Providence Equity Capital Markets L.L.C. (Providence)


Providence Equity Capital Markets L.L.C. is a large advisory firm based in Providence. It manages $341.89 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2010.

Providence Equity Capital Markets L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Providence Equity Capital Markets L.L.C: assets under management

The assets under management (AUM) of Providence Equity Capital Markets L.L.C. is $341.89 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -76% since the beginning of its operation, and $232.76 million of the total AUM is attributable to clients outside of the United States.

The firm manages $341.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $31.08 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Providence Equity Capital Markets L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Providence Equity Capital Markets L.L.C serves?

The only and largest group of clients of Providence Equity Capital Markets L.L.C is pooled investment vehicles with 11 clients and $341.89 million of assets under management. Among the 11 most similar advisory firms, Providence Equity Capital Markets L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $341.89 million for 11 clients. 64% of the firm’s clients are foreign persons or businesses.

Providence Equity Capital Markets L.L.C also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $20,000,000 for each fund.

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jonathan Milton Nelson Member, president and senior managing director 1 Apr 2003 25% - 50% 5088937
Glenn Michael Creamer Member, vice president and senior managing director 1 Apr 2003 Other 5088938
Paul Jude Salem Member, vice president and senior managing director 1 Apr 2003 Other 2071043
Jonathan Milton Nelson Member 1 Nov 2009 25% - 50% 5088937
Glenn Michael Creamer Member 1 Nov 2009 25% - 50% 5088938
Paul Jude Salem Member 1 Nov 2009 25% - 50% 2071043
Providence Managing Member L.L.C. Managing member 1 Nov 2009 Other 27-1430591
Providence Equity Global Group L.L.C. Sole member 1 Nov 2009 75% - 100% 68-0679481
Providence Managing Member L.L.C. Managing member 1 Jul 2012 Other 27-1430591
Thomas James Gahan Sole member 1 Jul 2012 75% - 100% 1315264
Providence Equity Global Group L.L.C. Member 1 Jul 2012 25% - 50% 68-0679481
Providence Management Holdco L.L.C. Managing member 1 Jul 2012 Other 27-1502416

Based in Providence

The principal office where Providence Equity Capital Markets L.L.C. performs its advisory services is located at 50 Kennedy Plaza, Providence, RI 02903, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-751-1700 or by fax 401-277-5675. The normal business hours are 8:30 am - 6 pm on Monday - Friday. You can find more information about the New York firm at provequity.com.

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