In addition, Elliott Management Corporation manages two multi-strategy hedge funds which combined have approximately $US28 billion of assets under management with its flagship fund, Elliott Associates, L.P., one of the oldest hedge funds under continuous management.
“Elliott has been a long-term investor in the technology space and today’s announcement continues our progress,” Elliot Management, senior portfolio manager, Jesse Cohn, added.
“This acquisition represents a significant deal by Evergreen Coast Capital, Elliott’s recently established Menlo Park affiliate. We look forward to working with Francisco Partners to create significant value at these companies.”
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