Providence Equity Partners

Summary

Providence Equity Partners is the famous VC, which was founded in 1989. The main department of described VC is located in the Providence. The venture was found in North America in United States.

We can highlight the next thriving fund investment areas, such as Service Industry, Gaming. Among the various public portfolio startups of the fund, we may underline iQiyi, Hulu, Skybox Security For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has specific favorite in a number of founders of portfolio startups. 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. Despite the Providence Equity Partners, startups are often financed by Brown Brothers Harriman, True Ventures, TDF Ventures. The meaningful sponsors for the fund in investment in the same round are Susquehanna Growth Equity, Providence Strategic Growth, First Union Corporation. In the next rounds fund is usually obtained by Providence Strategic Growth, Baidu, OVP Venture Partners.

The current fund was established by Jonathan Nelson. The overall number of key employees were 11.

This Providence Equity Partners works on 6 percentage points more the average amount of lead investments comparing to the other organizations. The high activity for fund was in 2000. The common things for fund are deals in the range of 50 - 100 millions dollars. The fund is constantly included in 2-6 deals per year. The top amount of exits for fund were in 2019. When the investment is from Providence Equity Partners the average startup value is 500 millions - 1 billion dollars. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations.