Wednesday, May 16, 2012

peHUB-Providence Equity raises $4B plus for media fund

NEW YORK, May 16 (peHUB) - Providence Equity Partners has
raised $4 billion to $4.5 billion for its seventh fund, which
has a $6 billion target, and the firm will likely hold a final
close in the third quarter. A recent flurry of exits appears to
have given the media private equity shop's latest fund a shot of
momentum.

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