Bono’s private equity firm on tour for $1 billion
Wednesday 21 March 2012, by pour U2 France
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Singer Bono of the band U2 walks at the Inca citadel of Machu Picchu in Cuzco (HANDOUT, REUTERS)
by Greg Roumeliotis
The private equity group co-founded by Irish rock star Bono has approached investors seeking $1 billion for its second fund, buoyed by its success with investments in Facebook Inc and Yelp Inc, a person familiar with the matter said on Tuesday.
Elevation Partners LP, which shares its name with a hit song released by Bono’s U2 band in 2000 and invests in the media, entertainment and technology industries, is hitting the fundraising trail as Facebook, its most high-profile investment, prepares for a $5 billion initial public offering (IPO).
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En savoir plus : Reuters
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