Providence Strategic Growth Closes First Fund with $315 Million of Equity Commitments

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PROVIDENCE, R.I.--(BUSINESS WIRE)--Providence Equity Partners L.L.C., the world’s leading private equity firm focused on media, communications, education and information companies, announced today that its affiliate, Providence Strategic Growth Capital L.P. (“PSG”), closed its first fund with $315 million of equity commitments. The fund was oversubscribed, exceeded its target of $250 million, and hit its hard cap. The fund received commitments from many existing and new Providence investors, in

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