Providence Equity Partners L.L.C. (Providence)


Providence Equity Partners L.L.C. is a large advisory firm based in Providence. It manages $19.43 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2010.

Providence Equity Partners L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Providence Equity Partners L.L.C: assets under management

The assets under management (AUM) of Providence Equity Partners L.L.C. is $19.43 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 45% since the beginning of its operation, and $13.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $19.43 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $647.68 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Providence Equity Partners L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Providence Equity Partners L.L.C serves?

The only and largest group of clients of Providence Equity Partners L.L.C is pooled investment vehicles with 30 clients and $19.43 billion of assets under management. Among the 12 most similar advisory firms, Providence Equity Partners L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $19.43 billion for 30 clients. 33% of the firm’s clients are foreign persons or businesses.

Providence Equity Partners L.L.C also advises several private funds. Namely, thirty private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.

Careers at Providence Equity Partners L.L.C.

The company employs 205 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jonathan Milton Nelson Member, president and senior managing director of providence equity l.l.c. 1 Apr 2003 25% - 50% 5088937
Glenn Michael Creamer Member, vice president and senior managing director of providence equity l.l.c. 1 Apr 2003 Other 5088938
Paul Jude Salem Member, vice president and senior managing director of providence equity l.l.c. 1 Apr 2003 Other 2071043
Fund Management Inc. Non-managing member of providence equity partners l.l.c. 1 Nov 2006 25% - 50% 20-0226933
Gmc Pep Management Services Llc Non-managing member of providence equity partners l.l.c. 1 Nov 2006 Other 20-0271450
Pjs Pep Management Services Llc Non-managing member of providence equity partners l.l.c. 1 Nov 2006 Other 20-0222888
Jonathan Milton Nelson President and chief executive officer of providence equity partners l.l.c. 1 Nov 2006 Other 5088937
Glenn Michael Creamer Senior managing director and executive vice president of providence equity partners l.l.c. 1 Nov 2006 Other 5088938
Paul Jude Salem Senior managing director and executive vice president of providence equity partners l.l.c. 1 Nov 2006 Other 2071043
Jch Pep Management Services Inc. Non-managing member of providence equity partners l.l.c. 1 Nov 2006 Other 20-8209602
Mjm Pep Management Services Inc. Non-managing member 1 Nov 2006 Other 20-8209467
Jonathan M Nelson President and chief executive officer 1 Nov 2006 25% - 50% 5088937
Glenn M Creamer Senior managing director and executive vice president 1 Nov 2006 Other 5088938
Thomas James Gahan Non-managing member 1 Sep 2008 Other 1315264
Providence Equity Partners V Inc. Non-managing member of providence equity partners l.l.c. 1 Dec 2009 Other 20-1638240
Providence Equity Partners Inc. Non-managing member of providence equity partners l.l.c. 1 Dec 2009 Other 05-0487933
Providence Management Holdco L.L.C. Managing member 1 Dec 2009 Other 27-1502416
Providence Equity Partners Iii Inc. Non-managing member 1 Dec 2009 Other 05-0513704
Robert Stuart Hull Secretary, treasurer and chief financial officer of providence equity l.l.c. 1 Jul 2010 Other 1858868
Roman Andrew Bejger General counsel & chief compliance officer of providence equity partners l.l.c. 1 Oct 2010 Other 5862847
Robert Stuart Hull Chief financial officer of providence equity partners l.l.c. 1 Oct 2010 Other 1858868
Roman Bejger Chief compliance officer 1 Oct 2010 Other 5862847
Gary Steven Weinstein Chief operating officer 1 Oct 2010 Other 1303693
Providence Equity Global Group L.L.C Non-managing member of providence equity partners l.l.c. 1 Jul 2012 Other 68-0679481
Providence Equity Global Group L.L.C. Member of providence equity l.l.c. 1 Jul 2012 Other 68-0679481
Providence Managing Member L.L.C. Managing member of providence equity partners l.l.c. 1 Jul 2012 Other 27-1430591
Charles Edward Gottdiener Chief operating officer of providence equity partners l.l.c. 1 Jun 2014 Other 4299779
Providence Equity Partners L.L.C. Managing member of providence strategic growth capital partners l.l.c. 1 Sep 2014 25% - 50% 155678
Marc Gerald Puglia Chief financial officer, secretary and treasurer of providence strategic growth capital partners l.l.c. 1 Sep 2014 Other 6262774
Mark Edward Hastings President and chief executive officer of providence strategic growth capital partners l.l.c. 1 Sep 2014 25% - 50% 4510935
Roman Andrew Bejger General counsel of providence strategic growth capital partners l.l.c. 1 Sep 2014 Other 5862847
Meh Psg L.L.C. Non-managing member of providence strategic growth capital partners l.l.c. 1 Sep 2014 25% - 50% 81-4739546
Marc Gerald Puglia Managing director and chief financial officer of providence equity partners l.l.c. 1 May 2015 Other 6262774
Peter Osgood Wilde Non-managing member of providence strategic growth capital partners l.l.c. 1 Jan 2016 Other 6776950

