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Album that spawned a private equity firm

Monday 5 March 2012, by Pauline pour U2 France

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By Matthew Wurtzel

Private equity firm Elevation Partners might take its name from U2’s 2000 single “Elevation,” but the firm really owes its existence to the Irish rock band’s “The Joshua Tree” album, which celebrates its 25th anniversary this month.

The album served as a breakthrough for the band as it topped the Billboard 200 in the U.S. for nine consecutive weeks and produced the band’s first U.S. No. 1 hit. It ultimately went multiplatinum not only in the U.S. but across the English-speaking world, and won a Grammy Award.

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