Elevation Partners
 |
|
| Private Ownership | |
| Industry | Private Equity |
| Founded | 2004 |
| Founder | Roger McNamee, Marc Bodnick, Fred Anderson, John Riccitiello, Bono |
| Headquarters |
New York City Menlo Park, California |
| Products | Private equity funds |
| Total assets | $1.9 billion |
|
Number of employees
|
20+ |
| Website | www |
Elevation Partners is an American private equity firm that invests in intellectual property and media and entertainment companies. The firm has $1.9 billion of assets under management. The firm was founded in 2004 and is headquartered in New York City and Menlo Park, California. It has approximately 20 investment professionals and other employees.
Elevation Partners was founded by former Silver Lake Partners professionals Roger McNamee and Marc Bodnick, as well as Fred Anderson (Apple Inc.) and John Riccitiello (Electronic Arts). Elevation is perhaps best known for its association with Bono, lead singer of the musical group U2, who joined the company shortly after its creation in 2004. The firm is named after U2's song "Elevation". As of January 2011 Marc Bodnick departed to concentrate on the development of Quora. Elevation Partners is not affiliated in any way with The Elevation Group.
On March 22, 2005, as its first major venture Elevation attempted to purchase Eidos Interactive. However, its bid failed and the video games giant was sold to rival SCi Entertainment. On November 3, 2005, Elevation invested $300 million to create an alliance between video game developers BioWare and Pandemic Studios, making it one of the biggest independent developers in the world. It also invested $100 million in Move, Inc., which operates real estate information services.
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Wikipedia