Providence Equity Partners is a global private equity In finance, private equity is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange. Investments in private equity most often involve either an investment of capital into an operating company or the acquisition of an operating company. Capital for private equity is raised primarily investment firm focused on media, entertainment, communications and information investments. The firm specializes in leveraged buyout A leveraged buyout (or LBO, or highly-leveraged transaction , or "bootstrap" transaction) occurs when a financial sponsor acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage (borrowing). The assets of the acquired company are used as collateral for 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[1], making it the largest sector-focused private equity fund ever raised[2].
Providence is headquartered in Providence, Rhode Island with five additional offices in New York, Los Angeles, London, Hong Kong and New Delhi.
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