Elevation Partners: We’re Not Fundraising (Yet)

Elevation Partners is denying a Fortune report that it is in the midst of raising its second fund.

Kevin Albert, head of investor relations for elevation, tells me that a new fundraising is “likely sometime next year,” but that stories of a current effort seem to have been incorrectly extrapolated from last month’s hiring of ex-eBay executive Rajiv Dutta.

Elevation raised $1.8 billion for its debut fund in 2008, which was around 66% called as of June 30 (according to a report from the Washington State Investment Board).