WARWICK, R.I., June 3, 2022 /PRNewswire/ -- Providence Business News (PBN) named InsureMyTrip Senior Vice President, Suzanne Morrow, the "Professional Services Woman to Watch". Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Over the course of 30+ years . By Tim Ingham. Public filings of Providence Equity Partners V LP raised by Providence Equity Partners LLC. 68 Private Equity jobs available in Providence, RI on Indeed.com. Providence Equity Partners | 16,271 followers on LinkedIn. The fund will target growth-oriented and traditional buyout investments in media, communications, education and information services companies. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Fund Details; Director: Providence Equity GP VIII-A LP, Providence Equity GP VIII LP: Custodian: Bank of America National Association, Citibank NA: Direct links to the EDGAR source material. and has approximately $3 billion in assets. The US-based fund . Fund Details; Director: Providence Equity GP V LP: Custodian: Bank of America National Association: Auditor: Ernst & Young LLP: Marketer: Broker: Jurisdiction: indirect: 2012-07-01: PROVIDENCE EQUITY CAPITAL MARKETS L.L.C. Providence Strategic Growth Europe collected 1.25bn, both from new and existing investors, according to a press release. Description. Our portfolio Meet the businesses we're proud to call our partners as they make their mark on the world of software. The recognition is . Jonathan Nelson has built a multidecade career in private equity at Providence Equity Partners, a firm he founded in 1989 that focuses on media, education, communication, software and services. Providence Strategic Growth Capital Partners, formerly the growth equity arm of media and communications-focused firm Providence Equity Partners, is wrapping up its first European fund. The firm last filed a Form D notice of exempt offering of securities on 2021-05-04. CSRA / CSRA Inc. / Providence Equity Partners VI L P - SC 13G Passive Investment. (Crd# 155678) Registered Location: Cayman Islands. About Providence Equity Partners Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Tuesday February 2, 2021 8:38 am. Using comprehensive data collection and analysis, the work supported by this investment will serve as a . has disclosed 7 total holdings in their latest SEC filings. Experience in action. Providence Equity Partners VI is a closed private equity fund managed by Providence Equity Partners. Providence Equity Partners, one of the private-equity industry's oldest sector-focused firms, is pitching its latest flagship fund to investors after a successful management transition last year . By Jon Chapple on 05 Jul 2021. Since the firm's inception in 1989, Providence has invested in over 180 companies and has become a leading equity . At the end of each quarter, the General Partners report on the value of invested capital. Providence VI will have a similar strategy to that of Providence Equity Partners V L.P. (together with related entities, "Providence V"), a $4.3 billion fund that was raised in 2004 and is currently 92% committed; Providence Equity Partners IV L.P. (together with related entities, "Providence IV"), a $2.8 billion fund that was raised in . has disclosed 7 total holdings in their latest SEC filings. . We invest in businesses that help the world. Stage of fund. As of September 30, 2021, the since inception Net IRR is 11.5% and the Net Multiple is 1.5x. Find potential buyers without revealing your identity. . NEW YORK, May 16 (peHUB) - Providence Equity Partners has raised $4 billion to $4.5 billion for its seventh fund, which has a $6 billion target, and the firm will likely hold a final close in the . '' Results. Public filings of Providence Equity Partners VIII-A LP raised by Providence Equity Partners LLC. The PCA Core Equity Portfolio focuses on identifying companies with secular or cyclical tailwinds that help propel growth within an industry. superior returns. Description. Providence Ventures generally targets mid-to late-stage venture investments across Healthcare IT, MedTech, and tech-enabled services. the portfolio is more likely worth $400 million . 4 percent of the fund is owned by fund of funds. These principles and values are based on the Just Transition* model. There is currently no minimum investment for Providence Equity Partners Vi International L.P. . Except Necessary Cookies. Private Equity Program Fund Performance Review. They know their community best. UPDATED: Warner Music Group and Providence Equity Partners today announced plans to invest in recorded-music and music-publishing catalogs via a newly established platform, Tempo Music Investments, that has raised $650 million. With a dedication to the fundamentals, understanding of the software market and lessons learned in the operational trenches, we're focused on helping propel companies to the next level. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Friday March 26, 2021 8:57 am. Results per page: 25 50 100 200 Next of 0 Prev. The firm is expecting to hold a first close on the fund in the spring of 2022. Boston, MA - Providence Strategic Growth Capital Partners L.L.C. They allow you to move around the site and use its features. Providence Equity Partners Vii-A L.P. Providence Equity Partners Vii-A L.P. is a private equity fund operated by Providence Equity Partners L.L.C. