Monday, January 6, 2014

Carlyle Pockets Former FCC Chair

Dealbook reported:

The former chairman of the Federal Communications Commission has taken a senior role at the Carlyle Group, the big private equity firm with longstanding connections in Washington.

Julius Genachowski, who was chairman of the F.C.C. until last May, joins Carlyle as a managing director and partner in the United States buyout group, the firm said on Monday. Mr. Genachowski, a proponent of a free and open Internet, will work on investments in the technology, media and telecommunications sectors, including the Internet and mobile.

The last FCC Chairman Carlyle hired was William Kennard.  Mr. Genachowski, who started at Carlyle on Monday, was once an adviser to another private equity underwriter (PEU), General Atlantic. It's a PEU world, where Red and Blue love PEU.

Update 4-21-14:  Genachowski landed a newly created slot on affiliate Syniverse's Board of Directors.