Renée Beaumont is joining Providence Equity Partners as an MD and Global Head of Business Development effective May 15. Beaumont joins Providence from Goldman, Sachs & Co. where she was most recently as an MD in the firm’s Merchant Banking Division.
Providence, RI – May 13, 2013 – Providence Equity Partners, a leading private equity firm with $28 billion in commitments, today announced that Renée Beaumont will join the firm as a Managing Director and Global Head of Business Development, effective May 15. She will oversee all business development, marketing and investor relations activities globally across the firm’s private equity and credit funds.
Ms. Beaumont joins Providence from Goldman, Sachs & Co., where since 2004 she has served in a variety of senior positions, including most recently as a Managing Director in the firm’s Merchant Banking Division. She led the bank’s institutional business development efforts in a wide variety of significant markets and managed its co-investment program across multiple funds.
“We regularly add top talent in every area of our business, and we are pleased to welcome such a seasoned leader to our business development team at Providence,” said Jonathan Nelson, Chief Executive Officer of Providence. “Renée’s track record of successful capital raising, strong network of relationships with institutional investors around the world, and her deep understanding of the private capital markets makes her an ideal candidate to lead our business development team. We look forward to her contributions as we continue to grow, expand our private equity and credit product offerings, and meet the rapidly evolving needs of our international base of investors over the long-term.”
Providence manages an array of private equity and credit investment funds, including its global private equity funds focused on growth capital and buyout opportunities in the media, communications, education and information sectors. The firm’s credit investment capabilities include high yield bonds, long-short credit, senior secured debt, private debt/direct lending and structured credit vehicles.
Prior to serving as a Managing Director in the Merchant Banking Division, Ms. Beaumont was Head of the Americas Utility/Power & Communications Investing for the Infrastructure Fund at Goldman Sachs, where she was responsible for sourcing, negotiating and financing infrastructure investments. Prior to Goldman Sachs, Ms. Beaumont was a Senior Corporate Associate at Shearman & Sterling LLP, the international law firm, where she represented and provided legal and business counsel to a wide range of clients, including Fortune 500, multinational and national companies, investment banks and private businesses throughout a range of industries. In addition, she led and negotiated financings, spin-offs, acquisitions, securities and private equity transactions.
Ms. Beaumont earned a Bachelor of Arts degree in Political Science from the University of Victoria (British Columbia, Canada) and a Bachelor of Law from the University of New Brunswick (New Brunswick, Canada).
About Providence Equity Partners
Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, communications, education, and information companies around the world. Providence’s credit investment arm also manages several credit funds and tailored separate accounts. In total, the firm’s principals manage funds with $28 billion in commitments and have invested in more than 130 companies globally since the firm’s inception in 1989. Visit www.provequity.com for more information.