Indirect Owners

The SEC currently registers 25 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jonathan Milton Nelson Shareholder 1 Dec 1995 50% - 75% 5088937
Glenn Michael Creamer Shareholder 1 Dec 1995 25% - 50% 5088938
Paul Jude Salem Shareholder 1 Dec 1995 25% - 50% 2071043
Jonathan M Nelson Shareholder 1 Oct 1998 25% - 50% 5088937
Glenn M Creamer Shareholder 1 Oct 1998 25% - 50% 5088938
Paul Jude Salem Shareholder 1 Oct 1998 25% - 50% 2071043
Jonathan Milton Nelson Shareholder 1 Oct 1998 25% - 50% 5088937
Glenn Michael Creamer Shareholder 1 Oct 1998 25% - 50% 5088938
Jonathan Milton Nelson Shareholder 1 Sep 2004 25% - 50% 5088937
Glenn Michael Creamer Shareholder 1 Sep 2004 25% - 50% 5088938
Paul Jude Salem Shareholder 1 Sep 2004 25% - 50% 2071043
Jonathan M Nelson Shareholder 1 Sep 2004 25% - 50% 5088937
Glenn M Creamer Shareholder 1 Sep 2004 25% - 50% 5088938
John Charles Hahn Shareholder 1 Nov 2006 75% - 100% 6629019
Mark J. Masiello Shareholder 1 Nov 2006 75% - 100% 5862977
Providence Managing Member L.L.C. Managing member 1 Nov 2009 Other 27-1430591
Jonathan Milton Nelson Member 1 Nov 2009 25% - 50% 5088937
Glenn Michael Creamer Member 1 Nov 2009 25% - 50% 5088938
Paul Jude Salem Member 1 Nov 2009 25% - 50% 2071043
Providence Equity Global Group L.L.C. Sole member 1 Nov 2009 75% - 100% 68-0679481
Jonathan M Nelson Member 1 Nov 2009 50% - 75% 5088937
Glenn M Creamer Member 1 Nov 2009 25% - 50% 5088938
On Behalf Of The Florida Retirement System Trust Fund The State Board Of Administration Of Florida Member 1 Jul 2012 25% - 50% 59-1354377
Dyal Capital Partners (B) Lp Member 1 Jul 2014 25% - 50% 46-0525084
Mark Edward Hastings Sole member 1 Aug 2014 75% - 100% 4510935

Based in Providence

The principal office where Providence Equity Partners L.L.C. performs its advisory services is located at 50 Kennedy Plaza, 18 Th Floor, Providence, RI 02903, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-751-1700 or by fax 401-277-5675. The normal business hours are 8:30 am - 6 pm on Monday - Friday. You can find more information about the New York firm at provequity.com.

Registered investment advisers similar to Providence Equity Partners L.L.C.