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Related Reports. Providence Equity targets $6B for new fund. Wednesday November 24, 2021 1:18 pm. The firm is targeting $6 billion for its newest main buyout fund and expects to hold a first close sometime in . London, July 24, 2017 - Private equity funds managed by Blackstone ("Blackstone") announce the acquisition of Clarion Events, one of the world's leading independent events organisers, from private equity funds managed by Providence Equity Partners ("Providence").. Headquartered in London with over 950 employees in 13 offices worldwide, Clarion operates and delivers over 180 events . Export. Since the firm's inception in 1989, Providence has invested in more than 170 companies and is a leading equity investment firm focused on the media, communications, education and technology . 0 percent of the fund is owned by fund of funds. Among the first acquisitions of the venture are selected copyrights of Grammy Award-winning songwriters Jeff Bhasker and Shane McAnally, and Ben Rector. Latest Holdings, Performance, AUM (from 13F, 13D) Providence Equity Partners L.L.C. Advancing health equity one person at a time . The previous fund in the series, PSG IV, closed on $2bn in capital . . Our core equity portfolio focuses on identifying industry-leading companies that have secular or cyclical tailwinds driving company and industry growth. Direct links to the EDGAR source material. RENTON, Wash., Sept. 1, 2020 - Providence, one of the nation's largest health care systems, announced a new investment of $50 million over the next five years as part of an effort to reduce health disparities and achieve health equity. ("PSG" or the "Firm"), an affiliate of Providence Equity Partners L.L.C., a premier private equity investment firm with over $45 billion in aggregate capital commitments, announced today that it closed its fourth fund ("PSG Fund IV") with $2.0 billion of limited . Wiz Khalifa (Atlantic Records) It's been a seemingly bumpy 18 months for Tempo Music Investments, the New York-based portfolio company of Providence Equity Partners, since it launched in Q4 2019. We've spent our careers in the growth-stage software space and appreciate the importance of a company's inflection point. As a strategic venture capital firm, we offer investment capital, health system expertise, and access to health system decision-makers, driving adoption and uncovering customer-level insights within and beyond Providence. (Sales figure is modelled). Providence Equity Partners, a private equity firm known for its early bets on companies such as Hulu and Ironman, has raised more than $6bn for its latest flagship fund, according to a person familiar with the matter. Over the life of an investment, they seek to deploy $8 to $15 million. Direct links to the EDGAR source material. The purpose of the equity allocation is to provide capital appreciation in excess of the S&P 500. PSG was incubated at Providence Equity Partners, a premier private equity investment firm with approximately $44 billion in aggregate capital commitments. Providence Equity Partners is seeking $6 billion for its latest flagship fund, The Wall Street Journal reported. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. The funding, which includes a $50,000 match from the Rhode Island Foundation, will help the City better understand and better address the environmental concerns and needs of [] The term "Providence Investments" used herein refers to Providence Investments, LLC, an Alabama limited liability company, and its affiliates. Nelson sat down with WSJ Pro Private Equity editor Laura Kreutzer in January as part of an interview series for the . Providence is a premier global asset management firm with more than $50 billion in assets under management across complementary private equity and credit businesses. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Diversified Income Our diversified income portfolio targets higher income for investors who seek greater returns than those available through traditional bond investments. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. In 2007, Rajan Raheja-controlled Asianet Satellite Telecommunications Ltd struck an approximate $60 mn deal with private equity fund manager Providence Equity Partners. and has approximately $3.5 billion in assets. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. Private equity's failing grade: Private equity investment in for-profit colleges PEstakeholder.org is maintained by the Private Equity Stakeholder Project. The communities in which we partner have dedicated local leaders who are working to address pressing local concerns. that make a difference. l e a r n. Providence helps build and grow exceptional businesses. The current minimum investment for Providence Equity Partners Vii-A L.P. is $20000000. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Strategic venture capital transforming healthcare. We invite the Sustainability Oce of the City of Providence to adopt the following Principles and Values so that Providence can move forward in achieving racial equity. Year of Final Close. Providence Group, L.P., a Delaware limited partnership (the "Partnership"), is a five million dollar ($5,000,000) private equity group created for the purposes of acquiring smaller "microcap" Portfolio Companies through the use of leveraged buyout financing, typically in coordination with the management of the Portfolio Company being acquired. Providence Equity Partners, the private-equity owner of live entertainment firms including Superstruct Entertainment, Ambassador Theatre Group and Tait (Towers), has bought into Sweetwater, the leading US retailer of musical instruments and audio equipment. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and Florida . The company was sold to Madison Dearborn, Providence Equity and WCAS in July 2007. NEW Providence Onshore Balanced Portfolio is based out of New York. The firm prefers to invest through means of buyouts, add-ons, recapitalization, and growth capital. Apply to Fund Accountant, Investment Analyst, Tax Director and more! Providence Equity. It is recognized that pursuit of this objective could entail the assumption of greater return variability within individual sectors. Providence Equity Partners, one of the private-equity industry's oldest sector-focused firms, is pitching its latest flagship fund to investors after a successful management transition last year. PORTFOLIO COMPOSITION. A racially equitable and just Providence puts capital and resources where these inequities are greatest. Related Reports. Closed and liquidated funds managed by Providence Equity Partners: Fund name Size Vintage Status; Providence Equity Partners VIII: USD 6,000m 2019: Closed Providence Strategic Growth Capital IV: USD 2,000m 2019: Closed . * The ownership percentage set forth herein for Providence Equity Partners VIII-A L.P. is calculated assuming a total of a total of 163,631,026 shares of Common Stock of the Issuer deemed issued and outstanding, which includes (i) 146,243,002 shares of Common Stock outstanding as of February 23, 2022, as set forth in the Form 10-K, and (ii . Providence's previous flagship fund, Providence Equity Partners VII, closed with $5 billion in June 2013. We focus on industry-leading companies with competitive advantages that can capitalize on these tailwinds and drive above-market growth. Providence is a premier global asset management firm with more than $50 billion in assets under management across complementary private equity and credit businesses. What People Are Saying. Most recent portfolio value is calculated to be $ 3,500,037,000 USD. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and . Access a unique secondary deal flow. Disciplined valuation is a critical component to security selection . This opens in a new window. Providence closed its eighth flagship fund at $6 billion in 2019. 2007 Vintage USD 12,000m Size Buy and sell stakes in Providence Equity Partners VI. The US-based fund . Providence Equity Partners Vi International L.P. is a private equity fund operated by Providence Equity Partners L.L.C. New Mountain acquires controlling stakes in defensive growth industries, generally investing between $100 million and $500 million per transaction in . How We Operationalize Equity. The firm is targeting $6 billion for its newest main buyout fund and expects to hold a first close sometime in the spring of 2022, according to . The move is . Management owns . Go-to-Market . This helps provide the community with . The fund, a partner of Warner Music Group, has accumulated over a billion dollars to spend but in a music biz of near-daily . We focus on industry-leading companies with competitive advantages that can capitalize on these tailwinds and drive above-market growth. Providence, RI- Today Mayor Jorge Elorza announced that the Office of Sustainability has been awarded a $100,000 grant as part of the Partners' for Places Equity Pilot Initiative. Founded in 1989, Providence Equity Partners is a private equity firm based in Providence, Rhode Island. The PCA Core Equity Portfolio focuses on identifying companies with secular or cyclical tailwinds that help propel growth within an industry. Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Providence Equity Partners, one of the private-equity industry's oldest sector-focused firms, is pitching its latest flagship fund to investors after a successful management transition last year. The fund targets investments in middle-market software and technology-enabled services companies. Management has no ownership stake in the fund. | Providence Equity Partners is a premier private equity investment firm with approximately $31 billion in aggregate capital commitments. PN. The filing was for a pooled investment fund: other investment fund The notice included securities offered of Equity,Pooled Investment Fund Interests Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. A potential investor considering an investment in this project through a vehicle sponsored by Providence Investments (the "Fund") should read this brochure in conjunction with the Fund's . 