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.jpg) Headquarters at 50 Kennedy Plaza | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1989 |
| Founder | Jonathan M. Nelson, Founder and Executive Chairman |
| Headquarters | , USA |
Key people | Michael Dominguez, Chief Investment Officer |
| Products | Leveraged buyouts, Growth capital |
| AUM | $35 billion (2023) |
Number of employees | 180 |
| Website | www |
Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989.[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. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. The prior fund, Providence VII, closed with $5 billion in 2013.[3][4][5]
Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]
- ^ "Company Overview of Providence Equity Partners LLC". Bloomberg Businessweek. Archived from the original on October 18, 2007. Retrieved September 21, 2012.
- ^ "Providence Equity buys Star India's stake in Star CJ". afaqs.com. June 6, 2014. Archived from the original on March 4, 2016. Retrieved June 30, 2014.
- ^ "Providence Equity Closes Eighth Flagship Fund Above $6 Billion". The Wall Street Journal. September 17, 2019.
- ^ "Providence Equity Raises $12 Billion Buyout Fund". The New York Times. February 21, 2007.
- ^ "Private Equity International magazine's ranking of the world's largest private equity firms". PEI – Alternative Insight. May 1, 2008.
- ^ "Private Equity". Providence Equity Partners. October 6, 2020.