providence equity portfolio
Sarah Conde also disclosed a decreased stake in DoubleVerify by approximately 0.1%. 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. The fund targets software, education tech, TMT, SaaS sectors. 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Detailed Profile of PROVIDENCE EQUITY PARTNERS L.L.C. 1. 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 This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Date. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Contact Information Fund Manager Providence Equity Partners Fund Manager Website www.provequity.com Fund Category Private Equity . The fund has specific favorite in a number of founders of portfolio startups. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. On the other hand, there are companies that Providence Equity Partners L.L.C is getting rid of from its portfolio. It targeted commercial services and TMT sectors. Private Equity Round - The North Road Company, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Last Funding Round type of organizations in the hub (e.g. Due to the deprecation of Internet Explorer and for security reasons, the PSG site is not supported in Internet Explorer. strictly confidential and may not be reproduced or redistributed in whole or in part Worldwide Express and GlobalTranz have combined to create a leading non-asset-based provider of technology-driven third-party logistics solutions. Prior to founding Provenance, Anthony was a partner at Brentwood Associates, a leading middle-market private equity firm focused on the consumer space. [48], In September 2019, Providence Strategic Growth collected $2 billion for its fourth fund. 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). He is a Phi Beta Kappa graduate of Harvard College, where he graduated with a bachelors degree in economics, magna cum laude. What's the most common types of sub-organization? Since its founding in 1989, Providence has invested over $32 billion across more than 170 private equity portfolio companies. Previously, she was Operating Partner at TSG Consumer Partners from 2014-2017 where she helped source and diligence new investment opportunities in the broader apparel and retail category and oversaw operational and management strategy at portfolio companies that included Revolve, Forward by Elyse Walker, Alexis Bittar, Backcountry, and Paige Denim. Prior to joining Provenance, Paula worked closely with several leading international brands and multibillion-dollar private equity firms. 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. The fund is constantly included in 2-6 deals per year. 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. As part of this work, we developed a comprehensive pandemic response to address the needs of people disproportionately impacted by COVID-19. Media partnership with European soccer team. House lawmakers say yes. 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. Tenstreet is a leading provider of SaaS HR solutions to trucking carriers for recruiting, onboarding and managing compliance for truck fleet drivers. 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. 100.0% of the portfolio companies Providence Equity Partners L.L.C closed its position in Callaway Golf Co on 15th August 2022. We know that every mile on their journey comes one successful step, decision, hire or investment at a time. This leaves the value of the investment at $1.87 billion and 82,520,604 shares. By logging into the PSG Hub you agree that the information contained herein must be kept The high activity for fund was in 2000. These resources will allow LEAs to fund projects that otherwise would not advance or would rely on issuing high interest bonds. [52], Media related to Providence Equity Partners at Wikimedia Commons. See our, Chongqing Anxincheng Guquan Touzi Jijin Guanli Youxian Gongsi, Monmouth Beach, New Jersey, United States, Baden-Wrttemberg, Baden-Wurttemberg, Germany. We shall not bear anyliability in respect of such comments. The majority of the companies in the funds portfolio are large-cap stocks. Tempo has focused on contemporary music, having acquired songs by Wiz Khalifa and. Providence Equity Partners L.L.Cs portfolio is diversified across 3 sectors. The fund is located in Providence, Rhode Island and invests in Western Europe, North America. Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. 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"). [3][4][5], Providence is headquartered in Providence, Rhode Island with additional offices in New York, Boston, London and Atlanta.[6]. the total portfolio value. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. Managing Director Michael Dominguez was appointed Chief Investment Officer. [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. Though we still have a ways to go, we have made significant strides over the past year. CloserStill Media runs business exhibitions in the healthcare, learning and technology sectors. Win whats next. We've assembled a list of 10 finance and operations requirements that early-stage PE firm leaders should consider early in their journeys. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. n2y is a leading provider of SaaS workflow and curriculum solutions to the pre K-12 special education market. Providence pioneered a sector-focused approach to private. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Just a few of the words that our people use to describe their PSG experience. The fund was based in Providence, Rhode Island. That includes in health care and the social determinants of health. These cookies track visitors across websites and collect information to provide customized ads. PSG is headquartered in Boston, Massachusetts, with offices in London and Kansas City. