Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity For cost savings, you can change your plan at any time online in the Settings & Account section. Providence Equity Partners Portfolio Investments, Providence Equity The Private Equity Firm That Grew Too Fast - The New York Times 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. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. Since its founding in. Anti-trust clearance in the United States. 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. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. We shall not bear anyliability in respect of such comments. without the express written approval of PSG Equity L.L.C. Mary Claire graduated from the University of Texas at Austin, with a BBA in Business Honors and Finance, and a minor in textiles focused on consumer behavior. Providence seeks to exit music market with $600mn song sale This category only includes cookies that ensures basic functionalities and security features of the website. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 2023 PitchBook. Private Equity Portfolio As of September 30, 2021 ($ 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 . YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. SevenRooms Raises $50M Series B Round with Providence Strategic Growth 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. The fund invested in TMT and communications and networking sectors. Except Necessary Cookies. Bill Aliber and Brian Shin Join Providence Strategic Growth as Managing You post comments at your own choice and risk. The venture was found in North America in United States. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. At Providence, we recognize that inequity persists in nearly every major facet of society. [52], Media related to Providence Equity Partners at Wikimedia Commons. [17][18][19][20][21][22][23][24][25][26][27][28], Providence's recent exits include TES, Galileo Global Education, EdgeConneX, OEConnection, PADI, Ascend Learning, Vector Solutions and ZeniMax Media. 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 . Two years later, it raised $12 billion more in just three months. The fund was based in Providence, Rhode Island. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. Check if your Their latest portfolio exit was n2y on April 04, 2023. [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. What's the investment trend over time for this hub? The Scheme is expected to become effective in May 2023. This is just the beginning. We support credit card, debit card and PayPal payments. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 55 per month after the trial ends, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Chinas local governments stuck with bill for neighbourhood surveillance, US says more than 20,000 Russian forces killed since December in Ukraine, Moderna co-founder calls on US politicians and judges to stop questioning science, Singapore deepens US defence ties despite Chinese financial inflows, UK employers push to cut pension scheme payments after rates windfall, Role of lawyers in misuse of NDAs to be examined by UK regulator, UK government to water down fraud proposals for tech groups, Britains Brexit capital shows signs of disillusionment with Tories, UK partnerships with life sciences groups threatened by NHS pressures, JPMorgan to acquire First Republics deposits as US regulators step in, Charlie Munger: US banks are full of bad commercial property loans, Disney uses Ron DeSantiss own words against him in free speech lawsuit, Deutsche Bank plans to beef up investment bank advisory team, JPMorgan, Citizens and PNC submit bids for First Republic, Totals chief tells investors European listing to blame for oil groups trading discount, US live news updates from May 1: JPMorgan to acquire First Republics deposits, Morgan Stanley to cut 3,000 jobs, The difference between First Republic and other recent bank failures, Investors bet on shrinking pool of tech stocks as rally narrows, China, America and why not all growth is equal, China could play a crucial role in ending the war in Ukraine, Labour has leverage to carry out private equity tax reform, Why Arsenals struggles show you shouldnt count out Donald Trump, Twill of the people: the workwear staple that never gets old, The best new sci-fi: action-packed plots and pure nerdstalgia. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. SANTA BARBARA, Calif.-- ( BUSINESS WIRE )--Impact, the global leader in PARTNERSHIP AUTOMATION, today announced a $75 million investment led by Providence Strategic Growth (PSG), the growth equity . With its headquarters in Providence, RI, the firm also has offices in New York and London. 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. 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. Team Provenance Though we still have a ways to go, we have made significant strides over the past year. A leading provider of digital-first STEM curriculum for the K-12 education market Under the . For more information, please visit www.provequity.com. cookies Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. 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). 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. We use different types of cookies on the site. 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. Every person deserves the chance to live their healthiest life. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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,. The prior fund, Providence VII, closed with $5 billion in 2013. The common things for fund are deals in the range of 50 - 100 millions dollars. They manage You can make choices about cookie use below. Providence Equity LLP offered to acquire Hyve Group Plc for He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. Lloyd, 39, joined IMC Construction in 2017 and was previously executive vice president and general counsel, leading the company's risk management efforts.. Cottone, 63, is now the second largest . These funds often invest in the rounds preceeding the rounds of Providence Equity Partners: Providence Equity Partners is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Providence Equity Partners: There are no funds here. Learn more about our mission, vision and values. News & Media | Carlyle Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 20% of the total holdings value. There are currently 5 companies in Mrs. Condes portfolio. By logging into the PSG Hub you agree that the information contained herein must be kept Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. House lawmakers say yes. 