Monday, January 6, 2014

The Carlyle Group Hires Former FCC Chairman to Head U.S. Buyout Team

The Carlyle Group, a global investment fund with over $185 billion under management (NASDAQ: CG), named Julius Genachowski a Managing Director and partner in the U.S. Buyout team.

Genachowski, who served as FCC Chairman from 2009 till last year, is expected to focus on investments in global technology, media and telecom, including Internet and mobile. He will be based in Washington, DC.

Carlyle said its 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. Two hundred sixty-nine investors from 43 countries committed capital to the fund.

  • In May 2013, Julius Genachowski accepted a senior fellowship at the Aspen Institute Communications and Society Program following his resignation as chairman of the FCC. The Aspen Institute is an educational and policy studies organization based in Washington, D.C. The Aspen Institute Communications and Society Program addresses the societal impact of communications and information technologies, and provides a multi-disciplinary venue for considered judgment on communications policy issues. Genachowski was the 5th consecutive FCC chair to accept this fellowship after ending the chairmanship, including Kevin Martin, Michael Powell and Reed Hundt.

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