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate. 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. [1] Providence prefers to lead its investments, serve on company boards, and work collaboratively with company management. 20% of the total holdings value. 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. LinkedIn sets the lidc cookie to facilitate data center selection. , whose value fell 2.5% in the past six months, Stocks and cryptocurrency portfolio tracker. Benefit Street Partners closed on a $1.75 billion middle market direct lending fund in April 2014. Your location: Read our news release about our health equity investment, Read a Providence-led study on disparities in COVID-19 infections. 1. 2. Since its founding in. CPPIB, HarbourVest Partners and StepStone, had agreed to a 2:1 secondaries to primary ratio, meaning the group is set to commit as much as $450 million to Providence's latest fund, Providence Equity Partners VIII. Team. He graduated as a Regents Scholar from the University of California, Berkeley with a bachelors degree in Economics. You can make choices about cookie use below. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. The main department of described VC is located in the Providence. 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. The total portfolio value may be much higher due to cash At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. 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 Equity Partners is the famous VC, which was founded in 1989. 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. [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. The fund was based in Providence, Rhode Island. We have also formally integrated this work as a top priority in its strategic plan. 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. These yearly adjustments compounded each year, piling on each other and raising a retired teacher's "average pension" from $40,151 in 2006 to $43,053 by 2011 and kept growing from there. Hyve Group PLC said Tuesday that it has agreed to a 363 million pound ($453.2 million) final takeover offer from private equity firm Providence Equity Partners LLP. Providence remains a shareholder in the company. In addition to his investing activities, Anthony is a guest lecturer on private investing at the UCLA Anderson School of Business and is a member of YPO. 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 private equity and credit investment firm with more than $50 billion in capital under management. [42], In October 2017, Modern Times Group sold its telecommunication businesses in the Baltic states to Providence Equity Partners. 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 can still enjoy your subscription until the end of your current billing period. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. 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. Providence Equity Partners L.L.C. We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. [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. We are private equity specialists, focused on growth-oriented media, communications, education and technology companies throughout North America and Europe. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. 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. university Weve served nearly half a million individuals over the past year from marginalized communities. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Nautic Partners is a middle-market private equity firm that has managed over $9.5 billion in assets since it founding in 1986. This list of organizations invested in by Providence Equity Partners provides data on their funding history, investment activities, and acquisition trends. Private Equity Portfolio As of September 30, 2021 ($ 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 . We value each member of our diverse communities for their identities, journeys and experiences. Providence also released a health equity statement, developed by caregivers from across the Providence family of organizations. View contacts for Providence Equity Partners to access new leads and connect with decision-makers. Paula is a graduate of Villanova University, where she earned a bachelors degree in English Literature with a minor in Business Administration. Check if your The statement articulates a world where every person has the chance to live their healthiest life. For more information, please visit www.provequity.com. We also use third-party cookies that help us analyze and understand how you use this website. Groupe La Centrale is a leading provider of car classifieds in France. In 2000, Providence oversaw just $3.6 billion. The fund investment ranges from USD $150.0 to $500 million. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. The two most similar investment funds to Providence Equity Partners L.L.C are Dearborn Partners and Cambridge Trust Co. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. The venture funds do deals alongside some of the country's highest-profile investment firms, including Kleiner Perkins and Carlyle. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. 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. You bear the whole responsibility,related to their substance, content and the fact of publication. The venture was found in North America in United States.We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. 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. Providence Equity Partners was a 1996 vintage buyout fund managed by Providence Equity Partners. Active, Closed, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. Some are required for the site to work. If we find new data, we will add it here. 