Investors in Providence Equity Partners VI include Alaska Permanent Fund, which committed $40 million, the California State Teachers' Retirement System, which committed $700 million and Canada Pension Plan Investment Board, which committed $400 million, according to PEI data. What's the most common final funding type when companies get acquired? 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. [1] [2] 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). These F&O leading practices are by no means an all . 2023 Providence Equity Partners L.L.C. See our, Chongqing Anxincheng Guquan Touzi Jijin Guanli Youxian Gongsi, Monmouth Beach, New Jersey, United States, Baden-Wrttemberg, Baden-Wurttemberg, Germany. organisation PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. You may change or cancel your subscription or trial at any time online. The majority of the companies in the funds portfolio are large-cap stocks. 5. Insights about top trending companies, startups. At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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 . The fund was based in Providence, Rhode Island. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. Currently, Providence Equity Partners L.L.C's portfolio is worth at least $2.64 billion. Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management. [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. You bear the whole responsibility,related to their substance, content and the fact of publication. How much aggregate funding have these organizations raised over time? Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. personalising content and ads, providing social media features and to Each year, Providence serves more than 6 million people of every walk of life. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Managing Director Michael Dominguez was appointed Chief Investment Officer. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little.The standard case for the fund is to invest in rounds with 3-4 partakers. The Scheme is expected to become effective in May 2023. At Providence, we recognize that long-standing inequities have led to health disparities. The deal is expected to close in the third quarter. offers FT membership to read for free. We know that every mile on their journey comes one successful step, decision, hire or investment at a time. What's the most common types of sub-organization? Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. We support credit card, debit card and PayPal payments. We use different types of cookies on the site. All rights reserved. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Each year, we serve more than 6 million people of every walk of life. We provide dozens of additional datapoints about this fund. Meet the team thats with you every step of the way. Providence remains a shareholder in the company. 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. Do you represent Providence Equity Partners? FY 2022 SBA Capital Fund - Facility Equity Initiative; FY 2022 SBA Capital Fund - ARTS Initiative Grants; FY 2023 SBA Capital Fund - Facility Equity Initiative; Contact Information 255 Westminster Street Providence . Angel, Fund of Funds, Venture Capital), General contact email for the organization. . These cookies do not store any personal information. Prior to founding Provenance, Anthony was a partner at Brentwood Associates, a leading middle-market private equity firm focused on the consumer space. The firm targets equity investments of $150 million to $500 million and can employ a variety of financing structures. The high activity for fund was in 2000. 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. Vistage is a leading subscription-based membership organization that provides peer advisory and executive coaching to CEOs. the total portfolio value. Contact Information Fund Manager These cookies will be stored in your browser only with your consent. analyse how our Sites are used. The average market cap of the portfolio companies is close to $5.52 billion. Groupe La Centrale is a leading provider of car classifieds in France. The common things for fund are deals in the range of 50 - 100 millions dollars. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The top amount of exits for fund were in 2019. 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. Without these cookies, we cannot provide services through the site. Analytical cookies are used to understand how visitors interact with the website. TAIT is a leading provider of advanced creative and engineering solutions to the live entertainment industry. A tried and tested strategy A successful investment strategy is like a muscle. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. But the . PitchBook provides professionals in the M&A, PE and VC industries with the data and tools to make more informed business decisions. 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. TCP is a leading provider of workforce management software and technology solutions serving thousands of public and private sector businesses. 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. 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. Providence is headquartered in Providence, RI, and also has offices in New York and London. [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. Team Locations In Memoriam Clear filters Clear Search Collaborative. This is our commitment to every patient and community we serve. Advocate to reform the drivers of health, social and economic disparities. Compassion, Dignity, Justice, Excellence, Integrity. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. Last year, Providence's portfolio of investments generated. Set your location to find care near you. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. In the most recent 13F filing, Providence Equity Partners L.L.C revealed that it had opened a new position in 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. 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. 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. 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. The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. 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. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. The fund was based in Providence, Rhode Island. 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 . Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. 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. LinkedIn sets this cookie to remember a user's language setting. 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 Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. You can make choices about cookie use below. It also outlines five commitments that we pledge to deliver to every patient and every community we serve. Anton began his career as an analyst with the technology, media and telecommunications investment banking group at Jefferies in New York, where he focused on debt and equity financings, mergers & acquisitions, and restructurings. 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 . For more information, please visit www.provequity.com. Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. 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. 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. 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. 2. This category only includes cookies that ensures basic functionalities and security features of the website. Get the full list, Youre viewing 5 of 14 funds. The fund targets software, education tech, TMT, SaaS sectors. