# Elevation Partners

Elevation Partners is a Private Equity based in Walnut Creek, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Walnut Creek, United States
- **Region:** North America
- **Address:** 325 Sharon Park Drive #522, Menlo Park, CA 94025, United States
- **Founded:** 2024
- **Assets under management:** Undisclosed
- **Website:** elevation.com
- **LinkedIn:** https://www.linkedin.com/company/epllc
- **Wikidata:** Q5359694

## Regulatory record

- **CRD number:** 123971
- **SEC file number:** 801-65068
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-16T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/123971

## About

Elevation Partners is an SEC-registered investment adviser in Denver, CO, registered since 2015. The firm manages $8.3 billion in assets, $7.6 billion on a discretionary basis. It has 8 employees and 38 investment advisers.

## Sectors

- Media & Entertainment
- Enterprise Software

## People

- Roger McNamee — Co-Founder and Managing Director
- Fred Anderson — Co-Founder and Managing Director
- Bret Pearlman — Co-Founder and Managing Director
- Bono — Co-Founder and Managing Director
- Avie Tevanian — Managing Director
- Adam Hopkins — Managing Director
- Rami Reyes — Principal

## Questions

### How many investments did Elevation Partners make, and what was the fund size?

Elevation Partners raised a single $1.9 billion fund and deployed it across exactly eight investments between 2005 and the fund's wind-down in 2015. The firm's website states the portfolio count explicitly, describing it as a focused strategy at the intersection of technology and media. No subsequent institutional fund was raised under the Elevation Partners name.

### Which portfolio companies did Elevation Partners invest in?

The firm's publicly disclosed investments include BioWare / Pandemic Studios, Facebook, Yelp, Forbes Media, Palm, and MarketShare. BioWare / Pandemic was acquired by Electronic Arts; Palm was acquired by Hewlett-Packard; MarketShare was acquired by Neustar. Facebook and Yelp went public following Elevation's pre-IPO investments.

### What happened to Elevation Partners after the fund wound down?

The original fund completed its investment activity and sold its last portfolio company in 2015. Co-founders and managing directors dispersed to separate ventures. Fred Anderson, Avie Tevanian, Adam Hopkins, and Rami Reyes formed NextEquity Partners to continue the growth-stage technology and media strategy. Bono joined TPG Growth and co-founded The Rise Fund. Roger McNamee retained the Elevation Partners name for personal investments.

### Who were the key investment decision-makers at Elevation Partners?

The firm was led by five co-founders: Roger McNamee, Fred Anderson, Bret Pearlman, and Bono served as Co-Founders and Managing Directors, per the firm's own website. Avie Tevanian joined as a Managing Director, and Adam Hopkins also held the Managing Director title. Rami Reyes served as Principal. The group has since splintered, with Anderson and Tevanian leading NextEquity Partners.

### Did Elevation Partners make any investments after its main fund closed?

Yes, but not through the original institutional fund. Between 2012 and 2015, while managing exits from Elevation Partners, team members deployed capital through a separate multi-stage vehicle called Elevation Investors II. That vehicle invested in Airbnb, Uber, Sonos, Bit Stew Systems (acquired by GE), and Everlane, distinct from the original eight-deal portfolio.

## Related profiles

- [Elevate Capital Advisors](https://altss.com/profile/elevate-capital-advisors)
- [Endurance Partners](https://altss.com/profile/endurance-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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