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. For the best experience, please use an alternate browser. Private equity-backed buyouts globally fell 51 per cent year on year in the first quarter of 2023 to total $136.1bn, according to Refinitiv data. PSG invests in growth-stage software businesses and the founders and management teams that drive them. [51], In September 2020, Providence announced a leadership transition plan, under which founder and CEO Jonathan M. Nelson would become Executive Chairman in January 2021. Get the full list, Morningstar Institutional Equity Research. The Providence Equity Partners L.L.C office and employees reside in Providence, Rhode Island. Meet the team that's with you every step of the way. Providence Equity Partners L.L.C. 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. The main department of described VC is located in the Providence. Providence II $363 million committed capital / $1,605 million total portfolio value Providence I $171 million committed capital / $835 million total portfolio value Providence Growth $276 million committed capital / $353 million total portfolio value Other Prior Funds $199 million total portfolio value Providence Equity Partners Portfolio Exits80 Portfolio Exits. Paula currently serves on the board of MeUndies, a Provenance portfolio company, as well as ThredUp (NASDAQ: TDUP), a publicly-traded high-growth recommerce platform. Providence has prioritized equitable vaccine deployment, data-informed approaches, program evaluation and sustainability, inclusive language in the electronic medical record, and provider education. At Providence, we recognize that inequity persists in nearly every major facet of society. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. We do not intend to delete any comments on the website unless within our noticeand take down procedure. Previously, she was Operating Partner at TSG Consumer Partners from 2014-2017 where she helped source and diligence new investment opportunities in the broader apparel and retail category and oversaw operational and management strategy at portfolio companies . A leading provider of digital-first STEM curriculum for the K-12 education market Learn more about our mission, vision and values. What's the most common final funding type when companies get acquired? [50], In April 2022, it was announced Providence had acquired the cloud-based managed Wi-Fi solutions provider, Airties. analyse how our Sites are used. 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. It also outlines five commitments that we pledge to deliver to every patient and every community we serve. Two years later, it raised $12 billion more in just three months. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. personalising content and ads, providing social media features and to Exit. Nautic targets equity investments of $25 to $100 million representing majority ownership in companies with proven business models, defensible market positions, and . Companies. How much aggregate funding have these organizations raised over time? Their latest portfolio exit was n2y on April 04, 2023. [1] [2] This is just the beginning. Providence is headquartered in Providence, RI, and also has offices in New York and London. With our trademark blend of grit, passion, experience and collaboration, we cut through the noise and help you discover opportunities for growth. We offer an assisted fundraising option for startups. Funds with similar focus located in United States: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. It sold the previously owned 21,175,226 shares for $496 million. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States. At Providence, we recognize that long-standing inequities have led to health disparities. To view Providence Equity Partnerss complete investments history, request access, Youre viewing 5 of 29 limited partners. 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. But opting out of some of these cookies may have an effect on your browsing experience. North Road is a global, multi-genre, independent content studio. 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 was a 1996 vintage buyout fund managed by Providence Equity Partners. These positions were updated on August 15th based on the funds latest 13F filing. Prior to joining Provenance, Mary Claire worked on the consumer investment team at Sands Capital Management, where she conducted global fundamental diligence on leading public companies in the consumer sector. We see you are visiting from an Internet Explorer browser. 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. Providence helps build and grow exceptional businesses that make a difference. Contact Information Fund Manager 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 . [43][44] The newly acquired companies were united and operate under the All Media Baltics company name (currently TV3 Group). We use 365 Retail Markets is a leading provider of self-service commerce technology to the foodservice industry. These F&O leading practices are by no means an all . Insights about top trending companies, startups. Currently, their heaviest sector is Technology making up 72.4% of Providence Equity Partners is the famous VC, which was founded in 1989. Compassion, Dignity, Justice, Excellence, Integrity. Premium access for businesses and educational institutions. The fund focuses on investments in the United States as At Providence, we recognize that long-standing inequities and systemic injustices exist in the world. What's the investment trend over time for this hub? All rights reserved. These cookies will be stored in your browser only with your consent.
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