{"id":99715,"date":"2009-12-16T13:20:01","date_gmt":"2009-12-16T18:20:01","guid":{"rendered":"http:\/\/www.palminfocenter.com\/news\/6664\/elevation-partners-planning-new-fund\/"},"modified":"2009-12-16T13:20:01","modified_gmt":"2009-12-16T18:20:01","slug":"elevation-partners-planning-new-fund","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/99715","title":{"rendered":"Elevation Partners Planning New Fund?"},"content":{"rendered":"<p>Fortune has <a href=\"http:\/\/brainstormtech.blogs.fortune.cnn.com\/2009\/12\/16\/could-a-new-fund-lift-elevation-partners\/\">an article out<\/a> this morning discussing the private investment outfits current state of affairs. The editorial paints a dim picture of Elevations track record to date with a focus on the firms $460 million dollar <A href=\"http:\/\/www.palminfocenter.com\/news\/9515\/palm-closes-elevation-recapitalization-deal\/\">investment in Palm Inc<\/a>. The article also points out the posibility that Elevation is considering raising a new fund, while at the same time hinting that they may need to force a sale of Palm to a bigger player.<\/p>\n<blockquote><p>\n<small><br \/>\n[&#8230;] the fate of Elevation&#8217;s first fund rests almost solely on one investment, its $460-million stake in beleaguered smartphone maker Palm (PALM). That investment is barely in the money for Elevation. It&#8217;s worth about $500 million currently.<\/p>\n<p>Elevation is demonstrably in for the long term: It chose not to sell late last year when the stock peaked around $18, compared to Tuesday&#8217;s close of $11.65. Palm recently raised $500 million in a stock offering, so its near term is secure.<br \/>\n<\/small>\n<\/p><\/blockquote>\n<p><br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<a href=\"http:\/\/ads.pheedo.com\/click.phdo?s=e83e56ac7635c54aa6b74b91a01fde9f&#038;p=1\"><img decoding=\"async\" alt=\"\" style=\"border: 0;\" border=\"0\" src=\"http:\/\/ads.pheedo.com\/img.phdo?s=e83e56ac7635c54aa6b74b91a01fde9f&#038;p=1\"\/><\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"0\" width=\"0\" border=\"0\" style=\"display:none\" src=\"http:\/\/a.rfihub.com\/eus.gif?eui=2226\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fortune has an article out this morning discussing the private investment outfits current state of affairs. The editorial paints a dim picture of Elevations track record to date with a focus on the firms $460 million dollar investment in Palm Inc. The article also points out the posibility that Elevation is considering raising a new [&hellip;]<\/p>\n","protected":false},"author":689,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-99715","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/99715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/689"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=99715"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/99715\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=99715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=99715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=99715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}