Wait, The Lock Up Period is HOW Long? (Part II)

Faithful Going Private reader, the "Inscrutable Chicken" reports that Elevation Partners just changed their website such that it now includes "consumer related businesses" in its investment criteria description.  (Perhaps the Elevation "investment team" reads Going Private?)  Of course, they seem to have done a rush job on the change as the supporting pages still don't contain any reference to "consumer related businesses."  (Oops).

If I were a limited partner I might be a little ticked off at the wide divergence from their original investment model.  Making PIPEs in PDA manufacturers seems a bit wide of their original mark, but then, I don't have their PPM so I have no idea what their original mark was (aside, of course, from "Hey, Bono, wanna be in our private equity firm?")

Don't change your brand Gimme what you got
Don't listen to the band
Don't gape Gimme what I don't get
Don't ape
Don't change your shape Gimme some more
Have another grape
Too much is not enough
I feel numb
I feel numb