What's the most common types of sub-organization? This is just the beginning. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. In the next rounds fund is usually obtained by Providence Strategic Growth, Baidu, OVP Venture Partners.The current fund was established by Jonathan Nelson. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. CPPIB, HarbourVest Partners and StepStone, had agreed to a 2:1 secondaries to primary ratio, meaning the group is set to commit as much as $450 million to Providence's latest fund, Providence Equity Partners VIII. $2.64 billion and $2.64 billion respectively. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. [52], Media related to Providence Equity Partners at Wikimedia Commons. Providence Equity Partners L.L.C. PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. We value each member of our diverse communities for their identities, journeys and experiences. But opting out of some of these cookies may have an effect on your browsing experience. Active, Closed, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity Companies. Win whats next. 20% of the total holdings value. The fund invested in TMT and communications and networking sectors. Weve served nearly half a million individuals over the past year from marginalized communities. [8][9] Prior to joining Providence, Gahan was head of Deutsche Bank's corporate and investment banking in the Americas and chief executive officer of Deutsche Bank Securities. The fund invested in TMT and communications and networking sectors. We'll use your location to find clinics, hospitals and doctors closest to you. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. Each year, Providence serves more than 6 million people of every walk of life. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. Some are required for the site to work. Compare Standard and Premium Digital here. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. Investors in Providence Equity Partners VI include Alaska Permanent Fund, which committed $40 million, the California State Teachers' Retirement System, which committed $700 million and Canada Pension Plan Investment Board, which committed $400 million, according to PEI data. Over the span of 20 years, he has been a passionate thought leader in assessing the role of information, data and technology and their impact on direct-to-consumer brands. As of 8th August 2022, Providence Equity Partners L.L.Cs top holding is 82,520,604 shares of DoubleVerify currently worth over $1.87 billion and making up 71.0% of the portfolio value. Marlink is a leading provider of high bandwidth satellite connectivity and digital solutions to the maritime and enterprise end markets. Providence Equity Partners L.L.C. If we find new data, we will add it here. the total portfolio value. Currently, their heaviest sector is Technology making up 72.4% of How are IPOs trending over time in this hub? Insights about top trending companies, startups, And we commit to doing the personal and institutional work needed to live the values of Providence, which call us to welcome all and serve one another with respect and dignity. Meet the team that's with you every step of the way. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Funds with similar focus located in United States: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. [1] [2] Check if your PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. This cookie is installed by Google Analytics. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Genuine. Valuation. [29][30][31][32][33][34][35][36], In March 2013, Providence and the National Football League formed a global partnership to invest primarily in sports and entertainment related media assets. LinkedIn sets this cookie to remember a user's language setting. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . Prior to that, Shawnt assessed private credit and equity investments across diversified sectors at Deerpath Capital. Previously, she was Operating Partner at TSG Consumer Partners from 2014-2017 where she helped source and diligence new investment opportunities in the broader apparel and retail category and oversaw operational and management strategy at portfolio companies . He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. She was also a member of the Financial Analyst Program, where she served as an analyst for The University of Texas Investment Management Company (UTIMCO). [40] As of 2021[update], the schools portfolio branded as Globeducate[41] has 55 schools in nine countries. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Accelerate Learning Announces Majority Investment from Providence Equity Partners 17 February 2023 PCF Insurance Services Secures $500 Million Preferred Equity Investment Co-Led by Carlyle Global Credit and HGGC 17 February 2023 Carlyle Announces Grant of Employment Inducement Awards News Release Archive Years 11 April 2023 We see you are visiting from an Internet Explorer browser. [49], In August 2021, it was announced that Providence Equity had purchased a majority share of Sweetwater Sound, a major musical equipment retailer based in Fort Wayne, Indiana. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. KPA is a leading provider of environmental, health and safety (EHS) compliance solutions to auto dealers and other markets with similar compliance needs. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. 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In addition to his investing activities, Anthony is a guest lecturer on private investing at the UCLA Anderson School of Business and is a member of YPO. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. personalising content and ads, providing social media features and to Stocks with a size of more than $10 billion in market cap make up Node4 is a leading U.K. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. Providence Equity Partners has 80 portfolio exits. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Shawnt began his career as an analyst with the M&A investment banking group at Lazard in Los Angeles, where he worked on transactions across Aerospace & Defense, Gaming & Leisure, and Consumer Retail. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. SEC Filings include 13F quarterly reports, 13D/G events and more. The fund is constantly included in 2-6 deals per year. PROVIDENCE - Rhode Island lawmakers in the House have approved legislation to allow state funds to be used to pay for health plans that cover state workers and Medicaid . Nexstar Reaches Multi-Year Agreement With Hulu, Linux Foundation releases DentOS 3.0 network OS, Nexstar Signs Deal With Hulu Covering MyNetworkTV Affiliates, We are much ahead of market in premiumisation: HUL MD & CEO Sanjiv Mehta, What HUL and Nestle results reveal about the recovery in discretionary spends, Mezmo Adds Free Community Plan for Managing Observability Data, After a muted Q4, high base could pose growth challenges for HUL, HULs Q4 marred by inflationary pressures, no respite in sight, HUL shares volatile ahead of Q4FY23 numbers; brokerages expect a healthy Q4 for HUL. We use Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. Private Equity Portfolio As of September 30, 2021 ($ in millions) 2011 Blackstone Capital Partners VI $200.0 $216.8 $262.8 $111.1 1.72x 12.6% 2016 Blackstone Capital Partners VII $450.0 $462.6 $174.0 $579.9 1.63x 21.6% 2020 Blackstone Capital Partners VIII $500.0 $158.7 $5.5 $190.5 1.24x n.m. 2015 Blackstone Energy Partners II $200.0 $208.4 $49 . You can make choices about cookie use below. The main department of described VC is located in the Providence. [1][2], The firm manages funds with over $31 billion in aggregate private equity capital commitments, making it a large global player in the private equity industry. Since the firm's inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services . Listening to and learning from people in our communities about the impacts of health disparities, structural barriers and community priorities are key components of this work.
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