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.
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 $6 billion in committed capital since inception from institutional investors such as public and private pension funds, insurance companies, endowments and foundations. The firm has invested in more than 50 portfolio companies and made over 200 add-on acquisitions in the last 25 years. 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, Tortoise Capital Advisors, and Inside Real Estate.
Strategy Lovell Minnick Partners targets portfolio companies across financial services and business services. Some of the areas of specialization include wealth management, insurance brokerage and services, payments, financial and insurance technology, and business services.
Fund summaries:
FUND AMOUNT VINTAGE SELECT INVESTMENTS FUND I $105 Million 2000AssetMark, Duff & Phelps, Stein Roe Investment Counsel FUND II $224 Million 2005ALPS, Seaside National Bank & Trust, Mercer Advisors FUND III $456 Million 2010Lincoln Investment Planning, Matthews, H.D. Vest, First Allied, Commercial Credit FUND IV $750 Million 2015CenterSquare Investment Management, J.S. Held; Engage People, Tortoise Capital Advisors, Worldwide Facilities, Foreside FUND V $1.28 Billion 2019oneZero, Fortis, Pathstone, Warner Pacific, W1M, Xactus
References
External links Official website