PROVIDENCE EQUITY PARTNERS L.L.C.
PROVIDENCE EQUITY PARTNERS L.L.C. is a Series C+ and buyout fund in the US and Europe writing $150M–$500M checks into media, communications, education and technology.
- Stages
- Series C+, buyout
- Sectors
- media, communications, education, technology
- Check size
- $150M–$500M
- Invests in
- US-wide, Europe
- Actively investing
- Yes
- Founded
- 1989
- Assets under management
- $35B
- Website
- provequity.com
Thesis
Providence Equity Partners L.L.C. is a private equity firm founded in 1989, with headquarters in Providence, Rhode Island, and offices globally. They specialize in media, communications, education, and technology sectors, targeting growth-oriented companies in North America and Europe. Their strategy involves leveraging deep industry knowledge, thematic investing, a middle-market+ focus (companies with enterprise values typically under $1.5 billion, but open to larger ones), buy-and-build capabilities, and a partnership approach. They invest equity of $150 million to $500 million per deal, supporting growth capital, complex recapitalizations, large buyouts, and take-privates. The firm manages substantial capital, with AUM reported up to $35 billion as of 2023. Providence Equity Partners VIII, their eighth fund, closed in 2019 with $6 billion. The firm also emphasizes responsible investing, integrating ESG considerations and participating in initiatives like EDCI and PRI.
Common questions
Does PROVIDENCE EQUITY PARTNERS L.L.C. invest at the Series C+ stage?
Yes. PROVIDENCE EQUITY PARTNERS L.L.C. lists Series C+ and buyout among the stages it invests in.
What check size does PROVIDENCE EQUITY PARTNERS L.L.C. write?
PROVIDENCE EQUITY PARTNERS L.L.C. writes $150M–$500M checks.
Where does PROVIDENCE EQUITY PARTNERS L.L.C. invest?
PROVIDENCE EQUITY PARTNERS L.L.C. invests in the US and Europe.