Some companies chalk their success up to providence, others to Providence Equity Partners. Focusing on media, entertainment, information, and communications companies in all stages of development, the private equity firm is an active investor that usually collaborates with target companies' management and takes seats on their boards. It typically invests between $250 million and $2.5 billion per transaction and manages some $21 billion in committed capital. Current portfolio holdings include stakes in Education Management Corporation, Freedom Communications, Metro-Goldwyn-Mayer, Univision, and Warner Music Group.