Providence Equity Partners has hired Renée Beaumont as a Managing Director and Global Head of Business Development. Ms. Beaumont will oversee all business development, marketing and investor relations activities globally across the firm’s private equity and credit funds.
Ms. Beaumont joins Providence from Goldman Sachs where since 2004 she has served in a variety of senior positions, including most recently as a Managing Director in the firm’s Merchant Banking Division. She led the bank’s institutional business development efforts in a variety of markets and managed its co-investment program across multiple funds.
“We regularly add top talent in every area of our business, and we are pleased to welcome such a seasoned leader to our business development team at Providence,” said Jonathan Nelson, Chief Executive Officer of Providence. “Renée’s track record of successful capital raising, strong network of relationships with institutional investors around the world, and her deep understanding of the private capital markets makes her an ideal candidate to lead our business development team. We look forward to her contributions as we continue to grow, expand our private equity and credit product offerings, and meet the rapidly evolving needs of our international base of investors over the long-term.”
Prior to serving as a Managing Director in the Merchant Banking Division, Ms. Beaumont was Head of the Americas Utility/Power & Communications Investing for the Infrastructure Fund at Goldman Sachs, where she was responsible for sourcing, negotiating and financing infrastructure investments. Prior to Goldman Sachs, Ms. Beaumont was a Senior Corporate Associate at law firm Shearman & Sterling where she represented and provided legal and business counsel to Fortune 500, multinational and national companies, investment banks and private businesses. In addition, she led and negotiated financings, spin-offs, acquisitions, securities and private equity transactions. Ms. Beaumont has a Bachelor of Arts degree in Political Science from the University of Victoria and a Bachelor of Law degree from the University of New Brunswick.
Providence Equity Partners invests in the media, entertainment, communications and information industries and has approximately $28 billion of equity capital under management. The firm was founded in 1989 and is based in Providence, RI with additional offices in New York, Los Angeles, London, Hong Kong, and New Delhi (www.provequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-14-13