Elevation Aims High

The managing director of the private equity firm that includes singer Bono talks about its minority stake in business publisher Forbes Media

Elevation Partners first made headlines two years ago when news broke that U2 singer Bono would join with five Silicon Valley veterans to form a new private equity firm focused on media, entertainment, and technology. After closing an inaugural $1.9 billion fund last August, Menlo Park (Calif.)-based Elevation eased into the private equity market, forming a new independent game development house with Pandemic Studios and BioWare Corp. and investing $100 million in real estate Web site Move.com.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.