Tech Investors From Bono’s Elevation Partners Get the Band Back Together
NextEquity’s founders include two former Apple executives who worked alongside Steve Jobs.
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Elevation Partners, the private equity firm co-founded by U2 frontman Bono, is still winding down. But in the meantime, three members are starting a new group. The Silicon Valley veterans have raised more than $100 million to back technology startups at their new firm, NextEquity Partners LLC.
Two of the founders have a long history together. Fred Anderson was Apple Inc.'s longtime chief financial officer, and Avie Tevanian was the company's top software executive. In 2004, Anderson helped start Elevation Partners, which took its name from a U2 song. Tevanian joined as managing director in 2010.