SEC Filings include 13F quarterly reports, 13D/G events and more. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Except Necessary Cookies. 20% of the total holdings value. The fund is based in Providence, Rhode Island and invested 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. Bill Aliber and Brian Shin Join Providence Strategic Growth as Managing Wealthiest Hospitals Got Billions in Bailout for - New York Times News & Media | Carlyle During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. Every person deserves the chance to live their healthiest life. [52], Media related to Providence Equity Partners at Wikimedia Commons. PDF Oregon Public Employees Retirement Fund [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). The fund has specific favorite in a number of founders of portfolio startups. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. Providence is headquartered in Providence, RI, and also has offices in New York and London. 1. 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. The fund invested in TMT and communications and networking sectors. Providence Equity Partners Profile: Investments & Returns | PitchBook Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. Providence Equity Partners | LinkedIn The Boston Foundation has named M. Scott Knox as the first director of the Equality Fund, the foundation's fund to support Greater Boston nonprofits that serve the LGBTQ+ community. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. 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 . These positions were updated on August 15th based on the funds latest 13F filing. This is just the beginning. Providence Equity Partners has 80 portfolio exits. We use On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 3. Under the . Currently, their heaviest sector is Technology making up 72.4% of Providence Equity Partners VII is a buyout fund managed by Providence Equity Partners. Providence Equity Partners L.L.C is an investment fund managing more than $2.64 billion ran by Sarah Conde. That includes in health care and the social determinants of health. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. While commenting, you are under the rule of our websites terms of use and privacypolicy. Products: Business Intelligence Tools | PitchBook For a full comparison of Standard and Premium Digital, click here. 2023 PitchBook. These cookies will be stored in your browser only with your consent. We support credit card, debit card and PayPal payments. 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,. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. 6. 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. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. [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. 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 . [1] [2] Providence Equity Partners - YouTube [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. 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. Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. We offer an assisted fundraising option for startups. Though we still have a ways to go, we have made significant strides over the past year. We have also formally integrated this work as a top priority in its strategic plan. 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. Portfolio Companies | Providence Equity Contact Information Fund Manager organisation Providence Equity Partners invests in media, communications, education, and technology companies across North America and Europe. 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. LinkedIn sets the lidc cookie to facilitate data center selection. Accelerate Learning Announces Majority Investment from Providence The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. Weve served nearly half a million individuals over the past year from marginalized communities. How are IPOs trending over time in this hub? Providence was one of the principal pioneers of a sector-based approach to private equity investing. Necessary cookies are essential to the proper function of our site. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. Find the right product for your needs. 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. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Providence helps build and grow exceptional businesses that make a difference. North Road is a global, multi-genre, independent content studio. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. 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. . 2023 Providence Equity Partners L.L.C. What's the investment trend over time for this hub? Our vision, Health for a Better World, is driven by a belief that health is a human right. Paula is a graduate of Villanova University, where she earned a bachelors degree in English Literature with a minor in Business Administration. 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. Impact Secures $75 Million in Funding Led By Providence Strategic 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. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. 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 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. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. 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. Providence Equity Partners Portfolio Exits80 Portfolio Exits. The prior fund, Providence VII, closed with $5 billion in 2013. Look at other 50 related and similar funds, Top 20 VC funds that took part in the most Private Equity funding rounds in Business Development industry over the recent years, Top 20 VC funds that took part in the most Private Equity funding rounds in Content industry over the recent years, We use cookies and similar technologies to improve your user experience. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. Providence remains a shareholder in the company. 2. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Valuation. Tenstreet Announces Majority Growth Investment From Providence Equity We do not intend to delete any comments on the website unless within our noticeand take down procedure. [8][9] Prior to joining Providence, Gahan was head of Deutsche Bank's corporate and investment banking in the Americas and chief executive officer of Deutsche Bank Securities. [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. We value each member of our diverse communities for their identities, journeys and experiences. This cookie is installed by Google Analytics. Check if your PDF Providence Memorandum - Pennsylvania Public School Employees You may change or cancel your subscription or trial at any time online. A leading provider of digital-first STEM curriculum for the K-12 education market Providence Equity Partners L.L.C 13F annual report At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. [13], In 2014, Providence established Providence Strategic Growth (PSG), its growth equity affiliate focused on investments in lower middle market software and technology-enabled service companies. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. Prior to founding Provenance, Anthony was a partner at Brentwood Associates, a leading middle-market private equity firm focused on the consumer space. What's the most common types of sub-organization? Angel, Fund of Funds, Venture Capital), General contact email for the organization. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. 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. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. PROVIDENCE EQUITY PARTNERS L.L.C. Top 13F Holdings At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. Providence Equity Partners Portfolio Companies Managing Director Michael Dominguez was appointed Chief Investment Officer. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. In 2000, Providence oversaw just $3.6 billion. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. This category only includes cookies that ensures basic functionalities and security features of the website. Providence Equity Partners VIII - PitchBook Data Genuine. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. 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 . For more information, please visit www.provequity.com. Meet the team that's with you every step of the way. This latest funding aims to support SevenRooms' continued . Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. House lawmakers say yes. Stocks with a size of more than $10 billion in market cap make up The Boston Foundation names M. Scott Knox as new director for its The fund was based in Providence, Rhode Island. The majority of the companies in the funds portfolio are large-cap stocks. These cookies do not store any personal information. Providence Equity Partners - Crunchbase Investor Profile & Investments 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"). Providence Equity Partners VII Profile: Investments & Returns | PitchBook Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. portfolio of holdings. These F&O leading practices are by no means an all . [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 fund targets software, education tech, TMT, SaaS sectors. Seesaw is a leading SaaS-based classroom technology platform targeted towards elementary grade levels. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Each year, Providence serves more than 6 million people of every walk of life. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. For the best experience, please use an alternate browser. Simply log into Settings & Account and select "Cancel" on the right-hand side. Providence eyes $1.35bn stapled deal after LP response - exclusive 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. Their latest portfolio exit was n2y on April 04, 2023. PSG invests in growth-stage software businesses and the founders and management teams that drive them. While commenting, you shall use only actual, truthful and confirmed data. Shawnt began his career as an analyst with the M&A investment banking group at Lazard in Los Angeles, where he worked on transactions across Aerospace & Defense, Gaming & Leisure, and Consumer Retail. is a specialist private equity investment firm focused on media, communications, education, technology investments across North America and Europe. Compassion, Dignity, Justice, Excellence, Integrity. 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. Sweetwater Announces Growth Equity Investment from Providence Equity Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 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. [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. Learn more about our mission, vision and values. The fund focuses on investments in the United States as The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. We see you are visiting from an Internet Explorer browser. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. 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. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Insights about top trending companies, startups. As part of this planned transition, Providence appointed Davis Noell and David Phillips senior managing directors and co-heads of North America, and Karim Tabet and Andrew Tisdale senior managing directors and co-heads of Europe.