Providence looks to cash out LPs in Fund VII, get fresh capital into Fund VIII


Providence Equity, private equity, pension fund, limited partners
A statue of Roger Williams looks out on Providence, Rhode Island, from Prospect Terrace Park. Photo courtesy kickstand/iStock/Getty Images
  • Providence closed Fund VII in 2013
  • Looks to cash out existing LPs in older fund
  • Get a shot of new capital into Fund VIII
Providence Equity is running a process that would allow limited partners in its seventh fund to cash out of their interests in the pool, three sources told Buyouts. Around five buyers are competing in the process, known as a tender ...

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