Providence Equity Partners Named a Founder-Friendly Investor by Inc. Magazine

October 4, 2022

NEW YORK – October 4, 2022 – Providence Equity Partners L.L.C. (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, today announced that it has been recognized as a Founder-Friendly Investor by Inc. Magazine on its annual list of private equity and venture capital firms that have helped founder-led businesses accelerate growth and create value. Providence was recognized as a leading investor in the middle market as well as the Business, Products and Services sector, and Inc. highlighted Providence’s long track record of backing visionary founders and supporting their exceptional teams.  

“At Providence, we pride ourselves on our true partnership approach with the founders and executives of the companies in which we invest, and we appreciate the opportunity to work with them to help pursue their companies’ potential. We are honored that Inc. has recognized our collaborative approach and named Providence as one of North America’s most founder-friendly investors,” said Davis Noell, Senior Managing Director and Co-Head of North America at Providence. 

“For over three decades, Providence has sought to consistently identify and partner with outstanding entrepreneurs at the forefront of their industries. This is a key part of our investment strategy, and our sector-focused approach means we can support entrepreneurs with the resources, expertise and network to help them better execute their vision. We are fortunate to have found so many opportunities where our culture, values and goals align closely with those of the teams we are investing behind,” said David Phillips, Senior Managing Director and Co-Head of North America at Providence.

Providence’s investment philosophy is rooted in forming deep partnerships with founders and entrepreneurs to build long-term value and enduring franchises. Over the past decade, the companies in Providence’s two most recent funds have added over 26,000 jobs, a testament to the firm’s ethos of encouraging entrepreneurs to prioritize organic and inorganic growth as the principal means of value creation.

Founders and entrepreneurs who partner with Providence gain access to leading resources, which they can leverage to help meet their business objectives. The firm’s dedicated team of portfolio operations professionals assist with a broad range of initiatives, including market research, pricing optimization, sales force organization and effectiveness and acquisition sourcing and integration. Founders and entrepreneurs also gain access to Providence’s broad network of industry relationships built over three decades of experience in media, communications, education, and technology.

“Fully investing in an entrepreneur, and their innovative vision, involves far more than the financial investment. By developing relationships with and supporting entrepreneurs for the long-term, these private equity firms are more than investors, they’re partners,” says Scott Omelianuk, editor-in-chief of Inc. media.

About Providence Equity Partners
Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate attractive returns.

Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. With its headquarters in Providence, RI, the firm also has offices in New York, London, Boston and Atlanta.

For more information, please visit

About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit


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Inc.’s 2022 List of Founder-Friendly Investors Award (awarded on October 4, 2022). The 2022 List of Founder-Friendly Investors recognition is awarded by Inc., an independent, third party that is not affiliated with Providence. Inc. requested nominees provide them with no more than 5 entrepreneur references from U.S.-based, founder-led, portfolio companies that Providence-sponsored investment vehicles had exited between January 1, 2017 and the application deadline of May 13, 2022, and Inc. independently assessed the nominees based on responses to a questionnaire by such entrepreneur references. The number of nominees reviewed for this recognition was not disclosed to Providence, and therefore, it and the percentage of nominees receiving the recognition, cannot be disclosed herein. Inc.’s recognition is not indicative of Providence’s future performance and was not based on the evaluations of clients or investors of Providence. Providence paid an application fee to participate in this process. Nominees were not required to be subscribers to Inc. media to be considered.