since leaving the agency, he has taught at Harvard Law and the university's business school.

Genachowski is only the latest government veteran to move to p.e. in recent months. Just last week, former Sen. Joseph Lieberman (I-Conn.) joined Victory Park Capital, following former Treasury Secretary Timothy Geithner (Warburg Pincus) and former Central Intelligence Agency Director and retired general David Petreaus (Kohlberg Kravis Roberts). Just last year, Carlyle itself hired a former House of Representatives staffer, Barrett Karr, to head its government affairs department.


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