Will focus on technology and media investments as managing director for private equity giant
Genachowski will serve as a partner on its U.S. buyout team, which recently closed a $13 billion fund to invest in six strategic industries. Genachowski will focus on technology, media and telecom prospects, particularly in the Internet and mobile sectors.
“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,” said Pete Clare, co-head of the team.
Genachowski left the FCC in May after four years as chairman. During his tenure, the commission focused much of its energy on 21st century communications issues, notably a push to improve and expanded access to broadband services across the country. He also sounded the alarm about the coming crunch in capacity for wireless services, and he initiated the plan to auction off some of broadcast TV’s spectrum allocations to ease the shortage.
“It’s an exciting time in the space, with an ongoing wave of innovation creating significant opportunities for investment,” Genachowski said.
Before joining the FCC, Genachowski was a senior exec at the predecessor company to Barry Diller’s InterActive Corp. He also worked as an adviser to private equity firm General Atlantic and was co-founder of tech incubator LaunchBox Digital.