The PROVIDENCE GROUP is a privately held investment adviser that advises $44.21Bn in regulatory assets under management held in 4 SEC fund types across 5 investment strategies. PROVIDENCE GROUP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 29.4% over the last 5-years.
The Group has been registered with the SEC for 15.71 years and is comprised of 3 filing and 0 relying advisers. They operate out of 9 office locations with their Headquarters at 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE, RHODE ISLAND. The Group has not been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 179 employees comprised of 68 investment and 111 non-investment staff. The total number of Employees decreased by 18.26% over the last 5-years.
Their $44.21Bn in assets advised are owned by 51 private funds, 2 public funds and BDCs and 111 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $27.56Bn or 62.34% of Total Assets and Corporations or Other Businesses own $10.61Bn or 24% of Total Assets.
The Group's top investment strategies include Traditional LBO, Multi Strat and FI/Credit - Diverse, representing 87.49%, 10.54% and 1.77% of total assets, respectively.
They advise 6 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Corporations or Other Businesses.
The Group uses 4 Fund Administrators, 3 Fund Auditors, 2 Prime Brokers, 6 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
PROVIDENCE GROUP names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 1 fund.