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Kevin Martin Starts New Gig

Ex-FCC chair co-founds private equity firm

Kevin Martin, the former chairman of the Federal Communications Commission, has co-founded the investment firm Carmichael Partners.

The new company is based in Charlotte, hometown of both Martin and private equity expert Brian Bailey, a UNC classmate of Martin’s.

Bailey, most recently of Carousel Capital, said in an e-mail to associates that the new company will invest in family-owned and closely held private businesses, according to Charlotte-area newspapers.

President George W. Bush nominated Martin, a Republican, to the FCC in 2001. He moved up to chairman in 2005. After resigning from the commission a year ago, Martin joined the Washington-based Aspen Institute.

He’ll continue his Washington legal work with the Patton Boggs law firm, according to accounts.