The firm is targeting $6 billion for its newest main buyout fund and expects to hold a first close sometime in . The US-based fund . New Mountain acquires controlling stakes in defensive growth industries, generally investing between $100 million and $500 million per transaction in . Providence Equity targets $6B for new fund. Fund Details; Director: Providence Equity GP V LP: Custodian: Bank of America National Association: Auditor: Ernst & Young LLP: Marketer: Broker: Jurisdiction: Advancing health equity one person at a time . 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 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. The fund will focus on companies with recurring revenues, attractive margin profiles and defensible market positions, across North America and Western Europe. 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 . PSG was incubated at Providence Equity Partners, a premier private equity investment firm with approximately $44 billion in aggregate capital commitments. Disciplined valuation is a critical component to security selection . Related Reports. Providence's previous flagship fund, Providence Equity Partners VII, closed with $5 billion in June 2013. Providence is a premier global asset management firm with more than $50 billion in assets under management across complementary private equity and credit businesses. The table below reflects the performance of all active PE partnership investments as of September 30, 2021. 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 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. 4 percent of the fund is owned by fund of funds. This opens in a new window. Except Necessary Cookies. 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. Latest Holdings, Performance, AUM (from 13F, 13D) Providence Equity Partners L.L.C. Wednesday November 24, 2021 1:18 pm. Over the course of 30+ years . 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. Among the first acquisitions of the venture are selected copyrights of Grammy Award-winning songwriters Jeff Bhasker and Shane McAnally, and Ben Rector. Results per page: 25 50 100 200 Next of 0 Prev. 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. Providence closed its eighth flagship fund at $6 billion in 2019. Providence Equity Partners VI is a closed private equity fund managed by Providence Equity Partners. and has approximately $3 billion in assets. Find potential buyers without revealing your identity. How We Operationalize Equity. They allow you to move around the site and use its features. This helps provide the community with . 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 . Management has no ownership stake in the fund. . Providence Strategic Growth Europe collected 1.25bn, both from new and existing investors, according to a press release. 68 Private Equity jobs available in Providence, RI on Indeed.com. Total Assets: $3 billion. The communities in which we partner have dedicated local leaders who are working to address pressing local concerns. Tempo Music. We focus on industry-leading companies with competitive advantages that can capitalize on these tailwinds and drive above-market growth. Our core equity portfolio focuses on identifying industry-leading companies that have secular or cyclical tailwinds driving company and industry growth. The move is . 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. that make a difference. Description. 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. As of September 30, 2021, the since inception Net IRR is 11.5% and the Net Multiple is 1.5x. The US-based fund . TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Necessary cookies are essential to the proper function of our site. . Public filings of Providence Equity Partners V LP raised by Providence Equity Partners LLC. 2007 Vintage USD 12,000m Size Buy and sell stakes in Providence Equity Partners VI. 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 . The fund, a partner of Warner Music Group, has accumulated over a billion dollars to spend but in a music biz of near-daily . Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). * 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 . Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and . We play the role of convener by bringing together representatives across various sectors to ensure everyone is working together. Fund Details; Director: Providence Equity GP VIII-A LP, Providence Equity GP VIII LP: Custodian: Bank of America National Association, Citibank NA: Fund Name Position direct/indirect start date end date; BDCA ADVISER, LLC: MEMBER OF PROVIDENCE EQUITY L.L.C. NEW Providence Onshore Balanced Portfolio is based out of New York. They know their community best. 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. Providence Equity Partners L.L.C. Direct links to the EDGAR source material. 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. We've spent our careers in the growth-stage software space and appreciate the importance of a company's inflection point. has disclosed 7 total holdings in their latest SEC filings. ("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 . Most recent portfolio value is calculated to be $ 3,500,037,000 USD. The company was sold to Madison Dearborn, Providence Equity and WCAS in July 2007. Description. Diversified Income Our diversified income portfolio targets higher income for investors who seek greater returns than those available through traditional bond investments. We focus on industry-leading companies with competitive advantages that can capitalize on these tailwinds and drive above-market growth. