Washington, DC — Douglas Lowenstein, the outgoing president of the Electronic Software Association, has agreed to become the president and CEO of a newly formed association in Washington that represents leading private equity firms.
The Private Equity Council said that Lowenstein would assume his new job in February after wrapping up his tenure at the ESA, which ran the now-downsized E3 Expo video-game show.
The Private Equity Council is made up of 11 of the most powerful investment firms in the United States, including The Carlyle Group, Apollo Management, Kohlberg, Kravis Roberts & Co., and the Texas Pacific Group.
The members include companies that were behind the 2006 buyouts of VNU and other companies involved in industry publishing and exhibitions.
The association’s stated goal is to serve as an industry advocate in the capital and to also as a “resource for those seeking to better understand the industry’s role in the rapidly evolving global economy.”
The strategy involves research and outreach to governments, investors and companies and to explain the benefits private equity can provide to communities and employee pension funds.