The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. 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. We support credit card, debit card and PayPal payments. The main department of described VC is located in the Providence. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Before TSG, Paula served as Global President of Diane von Furstenberg (DvF) from 1999 to 2013, where she led DvFs transformative growth into an international lifestyle brand and scaled the business from less than $1 million of revenue to over $300 million of revenue by leading omnichannel expansion through a global footprint of free standing DvF stores, launching DvF.com, and establishing a substantial presence in department stores worldwide. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. organisation Valuation. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. We see you are visiting from an Internet Explorer browser. [38], In February 2015, Providence's $800 million stake in security screener Altegrity was wiped out when the security company was accused of fraud and filed for bankruptcy. Genuine. Compare Standard and Premium Digital here. Private Equity Portfolio As of September 30, 2021 ($ 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 . Providence II $363 million committed capital / $1,605 million total portfolio value Providence I $171 million committed capital / $835 million total portfolio value Providence Growth $276 million committed capital / $353 million total portfolio value Other Prior Funds $199 million total portfolio value Tempo Music is a proprietary music rights acquisition platform that operates in partnership with Warner Music Group. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Necessary cookies are absolutely essential for the website to function properly. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Read a Providence-led study on disparities in COVID-19 infections. Managing Director Michael Dominguez was appointed Chief Investment Officer. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. What's the most common final funding type when companies get acquired? 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. 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. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. This website uses cookies to improve your experience while you navigate through the website. The Scheme is expected to become effective in May 2023. For the best experience, please use an alternate browser. KPA is a leading provider of environmental, health and safety (EHS) compliance solutions to auto dealers and other markets with similar compliance needs. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. These yearly adjustments compounded each year, piling on each other and raising a retired teacher's "average pension" from $40,151 in 2006 to $43,053 by 2011 and kept growing from there. The fund was based in Providence, Rhode Island. These cookies do not store any personal information. 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. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Prior to that, Anton spent 5 years making control buy-and-build investments at Altpoint Capital, a private equity firm specializing in mid-sized companies in the energy, industrial and telecommunications sectors. the total portfolio value. 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. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. 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. LinkedIn sets this cookie to store performed actions on the website. n2y is a leading provider of SaaS workflow and curriculum solutions to the pre K-12 special education market. Analytical cookies are used to understand how visitors interact with the website. The main department of described VC is located in the Providence. The fund was based in Providence, Rhode Island. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Prior to joining Provenance, Shawnt worked on the Global Strategy & Planning Team at Otsuka, where he was responsible for evaluating M&A opportunities and analyzing growth strategies within the consumer packaged goods division. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 55 per month. Paula is a graduate of Villanova University, where she earned a bachelors degree in English Literature with a minor in Business Administration. NORTH PROVIDENCE, R.I. - Lieutenant Governor Sabina Matos, Senate President Dominick Ruggerio, Commissioner Anglica Infante-Green, Division of Equity, Diversity and Inclusion Associate Director Toms vila, and the Rhode Island Department of Education today joined Mayor Charles Lombardi and announced a $15 million 21 st Century Technology . Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. He concurrently served on the investment team at ONCE Ventures, where he sourced and performed due diligence on early-stage opportunities across food, beverage, and supplements. Premium access for businesses and educational institutions. A leading provider of digital-first STEM curriculum for the K-12 education market, Global leader in automotive and mobility technology benchmarking, Wasserman is a global sports, music and culture agency. Do you represent Providence Equity Partners? Each year, we serve more than 6 million people of every walk of life. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. The firm has completed more than 120 investments and delivered successful results over three decades. 1. For cost savings, you can change your plan at any time online in the Settings & Account section. He graduated with high honors from the Stephen M. Ross School of Business at the University of Michigan with a bachelors degree in business administration. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity 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. This followed a series of other expensive losses that Providence blamed on investments outside of its expertise made during the peak of the 2007 and 2008 private equity boom. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. Language links are at the top of the page across from the title. The majority of the companies in the funds portfolio are large-cap stocks. Just a few of the words that our people use to describe their PSG experience. 3. 6. We value each member of our diverse communities for their identities, journeys and experiences. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. 2023 PitchBook. 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. The fund has specific favorite in a number of founders of portfolio startups. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. 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. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. PROVIDENCE For 27 years, Paul J. Salem played a key role in helping Providence Equity Partners grow from managing $171 million to more than $50 billion in investments in media,. [1] [2] Among the various public portfolio startups of the fund, we may underline iQiyi, Hulu, Skybox Security For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Anti-trust clearance in the United States. These F&O leading practices are by no means an all . Funding to support continued global expansion of the company's guest experience platform. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate 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 that included Revolve, Forward by Elyse Walker, Alexis Bittar, Backcountry, and Paige Denim. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. 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 was a 1996 vintage buyout fund managed by Providence Equity Partners. The statement articulates a world where every person has the chance to live their healthiest life. 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. Providence was one of the principal pioneers of a sector-based approach to private equity investing. Providence is headquartered in Providence, RI, and also has offices in New York and London. 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 . The third-largest holding is Outfront Media Inc worth $295 million and the next is Dynatrace Inc worth $22 million, with 558,645 shares owned. 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.