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Apply to Fund Accountant, Investment Analyst, Tax Director and more! )* CSRA Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 12650T104 (CUSIP Number) December 31, 2015 . The recognition is . The PCA Core Equity Portfolio focuses on identifying companies with secular or cyclical tailwinds that help propel growth within an industry. Latest Holdings, Performance, AUM (from 13F, 13D) Providence Equity Partners L.L.C. The firm last filed a Form D notice of exempt offering of securities on 2021-05-04. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. 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 . 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 . This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. In 2007, Rajan Raheja-controlled Asianet Satellite Telecommunications Ltd struck an approximate $60 mn deal with private equity fund manager Providence Equity Partners. Their best opportunities to add value are investments that align the interests of their portfolio companies and the innovation priorities of. What People Are Saying. A racially equitable and just Providence puts capital and resources where these inequities are greatest. To export data upgrade your subscription to Platinum. We have also formally integrated this work as a top priority in its strategic plan. The firm prefers to invest through means of buyouts, add-ons, recapitalization, and growth capital. The fund, a partner of Warner Music Group, has accumulated over a billion dollars to spend but in a music biz of near-daily . Using comprehensive data collection and analysis, the work supported by this investment will serve as a . 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. Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Providence Equity Partners pioneered a sector focused approach to private equity . '' Results. superior returns. CSRA / CSRA Inc. / Providence Equity Partners VI L P - SC 13G Passive Investment. 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. Providence Equity Partners LLC is located in Providence, RI, United States and is part of the Freight Transportation Arrangement Industry. Insights about top trending companies, startups, Target size. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. The term "Providence Investments" used herein refers to Providence Investments, LLC, an Alabama limited liability company, and its affiliates. VCIs leverage the scale of our portfolio and the expertise of our team to remove hurdles, capitalize on opportunities and guide your growth. . By Tim Ingham. Friday March 26, 2021 8:57 am. Our portfolio Meet the businesses we're proud to call our partners as they make their mark on the world of software. 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. About Providence Equity Partners Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. Institution Name. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. 1. (Crd# 155678) Registered Location: Cayman Islands. By Jon Chapple on 05 Jul 2021. Year of Final Close. 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 . Direct links to the EDGAR source material. Minimum Investment: $0 Providence Equity Partners LLC has 1280 total employees across all of its locations and generates $943.71 million in sales (USD). Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and Florida . Founded in 1989, Providence Equity Partners is a private equity firm based in Providence, Rhode Island. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. Providence Ventures generally targets mid-to late-stage venture investments across Healthcare IT, MedTech, and tech-enabled services. Terms of the transaction, which sees funds advised by . November 26, 2021. (Sales figure is modelled). The current minimum investment for Providence Equity Partners Vii-A L.P. is $20000000. Private equity's failing grade: Private equity investment in for-profit colleges PEstakeholder.org is maintained by the Private Equity Stakeholder Project. Stage of fund. The firm prefers to invest in media, communications, education, and technology sectors based in Europe and North America. 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. 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. 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. 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 . and has approximately $3.5 billion in assets. Direct links to the EDGAR source material. Private equity's failing grade: Private equity investment in for-profit colleges PEstakeholder.org is maintained by the Private Equity Stakeholder Project. has disclosed 7 total holdings in their latest SEC filings. Providence Equity Partners is a premier asset management firm with over $45 billion in aggregate capital commitments. Providence Equity Partners Vi International L.P. is a private equity fund operated by Providence Equity Partners L.L.C. l e a r n. Providence helps build and grow exceptional businesses. 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. Access a unique secondary deal flow. 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 is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Experience in action. The filing was for a pooled investment fund: other investment fund The notice included securities offered of Equity,Pooled Investment Fund Interests 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 . Fundraising for the vehicle, Providence Equity Partners VIII LP, closed on Sept. 5 above its $5bn target, according to a memo to . The fund targets investments in middle-market software and technology-enabled services companies. 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 . 0 percent of the fund is owned by fund of funds. Nelson sat down with WSJ Pro Private Equity editor Laura Kreutzer in January as part of an interview series for the . These principles and values are based on the Just Transition* model. Most recent portfolio value is calculated to be $ 3,500,037,000 USD. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. The previous fund in the series, PSG IV, closed on $2bn in capital .