type limited liability company industry private equity founded 1989 27 years ago founder jonathan m. nelson ceo headquarters 50 kennedy plaza providence rhode island usa key people glenn m. creamer senior managing director paul j. salem senior managing director products leveraged buyouts growth capital total assets 45 billion number of employees 240 website www.provequity.com providence equity partners llc is an american global private equity investment firm focused on media communications education and information investments . the firm specializes in leveraged buyout transactions as well as growth capital investments and has invested in more than 140 companies globally since its inception in 1989 . 1 2 the firm manages funds with over 45 billion in commitments making it a large global player in the private equity industry . the firm also invests in credit funds through its capital markets group and affiliate benefit street partners . 3 4 benefit street partners closed on a 1.75 billion middle market direct lending fund in april 2014 . 5 6 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 7 making it the largest sector focused private equity fund ever raised . 8 providence is headquartered in providence rhode island with five additional offices in new york london hong kong beijing and new delhi . contents 1 history 2 senior advisors 3 references 4 external links history edit providence is led by founder and ceo jonathan m. nelson and senior managing director paul j. salem . 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 . providence partners with companies across different stages in their development from growth capital and complex recapitalizations of family owned businesses to large buyouts and take privates . the firm targets equity investments of 150 million to 800 million and can employ a variety of financing structures . 1 providence prefers to lead its investments serve on company boards and work collaboratively with company management . 9 in 2008 providence hired thomas gahan as president of the firm s new capital markets group . 10 prior to joining providence mr. gahan was head of deutsche bank s corporate and investment banking in the americas and chief executive officer of deutsche bank securities . the credit platform has 18 investment professionals based in the firm s new york office . 11 providence s investments have included autotrader.com group blackboard inc. eircom hulu kabel deutschland mls media new asurion newport television univision voicestream now t mobile us warner music group western wireless and world triathlon corporation ironman yes network zenimax media and topgolf . 12 13 since 2010 significant investments by the firm include rentpath ambassador theatre group miller heiman learfield communications the chernin group glm ufo moviez study group and abacus data systems . 14 15 16 17 18 providence s recent exits by sale or ipo include iqivi hulu yes network decision recourses mobileserv phones 4u bresnan communications and kabel deutschland . 1 19 20 21 in march 2013 providence and the national football league formed a global partnership to invest primarily in sports and entertainment related media assets . 22 in september 2012 providence sold a less than 10 % stake in the firm to florida s state pension system and a sovereign wealth fund . 23 senior advisors edit senior advisors that work with the firm on new investment opportunities and certain of the firm s existing investments include tony ball peter chernin richard d. parsons references edit a b c company overview of providence equity partners llc . bloomberg businessweek . retrieved 2012 09 21 . providence equity buys star india s stake in star cj . afaqs . june 6 2014 . ken macfadyen january 21 2010 . providence expands capital markets arm . leveraged finance news . julie segal november 12 2014 . tommy gahan wants to capitalize on volatility . institutional investor magazine . matthew sheahan april 10 2014 . benefit street closes 1.75 b credit fund . leveraged finance news . chris witkowsky april 10 2014 . providence equity debt arm hits 1.75 bln hard cap on fund iii . pehub . providence equity raises 12 billion buyout fund . the new york times . february 21 2007 . private equity international magazine s ranking of the world s largest private equity firms . . pei alternative insight . may 1 2008 . about us . provequity.com . retrieved 2012 09 14 . movers & shakers sept. 26 2008 . the deal magazine . september 26 2008 . providence equity partners names richard byrne president of credit investment arm benefit street partners pdf . providence equit partners . march 19 2013 . phil wahba june 25 2014 . private equity fuels ironman triathlon organizer s gauntlet . fortune . providence equity backs golf entertainment company topgolf . dow jones & company . 22 february 2016 . bob o brien october 22 2014 . tpg sells stake in rentpath to providence . the deal magazine . anne sylvaine chassany october 21 2013 . providence buys ambassador theatre group for 350m . financial times . learfield media services september 10 2013 . shamrock capital to sell learfield to providence equity . the southern illinoisan . providence equity partners acquires miller heiman . pr newswire . january 9 2013 . abacus data systems announces strategic investment by providence equity to fuel growth and innovation . abacus law . december 15 2015 . recent news . provequity.com . retrieved 2012 09 14 . baidu buys iqiyi.com from providence equity . pe hub . november 2 2012 . andy fixmer october 13 2012 . providence said to sell 10 % hulu stake for 200 million . bloomberg businessweek . nadia damouni march 18 2013 . nfl providence equity form strategic investment partnership . reuters . providence equity said to sell stake in firm to investors . bloomberg businessweek . september 25 2012 . external links edit official website v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors corporations institutional investors pension funds insurance companies fund of funds endowments foundations investment banks merchant banks commercial banks high net worth individuals family offices sovereign wealth funds crowdfunding related financial terms aum cap table capital call capital commitment capital structure distribution waterfall ebitda envy ratio high yield debt ipo irr leverage liquidation preference m & a pme taxation of private equity and hedge funds undercapitalization vintage year private equity and venture capital investors private equity firms venture capital firms angel investors portfolio companies v t e largest private equity investment firms 3i group aac capital partners advent international alpinvest partners american capital apax partners apollo global management ares management bain capital bc partners berkshire partners the blackstone group bridgepoint capital candover the carlyle group ccmp capital cerberus capital management charterhouse capital partners cinven clayton dubilier & rice cvc capital partners doughty hanson & co encap investments eqt partners first reserve corporation fortress investment group general atlantic goldman sachs capital partners gtcr hellman & friedman h.i.g. capital jrk property holdings kkr trilantic capital partners leonard green & partners madison dearborn partners nordic capital oak investment partners oaktree capital management onex teachers private capital pacific equity partners pai partners permira providence equity partners sentinel capital partners silver lake partners summit partners sun capital partners ta associates terra firma capital partners thomas h. lee partners tpg capital warburg pincus welsh carson anderson & stowe private equity private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title providence equity partners & oldid 729787474 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