The fund was based in Providence, Rhode Island. Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. 6. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. 100.0% of the portfolio companies Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. Our vision, Health for a Better World, is driven by a belief that health is a human right. Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. and other data for a number of reasons, such as keeping FT Sites reliable and secure, In 2000, Providence oversaw just $3.6 billion. Find More Contacts for Providence Equity Partners, Edit Lists Featuring This Company Section, Providence Equity Partners invests in digital STEM education company, Providence Equity Partners raises $116.5M for two hedge funds, Providence Equity Partners Portfolio Companies, Finance Companies With Less Than $500M in Revenue (Top 10K), Financial Services Companies With Less Than $50M in Revenue (Top 10K). These F&O leading practices are by no means an all . The total portfolio value may be much higher due to cash Providence Equity Partners is the famous VC, which was founded in 1989. Necessary cookies are absolutely essential for the website to function properly. [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. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. 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 . Providence Equity Partners VIII is a buyout fund managed by Providence Equity Partners. LinkedIn sets this cookie to remember a user's language setting. The overall number of key employees were 11.This Providence Equity Partners works on 6 percentage points more the average amount of lead investments comparing to the other organizations. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. The firm has completed more than 120 investments and delivered successful results over three decades. That includes in health care and the social determinants of health. Without these cookies, we cannot provide services through the site. the total portfolio value. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. This is just the beginning. Read a Providence-led study on disparities in COVID-19 infections. It also outlines five commitments that we pledge to deliver to every patient and every community we serve. These cookies track visitors across websites and collect information to provide customized ads. Team. FY 2022 SBA Capital Fund - Facility Equity Initiative; FY 2022 SBA Capital Fund - ARTS Initiative Grants; FY 2023 SBA Capital Fund - Facility Equity Initiative; Contact Information 255 Westminster Street Providence . View contacts for Providence Equity Partners to access new leads and connect with decision-makers. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. For the best experience, please use an alternate browser. Prior to joining Provenance, Anton helped manage a portfolio of early and growth stage investments at Altpoint Ventures, including businesses in the consumer internet, e-commerce and on-demand consumer services sectors. 5. investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Founded 2014 Locations Primary 401 Park Drive Boston, Massachusetts 02215, US Get directions 4900 Main Street Kansas City, Missouri 64112, US Get directions 15 Sloane Square London, England SW1W. Providence Equity Partners invests in media, communications, education, and technology companies across North America and Europe. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Except Necessary Cookies. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Advocate to reform the drivers of health, social and economic disparities. But the . Private equity-backed buyouts globally fell 51 per cent year on year in the first quarter of 2023 to total $136.1bn, according to Refinitiv data. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. But opting out of some of these cookies may have an effect on your browsing experience. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. See our, Chongqing Anxincheng Guquan Touzi Jijin Guanli Youxian Gongsi, Monmouth Beach, New Jersey, United States, Baden-Wrttemberg, Baden-Wurttemberg, Germany. Media partnership with European soccer team. And in keeping with our faith tradition, use our voice to speak out against the structural racism and injustice that has led to a public health crisis, Prevent further harm, humbly welcome discussion and feedback, and foster a culture of continuous learning and transparency. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Providence was one of the principal pioneers of a sector-based approach to private equity investing. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. Compare Standard and Premium Digital here. $2.64 billion and $2.64 billion respectively. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. Exit. 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. This has led to health disparities among communities that have been marginalized because of their race, ethnicity, gender, sexual orientation, age, ability, religion or socioeconomic status. Currently, their heaviest sector is Technology making up 72.4% of Provenance was founded by Anthony Choe, a veteran private equity investor in the consumer space for over 20 years, with experience in leading direct-to-consumer brand investments since 2000. 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. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . These cookies do not store any personal information. Team Locations In Memoriam Clear filters Clear Search Collaborative. We support credit card, debit card and PayPal payments. You may change or cancel your subscription or trial at any time online. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. What's the investment trend over time for this hub? In addition, the fund holds 21,175,226 shares of Callaway Golf Co worth $432 million, whose value fell 2.5% in the past six months. You can make choices about cookie use below. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. We use At Providence, we recognize that long-standing inequities have led to health disparities. Providence partners with companies at various stages of development, from growth capital and complex recapitalizations of family-owned businesses to large buyouts and take-privates. Anthony began his career as an analyst at Donaldson, Lufkin & Jenrette in New York from 1994-1996, where he focused on mergers & acquisitions, high yield financings, and leveraged buyouts. Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. [1] [2] Providence Equity Partners L.L.C. The fund investment ranges from USD $150.0 to $500 million. While commenting, you are under the rule of our websites terms of use and privacypolicy. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. If we find new data, we will add it here. The average market cap of the portfolio companies is close to $5.52 billion. 2. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. The fund was based in Providence, Rhode Island. Which companies in this hub have the most subsidiaries? According to the last 13-F report filed with the SEC, Sarah Conde serves as the General Counsel & Chief Compliance Officer at Providence Equity Partners L.L.C. Find the right product for your needs. We are investing $50 million over five years to support health equity. Anton began his career as an analyst with the technology, media and telecommunications investment banking group at Jefferies in New York, where he focused on debt and equity financings, mergers & acquisitions, and restructurings. Some are required for the site to work. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. Paula is a graduate of Villanova University, where she earned a bachelors degree in English Literature with a minor in Business Administration. The top amount of exits for fund were in 2019. Check if your A single fund raised in 2005 amassed $4.26 billion. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. [14], Providence's investments have included AutoTrader.com Group, Blackboard Inc., Conversica, eircom, Hulu, Kabel Deutschland, MLS Media, NEW Asurion, Bluestone Television, Newport Television, Univision, VoiceStream (now T-Mobile US), Warner Music Group, Western Wireless, and World Triathlon Corporation (Ironman), YES Network and TopGolf. Each year, we serve more than 6 million people of every walk of life. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. By Kyle Morris. We provide dozens of additional datapoints about this fund. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. We use different types of cookies on the site. The deal is expected to close in the third quarter. PSG invests in growth-stage software businesses and the founders and management teams that drive them. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. Prior to that, she assessed private equity co-investments in small and mid-market companies in the consumer, health and education sectors at Harris Preston & Partners, where she began her career. We offer an assisted fundraising option for startups. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. Providence helps build and grow exceptional businesses that make a difference. What's the most common final funding type when companies get acquired? The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. Private Equity Portfolio As of September 30, 2021 ($ 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 . How much aggregate funding have these organizations raised over time? Learn more about our mission, vision and values. . [37], In September 2012, Providence sold a less than 10% stake in the firm to Florida's state pension system and a sovereign wealth fund. n2y is a leading provider of SaaS workflow and curriculum solutions to the pre K-12 special education market. Standard Digital includes access to a wealth of global news, analysis and expert opinion. offers FT membership to read for free. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. They manage To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners.
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