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. Providence Equity Partners VII is a buyout fund managed by Providence Equity Partners. are based in the United States. Team Locations In Memoriam Clear filters Clear Search Collaborative. Our regional operations have developed strategic plans and interventions to measurably reduce health disparities and advance integrated solutions to address health equity at the local level. We see you are visiting from an Internet Explorer browser. 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 . We do not intend to delete any comments on the website unless within our noticeand take down procedure. At Providence, we recognize that long-standing inequities have led to health disparities. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. 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. [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. [7], In 2008, Providence hired Thomas Gahan as president of the firm's new capital markets group and its affiliate, Benefit Street Partners. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. Just a few of the words that our people use to describe their PSG experience. Providence helps build and grow exceptional businesses that make a difference. Language links are at the top of the page across from the title. Private equity takes a renewed interest in UK plc | Financial Times 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. 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. Funding to support continued global expansion of the company's guest experience platform. 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 know that every mile on their journey comes one successful step, decision, hire or investment at a time. 5. or 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 . How much aggregate funding have these organizations raised over time? The total portfolio value may be much higher due to cash 6. portfolio of holdings. Team | PSG [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. He has worked closely with outstanding brands across multiple categories to help shape aggressive but prudent long-term growth strategies to maximize brand and enterprise value while minimizing risk to the organization. 2. Health Equity | Providence The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. 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. Node4 is a leading U.K. Impact Secures $75 Million in Funding Led By Providence Strategic On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. [45][46][47], In April 2019, MasMovil agreed to repurchase its convertible bond from Providence Equity. Necessary cookies are essential to the proper function of our site. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. Facility Equity Initiative | RI Department of Education PSG | LinkedIn While commenting, you shall use only actual, truthful and confirmed data. Outfront Media is one of the largest providers of out-of-home advertising signage and displays in the U.S. Smartly.io is a software platform that helps many of the worlds leading digital advertisers create, manage and optimize social media ad campaigns. And the consequences are often deadly, leading to higher mortality and morbidity rates for communities of color and marginalized populations. Our investment of $50 million to reduce health disparities and achieve health equity is just the beginning. This is our commitment to every patient and community we serve. Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. Genuine. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. NEW YORK (June 25, 2020) - SevenRooms ("the Company"), a fully-integrated, data-driven guest experience platform for the hospitality industry, has raised a $50 million Series B funding round led by Providence Strategic Growth ("PSG"). But opting out of some of these cookies may have an effect on your browsing experience. 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. The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. The fund invested in TMT and communications and networking sectors. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. [15][16], Since 2013, significant investments by the firm include 365 Retail Markets, Ambassador Theatre Group, DoubleVerify, Learfield Communications, GlobalTranz, Groupe La Centrale, MsMvil Group, n2y, Node4, Smartly.io, TAIT, Tenstreet, and TCP. It sold the previously owned 21,175,226 shares for $496 million. The fund focuses on investments in the United States as 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. We value each member of our diverse communities for their identities, journeys and experiences. Providence was one of the principal pioneers of a sector-based approach to private equity investing. [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. Home | Providence Equity Prior to founding Provenance, Anthony was a partner at Brentwood Associates, a leading middle-market private equity firm focused on the consumer space. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Wealthiest Hospitals Got Billions in Bailout for - New York Times Blackstone Acquires Clarion - Blackstone Providence Equity Partners Profile: Investments & Returns | PitchBook Weve served nearly half a million individuals over the past year from marginalized communities. The statement articulates a world where every person has the chance to live their healthiest life. Providence Equity Partners VII Profile: Investments & Returns | PitchBook Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. university What's the most common types of sub-organization? The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 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. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. The firm raises investment funds from a broad array of institutional investors, including pension funds, endowments, sovereign wealth funds, financial institutions, insurance companies, fund of funds, and high-net-worth individuals. Since its founding in 1989, Providence has invested over $32. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. PSG invests in growth-stage software businesses and the founders and management teams that drive them. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and .