More on Elevation Partners, Including a $210 Million Facebook Investment

Kevin Albert’s departure from Elevation Partners yesterday spurred a lot of talk about the media-focused PE shop’s performance and future. Since I’ve never really covered them, I just wanted to get some things straight about Elevation. The buyout shop invested $300 million into Forbes, $460 million into Palm and $210 million into Facebook (through two investments: $120 million in November 2009 and $90 million this past spring) and committed to invest up to $100 million to Yelp for about 20%. Another $100 million is going to Pandora, the Internet radio station provider, a source says.

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