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press release

Sept. 4, 2019, 8:30 a.m. EDT

Adam Marcus Joins Providence Strategic Growth as a Managing Director

Providence Strategic Growth Capital Partners L.L.C. (“PSG”), an affiliate of Providence Equity Partners L.L.C., a premier private equity investment firm with over $40 billion in aggregate capital commitments, today announced that Adam Marcus has joined the firm as a Managing Director based in the Boston office.

Adam joins PSG from OpenView Venture Partners (“OpenView”), where he was a Partner focused on investing in and growing software and technology-enabled businesses. During his 10-year career with OpenView, he partnered with entrepreneurs to build category-leading companies. Prior to joining OpenView, Adam worked as a Senior Associate at Battery Ventures also focusing on investments in software and technology-enabled businesses.

“Adam played an integral role in building OpenView into a leading software investment firm, and we are excited to add him to the PSG team,” said Mark Hastings, Chief Executive Officer of PSG. “With his strong investment track record and experience leading and developing exceptional teams, we believe Adam will be a tremendous asset to PSG as we continue to successfully partner with entrepreneurs through our unique ‘buy and build’ strategy.”

“I am delighted to welcome Adam to the PSG team,” said Peter Wilde, Chairman of PSG. “Adam is a talented investor with deep domain expertise that will enable us to continue to support entrepreneurs who are building market-leading platforms. We look forward to Adam’s contributions as we continue to grow the PSG platform.”

“I feel privileged to join PSG,” said Adam Marcus. “The team at PSG has built a unique model and differentiated investment strategy that has produced outstanding results for their investors and partners. I look forward to helping them continue to build out the platform.”

About Adam Marcus

Adam has over 20 years of experience as a software investor and operator. Prior to joining PSG, he was a Partner at OpenView Venture Partners (“OpenView”), where he focused on software investments. Adam joined OpenView in 2009, and over the course of his time there he served was on the boards of Instructure /zigman2/quotes/200628597/composite INST -0.45% , Kareo, VTS, Spredfast (sold to Vista), UnBoundID (sold to Vista), Monetate, Instantly (sold to SSI) and Fieldaware. Prior to OpenView Venture Partners, he was an investor at Battery Ventures where he invested in ExactTarget (sold to Salesforce).

Adam received a Master of Business Administration from the Tuck School at Dartmouth College and a Bachelor of Arts from Franklin and Marshall College.

About Providence Strategic Growth Capital Partners L.L.C.

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. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. PSG is headquartered in Boston, MA, while Providence has offices in Providence, New York and London. For more information on PSG, please visit www.provequity.com/private-equity/psg , and for more information on Providence, please visit www.provequity.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20190904005308/en/

SOURCE: Providence Strategic Growth Capital Partners L.L.C.

Kelsey Markovich/Hayley Cook
Sard Verbinnen & Co
212-687-8080
prov-svc@sardverb.com

Copyright Business Wire 2019

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Dec. 9, 2019 6:30p
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