1. Providence Strategic Growth Capital Partners closed its latest flagship private equity fund, PSG V, at its hard cap of $4.5bn, the company announced in a news release Tuesday. To export data upgrade your subscription to Platinum. Leading PE firm specializing in growth-oriented investments in media, communications, education and technology. 2016-02-12 sec.gov - SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. The firm prefers to invest in media, communications, education, and technology sectors based in Europe and North America. The fund will focus on companies with recurring revenues, attractive margin profiles and defensible market positions, across North America and Western Europe. Fund Type: private equity Private Fund ID: 805-5062474739 Fund Manager: Providence Equity Partners L.L.C. By Tim Ingham. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. )* CSRA Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 12650T104 (CUSIP Number) December 31, 2015 . Disciplined valuation is a critical component to security selection . Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. The fund, a partner of Warner Music Group, has accumulated over a billion dollars to spend but in a music biz of near-daily . Most recent portfolio value is calculated to be $ 3,500,037,000 USD. Tempo Music. November 26, 2021. Asurion provides consumers around the world with simple, intuitive technology advice to help them get the most from their devices, support to fix their issues and connectivity crisis, and device insurance to ensure they receive a replacement or repair. Providence Equity Partners is a premier asset management firm with over $45 billion in aggregate capital commitments. Providence Equity Partners LLC is located in Providence, RI, United States and is part of the Freight Transportation Arrangement Industry. Providence Equity Partners pioneered a sector focused approach to private equity . Fund Details; Director: Providence Equity GP VIII LP: Custodian: Bank of America National Association, Citibank NA: Auditor: Ernst & Young LLP: Marketer: JP Morgan Securities LLC, ISP Financial Services Ltd, Park Hill Group LLC, Axon Partners AG, Random Notes Inc, Z Square Partners Consulting Co Ltd Fund Name Position direct/indirect start date end date; BDCA ADVISER, LLC: MEMBER OF PROVIDENCE EQUITY L.L.C. Necessary cookies are essential to the proper function of our site. Institution Name. 1. Their best opportunities to add value are investments that align the interests of their portfolio companies and the innovation priorities of. VCIs leverage the scale of our portfolio and the expertise of our team to remove hurdles, capitalize on opportunities and guide your growth. Status of fund. We play the role of convener by bringing together representatives across various sectors to ensure everyone is working together. Public filings of Providence Equity Partners V LP raised by Providence Equity Partners LLC. Private equity's failing grade: Private equity investment in for-profit colleges PEstakeholder.org is maintained by the Private Equity Stakeholder Project. Providence Equity Partners L.L.C. As social unrest has erupted across the nation and with disparities in COVID-19 on full display, Providence has responded to the signs of the times by committing $50 million to health equity over five years. Private Equity: New Mountain's private equity strategy seeks to acquire the highest quality leaders in carefully selected defensive growth industries, and then to build those businesses. Providence Strategic Growth Capital Partners, an affiliate of Rhode Island-based global private equity and credit investment firm Providence Equity Partners, has announced that it closed its third . Providence Strategic Growth Capital Partners is the latest private-equity firm pitching a continuation fund to investors, seeking $1 billion to back selected portfolio companies as its flagship . Insights about top trending companies, startups, Minimum Investment: $0 Latest Holdings, Performance, AUM (from 13F, 13D) Providence Equity Partners L.L.C. Total Assets: $3 billion. . 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 . Fundraising for the vehicle, Providence Equity Partners VIII LP, closed on Sept. 5 above its $5bn target, according to a memo to . We have also formally integrated this work as a top priority in its strategic plan. The table below reflects the performance of all active PE partnership investments as of September 30, 2021. Wiz Khalifa (Atlantic Records) It's been a seemingly bumpy 18 months for Tempo Music Investments, the New York-based portfolio company of Providence Equity Partners, since it launched in Q4 2019. . Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). PE firm Providence Equity is shopping around its Tempo Music Investments catalog for $600 million, the Financial Times revealed Wednesday. Providence Equity Partners LLC has 1280 total employees across all of its locations and generates $943.71 million in sales (USD). Target size. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Terms of the transaction, which sees funds advised by . Fund Details; Director: Providence Equity GP V LP: Custodian: Bank of America National Association: Auditor: Ernst & Young LLP: Marketer: Broker: Jurisdiction: