The Carlyle Group has hired Julius Genachowski as a managing director and partner in the US buyout team, according to a statement.
Genachowski was the chairman of the US Federal Communications Commission from 2009 to May 2013, where he focused on promoting private investment in high-speed Internet and enhancing public safety communications. Prior to the FCC he was a special advisor for General Atlantic and co-founder of venture capital firm Rock Creek Ventures, according to his LinkedIn profile. Until 2005, Genachowski helped build IAC/InterActiveCorp, which owned and operated media businesses including online travel company Expedia and American ticket distributor Ticketmaster.
At Carlyle, Genachowski will work with co-head of the US buyout team Pete Clare on investments across the technology, media and telecom sectors. He will be based in Carlyle’s Washington DC headquarters.
Carlyle closed its sixth fund on $13 billion last November. The oversubscribed fund included $1 billion committed by Carlyle executives. Fund VI exceeded its $12 billion hard-cap and $10 billion target, Private Equity International reported.
“This year will be by far our best fundraising year since the financial crisis and the second best in our firm’s history,” Carlyle co-chief executive officer David Rubenstein said during the firm’s third quarter earnings conference call in November.
Fund VI launched in 2011 and received commitments from 269 investors from 43 countries. Carlyle’s prior buyout fund closed on $13.7 billion in 2008.
Carlyle is led by co-founders William Conway, Daniel D’Aniello and Rubenstein, as well as six additional managing directors, according to its website.