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 21st
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.
Since leaving the FCC, Mr. 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 organization.
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.
Since inception, Carlyle has deployed on a global basis more than $18
billion in equity in investments in the technology, media and telecom
sectors. Investments include Syniverse Technologies, Nielsen, Dex Media,
AMC Entertainment, Insight Communications, CommScope and SS&C
Technologies.
Carlyle’s 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.
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with
$185 billion of assets under management across 122 funds and 81 fund of
funds vehicles as of September 30, 2013. Carlyle’s purpose is to invest
wisely and create value on behalf of its investors, many of whom are
public pensions. Carlyle invests across four segments – Corporate
Private Equity, Real Assets, Global Market Strategies and Solutions – in
Africa, Asia, Australia, Europe, the Middle East, North America and
South America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer & retail, energy,
financial services, healthcare, industrial, technology & business
services, telecommunications & media and transportation. The Carlyle
Group employs more than 1,450 people in 34 offices across six continents.
Web: www.carlyle.com
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