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The Carlyle Group Names Julius Genachowski Managing Director In U.S. Buyout Team

Stocks in this article: CG

Global alternative asset manager The Carlyle Group (NASDAQ:CG) today 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. Mr. Genachowski is returning to the private sector after serving as Chairman of the U.S. 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. Mr. Genachowski joins Carlyle today and will be based in Washington, DC.

Allan Holt, Co-Head of the U.S. Buyout team, said, “We are pleased to welcome Julius to Carlyle. His addition makes a successful U.S. buyout team even stronger and better positioned to generate premium returns for our investors.”

Pete Clare, Co-Head of the U.S. 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.”

Mr. 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.”

Mr. Genachowski served as Chairman of the FCC from June 2009 to May 2013 and is credited with transforming the agency to focus on 21 st century challenges and opportunities. He prioritized broadband, driving major initiatives to promote private investment and innovation around high-speed Internet, extend broadband access, accelerate the roll out of 4G mobile networks, free-up spectrum for wireless communications, enhance public safety communications, preserve Internet freedom, and foster competition. He presided during a period of robust innovation and private investment around communications technology and software, including broadband apps, devices and networks. Mr. Genachowski also extended the FCC’s international engagement, visiting more than 20 countries, and leading and participating in U.S. delegations and negotiations on agreements involving global Internet policy, spectrum, technology, national security, cybersecurity and privacy.

Mr. 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), and as a senior executive helped grow it, through acquisition and organically, to a company with numerous operating businesses, more than $6 billion in annual revenue and more than 25,000 employees globally. During this period, Business Week named Genachowski one of 25 “managers to watch” in the media sector.

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