Evsion Lab

Ross Levinsohn And Jonathan Miller To Announce New Buyout Fund Next Week

Posted by Michael Arrington under Uncategorized

This news has been simmering for a while. When Ross Levinsohn resigned as the President of Fox Interactive Media late last year it was rumored that he intended to raise a large fund to acquire Internet startups. He soon partnered with Jonathan Miller, the former Chairman and CEO of America Online and the two have been out raising capital for the last few months.

They’ve found their partner - $15 billion hedge fund General Atlantic. Details on the amount of capital committed to the new fund are scarce, but General Atlantic issued a press release today announcing that Levinsohn and Miller have become advisors to the fund. The timing is interesting - 5:14 pm EST on the Friday before the long weekend. The press was circling on this story, and the release was obviously made to preempt the news from breaking.

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