Providence Equity Partners
is a global private equity
investment firm focused on media, entertainment, communications and information investments. The firm specializes in leveraged buyout
transactions as well as growth capital investments and has invested in more than 100 companies globally since its inception in 1989.
The firm manages funds with over $22 billion in equity commitments, making it a large global player in the private equity industry. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The firm’s sixth fund, Providence Equity Partners VI, closed on $12 billion in 2007, making it the largest sector-focused private equity fund
Providence is headquartered in Providence, Rhode Island with five additional offices in New York, Los Angeles, London, Hong Kong and New Delhi.
Providence is led by CEO Jonathan M. Nelson. The firm relies primarily on pools of committed capital that are raised from a broad array of institutional investors (e.g., pension funds, endowments, sovereign wealth funds, financial institutions, insurance companies, fund of funds, and high net worth individuals).
On September 16, 2009 Richard Parsons, who became chairman of Citigroup Inc. in February 2009, joined Providence Equity Partners Inc. as a senior adviser.... Read More