Jesse Cohn, who runs U.S. activist investments at hedge fund Elliott Management, is infamous throughout technology board rooms for offering to acquire a company to force an auction -- a tactic that has proved lucrative. Now, he’s starting an Elliott Management private-equity strategy that will give those offers an added heft, people with knowledge of the matter said...“Reports of a new multi-billion-dollar private-equity effort are incorrect. Elliott has been doing private equity for years. We are exploring the idea of augmenting our existing activity, but no firm commitments or decisions have been made at this time,” Elliott Management said in an e-mailed statement. [Bloomberg]
Elliott Becomes Private Equity Firm In Nick Of Time
Being a hedge fund just wasn’t working out well enough.