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Providence Strategic Growth pulls in $2B for 4th fund

Providence Strategic Growth Capital Partners LLC raised $2.0 billion for Providence Strategic Growth IV.

The oversubscribed fund attracted commitments from new and existing investors, which include state pension funds, sovereign wealth funds, family offices and high-net-worth individuals.

The fund has made four investments to date, involving a software platform that facilitates the transportation of passengers, goods and workers; customer data management company Validity Inc.; technology and third-party logistics solutions provider GlobalTranz Enterprises Inc.; and Chatmeter Inc., a search marketing and reputation management provider for multilocation businesses.

Providence Strategic Growth, which is an affiliate of Providence Equity Partners LLC, is a lower-middle-market investor focused on software and technology-enabled companies.