Debevoise & Plimpton LLP has advised Providence Strategic Growth Capital Partners in the formation of Providence Strategic Growth IV (“PSG Fund IV”), with $2 billion of limited partner commitments. PSG Fund IV, which closed at its hard cap and was oversubscribed, received commitments from existing and new investors, including state pension funds, sovereign wealth funds, family offices and high net worth individuals. The closing of PSG Fund IV increases the amount of PSG’s aggregate capital commitments to more than $4.0 billion. For more information, please see Providence’s press release.

Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value.

The Debevoise team was led by partner Andrew Ahern and associates Alisa Waxman, Xiao Luo, Michael Ronca and Ignacio Saldana. Partner Rafael Kariyev and associate Lena Smith advised on tax matters.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.