Lovell Minnick Partners

Lovell Minnick Partners is a private equity firm focused on investments in middle market financial and related business services companies in North America and Europe.[1]

History and Structure

Lovell Minnick was founded in 1999 by financial services executives Jeffrey D. Lovell and James E. Minnick. The firm currently has offices in Philadelphia, Los Angeles and New York.

The firm has raised over $3 billion in committed capital since inception from institutional investors such as public and private pension funds, insurance companies, endowments and foundations.[2] The firm has invested in more than 50 portfolio companies and made over 80 add-on acquisitions in the last 18 years.[3] Some of the firm’s notable previously owned investments include ALPS, J.S. Held, Worldwide Facilities, Duff & Phelps, and AssetMark. More recent investments include SRS Acquiom, Mercer Advisors (which was sold to Oak Hill Capital in 2019), Foreside Financial Group, CenterSquare Investment Management,[4] Tortoise Capital Advisors, and Inside Real Estate.[5]

Senior Leadership[6][7]

  • Jeffrey D. Lovell, Co-Chairman
  • James E. Minnick, Co-Chairman
  • Steven C. Pierson, Managing Partner
  • Robert M. Belke, Managing Partner
  • John D. Cochran, Partner
  • Spencer P. Hoffman, Partner
  • Brad Armstrong, Partner
  • Jason S. Barg, Partner
  • Trevor C. Rich, Partner

Strategy

Lovell Minnick Partners targets portfolio companies across financial services and related business services. Some of the areas of specialization include asset management, wealth management, investment product distribution, specialty finance, insurance brokerage and services, financial and insurance technology, and related business services.[8][9]

Fund summaries:[3]

FUNDAMOUNTVINTAGESELECT INVESTMENTS
FUND I$105 Million2000AssetMark, Duff & Phelps, Centurion, Stein Roe Investment Counsel
FUND II$224 Million2005ALPS, Seaside National Bank & Trust, Mercer Advisors
FUND III$456 Million2010Lincoln Investment Planning, Matthews, H.D. Vest, First Allied, Commercial Credit
FUND IV$750 Million2015CenterSquare Investment Management, J.S. Held; Engage People, Tortoise Capital Advisors, Worldwide Facilities, Foreside
FUND V$1.28 Billion2019oneZero, Billhighway, Inside Real Estate

References
  1. "Lovell Minnick Partners Website". Lovell Minnick Partners. Retrieved 15 February 2018.
  2. "Lovell Minnick to seek $1 bln with latest flagship: sources". PE Hub, February 5, 2018. Retrieved 15 February 2018.
  3. "Lovell Minnick Portfolio". (company website). Retrieved 15 February 2018.
  4. "BNY Mellon to sell CenterSquare to Lovell Minnick". Pensions & Investments, September 20, 2017.
  5. "Investing Firm Tortoise to Be Acquired by Group of Private-Equity Companies". Wall Street Journal, October 18, 2017. Retrieved 15 February 2018.
  6. "Lovell Minnick Senior Leadership". (company website). Retrieved 15 February 2018.
  7. "Pierson, Belke take helm at Lovell Minnick". PE Hub, January 18, 2018.
  8. "LBO Profile: Lovell Minnick Seeks Big Returns From Small Financial-Services Deals". Wall Street Journal Pro, July 5, 2016. Retrieved 15 February 2018.
  9. "The Fintech Finance 40: Steven Pierson". Institutional Investor, January 15, 2018. Retrieved 15 January 2018.
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