FORTUNE — The Giving Pledge, a Buffett/Gates initiative whereby wealthy participants promise to donate the majority of their wealth to philanthropy, has announced 11 new signatories. Among them is Jonathan Nelson, founder and CEO of buyout firm Providence Equity Partners.
According to Forbes, Nelson has a net worth of approximately $1.5 billion. His current Providence-related board seats include Chernin Group, Hulu, MLS Media, Television Broadcasts Ltd., Univision Communications and Yankees Entertainment & Sports Network.
What follows is from Nelson’s Giving Pledge letter:
One of the admirable qualities of our great country is the history and culture of helping those less fortunate. In America giving is not unusual; it is mainstream. I always thought if I were lucky enough to be in a position to help others, I would. The vast majority of Americans are this way. This is who we are. And while separate acts of generosity are generally not remarkable, taken as a whole it defines us. I never imagined not doing my part.
Nelson is the second active private equity executive to sign a Giving Pledge, following in the footsteps of The Carlyle Group’s CG David Rubenstein. Other PE-related folks on the list include Blackstone Group co-founder Pete Peterson and Forstmann Little founder Ted Forstmann, who passed away earlier this year.
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