AltAssets reported earlier this month that Dennison had stepped down from Providence, making him the eighth managing director to leave the firm since 2012 according to Bloomberg.
Dennison had only been at Providence since 2011 following a seven year stint as head of investor relations at Candover.
He previously worked for eight years at Boston Consulting Group and for six years at SG Warburg.
Providence was thought to have hit the $5bn target for its latest private equity fund in July, putting Fund VII well below its original $8bn target if PEI’s report was correct.
It added that Providence was still fundraising for its $1bn-targeting third debt vehicle.
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