The revolving door continues to swing: Former FCC Chairman Julius Genachowski will help the asset management firm invest in global technology, media, and telecom companies, The Carlyle Group announced today. The firm, founded in 1987, has invested more than $18B in tech, media and telecom companies including Nielsen, AMC Entertainment, and Insight Communications. Genachowski will help it to “generate premium returns for our investors,” says Allan Holt, Co-Head of the U.S. Buyout team. Genachowski, who ended his four-year FCC tenure in May, says that he’s “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.” Carlyle is a favorite landing spot for the well-connected in Washington. Former FCC Chairman William Kennard worked there after he left the agency in 2001. Others who teamed with the company for a time included former President George H.W. Bush, former Secretary of State James Baker, and former SEC Chairman Arthur Levitt. Filmmaker Michael Moore questioned Carlyle’s ties to the Bin Laden family in his film Fahrenheit 911.
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