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 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. Sweetwater is a leading U.S. e-commerce platform for musical instruments and equipment. 100.0% of the portfolio companies Currently, their heaviest sector is Technology making up 72.4% of the total portfolio value. The largest investments include DoubleVerify and Callaway Golf Co, together worth $2.3 billion. It targeted commercial services and TMT sectors. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Simply log into Settings & Account and select "Cancel" on the right-hand side. If we find new data, we will add it here. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. With its headquarters in Providence, RI, the firm also has offices in New York and London. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. [10][11][12] The credit platform was sold to Franklin Templeton Investments in October 2018. Airties is a leading provider of cloud-based managed Wi-Fi solutions to internet service operators globally. 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. The fund focuses on investments in the United States as Providence helps build and grow exceptional businesses that make a difference. Team. Providence Equity Partners is a premier global private equity firm with approximately $45 billion in aggregate capital commitments. This website uses cookies to improve your experience while you navigate through the website. For further information about the cookies we use, please see our Privacy Policy. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Providence, a private equity company which manages about $50bn in assets, launched the Tempo fund in 2019. [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. 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. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. Providence Equity Partners L.L.C's portfolio is diversified across 3 sectors. Providence Equity Partners is the famous VC, which was founded in 1989. 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. 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. The fund investment ranges from USD $150.0 to $500 million. 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. [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. 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,. 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 Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. Meet the team that's with you every step of the way. Providence Equity Partners is a specialist PE firm focused on growth-oriented media, communications, education and technology companies. They allow you to move around the site and use its features. 3. A leading provider of digital-first STEM curriculum for the K-12 education market When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. 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. Providence Equity Partners is the famous VC, which was founded in 1989. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. Relative to the number of outstanding shares of DoubleVerify, Providence Equity Partners L.L.C owns more than 0.5% of the company. The fund invested in TMT and communications and networking sectors. American global private equity investment firm, "Company Overview of Providence Equity Partners LLC", "Providence Equity buys Star India's stake in Star CJ", "Providence Equity Closes Eighth Flagship Fund Above $6 Billion", "Providence Equity Raises $12 Billion Buyout Fund", "Private Equity International magazine's ranking of the world's largest private equity firms", "Benefit Street Closes $1.75B Credit Fund", "Providence Equity debt arm hits $1.75 bln hard cap on Fund III", "Tommy Gahan Wants to Capitalize on Volatility", "Franklin Templeton Buys Providence Equity's Benefit Street Partners", "Private equity fuels Ironman triathlon organizer's gauntlet", "Providence Equity Backs Golf Entertainment Company Topgolf", "Providence buys Ambassador Theatre Group for 350m", "Providence Acquires Majority Stake in DoubleVerify", "Shamrock Capital to sell Learfield to Providence Equity", "Providence Equity buys GlobalTranz back from The Jordan Company after just 8 months", "Providence Equity buys Riverside's majority stake in n2y", "Providence Equity Partners takes majority stake in Node4", "Providence Equity Invests $223 Million in Finnish Social Ad-Tech Firm", "Providence Equity Partners Invests In TAIT", "Driver clearinghouse Tenstreet acquired by Providence Equity Partners", "Onex Corp to buy Tes Global from Providence Equity Partners", "Providence sells Galileo to CPP-led consortium", "Investment Firm EQT Agrees to Purchase EdgeConneX for $2.5 to $3 Billion", "Providence Equity Sells Scuba Certifier PADI for $700 Million", "Providence to Sell Ascend Learning Stake to Blackstone, CPPIB After Nearly 10-Year Hold", "Golden Gate Capital Buying Vector Solutions", "Providence Equity's Sale of ZeniMax Will Bring Lucrative End to 13-Year Deal", "NFL, Providence Equity form strategic investment partnership", "Providence Equity Said to Sell Stake in Firm to Investors", "Providence Equity May Lose Hundreds of Millions as Altegrity Faces Seizure in Snowden Fallout", "Providence Equity acquires NACE international schools group", "MTG sells Baltic broadcasting businesses MTG", "MTG completes the sale of its Baltic broadcasting businesses MTG", "All Media Baltics to Deliver Top-quality TV Reception via SES Video", "Acquisition of MTG's business in Baltics completed; new company to be named All Media Baltics", "Providence to More Than Quintuple Its Money on MsMvil", "Providence Strategic Growth collects $2bn for fourth fund", "Sweetwater Has New Majority Owner; Chuck Surack Leaves CEO Post Sweetwater Sound Sold; Surack Steps Up", "Providence to acquire Airties | Infrastructure | News | Rapid TV News", "Providence Equity's Nelson Plans to Shift Role as Firm Maps Out Transition", Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Providence_Equity&oldid=1149093458, Private equity firms of the United States, Companies based in Providence, Rhode Island, Financial services companies established in 1989, Short description is different from Wikidata, Articles containing potentially dated statements from 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, Michael Dominguez, Chief Investment Officer, This page was last edited on 10 April 2023, at 04:36. 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 . The prior fund, Providence VII, closed with $5 billion in 2013. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. The cash consideration payable for the Acquisition will be funded from equity financing drawn down from the Providence Equity Funds. The main department of described VC is located in the Providence. Standard Digital includes access to a wealth of global news, analysis and expert opinion. And in keeping with our faith tradition, use our voice to speak out against the structural racism and injustice that has led to a public health crisis, Prevent further harm, humbly welcome discussion and feedback, and foster a culture of continuous learning and transparency. Since its founding in. Which investors participated in the most funding rounds within this hub? We do not intend to delete any comments on the website unless within our noticeand take down procedure. 1. We also use third-party cookies that help us analyze and understand how you use this website. 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.
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