Middle market buyout shop LLR Partners has added Frank Filipps and William Jacobs to its newly formed financial services advisory board. Filipps served most recently as chairman and CEO of information services and analytics company Clayton Holdings. Jacobs served most recently as chief operating officer of MasterCard. Philadelphia-based LLR Partners has more than $1.4 billion under management.
LLR Partners (“LLR”), a leading middle market private equity firm with more than $1.4 billion under management, today announced that Frank Filipps and William Jacobs have joined the firm’s newly formed Financial Services Advisory Board. Created to supplement LLR’s financial services investment team, the Advisory Board is composed of seasoned executives who have deep exposure to and expertise in multiple niches of the financial services arena. These new team members will provide LLR with an expanded network and richer strategic perspective.
“The Advisory Board has a proven track record of over 50 years of significant operating experiences and extensive industry knowledge, and we’re excited to have them join the team,” says Mitchell Hollin, Partner at LLR Partners. “Frank Filipps and William Jacobs are highly regarded individuals in their areas of expertise and will be instrumental in helping LLR navigate this dynamic environment, make better judgments, and assist our partner portfolio companies.”
Frank P. Filipps
Frank Filipps’ areas of expertise are specialty finance, credit and risk management, mortgage insurance, and capital markets. He most recently served as Chairman and CEO of Clayton Holdings, Inc. (formerly NASDAQ:CLAY), an information services and analytics company that provides credit and risk management products primarily to the mortgage industry. Previously, Filipps was Chairman and CEO of Radian Group Inc. (NYSE:RDN), which provides private mortgage insurance coverage on residential mortgage loans and financial guaranty insurance on debt instruments. Before joining Radian Group, Filipps was at American International Group where he served as President and CEO of AIG Capital Corp.
Filipps is a director of Impac Mortgage Holdings, Inc. (AMEX:IMH) and Primus Guaranty, Ltd. (NYSE:PRS).
William I. Jacobs
William Jacobs specializes in financial technology, payments, insurance, collections, and capital markets. Prior to his appointment, he served as Chief Operating Officer of MasterCard (NYSE:MA), and was responsible for developing new business ventures to service a wider range of member needs. Before joining MasterCard, Jacobs co-founded Financial Security Assurance Inc. (FSA), one of the world’s largest bond insurance companies. He served as COO, managing all staff functions, including finance, policy, administration, investment management and legal.
Jacobs is the Lead Director of Global Payments (NYSE:GPN) and is also Chair of the Audit Committee of Asset Acceptance Capital Corporation (NASDAQ:AACC).
LLR’s past and present financial services investments include:
— Fleet One, a provider of fuel charge cards and management information
services to vehicle fleet operators
— Healthcare Finance Group, a specialty lender to the health care industry
— Heartland Payment Systems (NYSE:HPY), a merchant credit card payment
— Lightspeed Financial, a leading provider of technology and brokerage
services to active traders
— Peachtree Financial Solutions, a specialty finance company purchasing
high-credit quality consumer assets
About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, Pa., provides capital to middle market growth companies with proven business models in a broad range of industries including financial, health care and business services, information technology, and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or majority positions, and investing in transactions ranging from expansion and growth capital to recapitalizations and buyouts. For more information on LLR, please visit www.llrpartners.com.