Lovell Minnick Partners, a provider of buyout and growth capital to companies in the financial services industry, has named Heinz Hockmann a senior advisor. Hockmann will assist and advise the firm in deal sourcing, due diligence and evaluation, with specific focus on international asset management opportunities. He was previously an executive officer at Commerzbank AG in Germany for nearly twenty years.
Lovell Minnick Partners LLC, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, has engaged Dr. Heinz J. Hockmann as a Senior Advisor.
As Senior Advisor, Dr. Hockmann will assist and advise Lovell Minnick’s investment professionals in deal sourcing, due diligence and evaluation, with specific focus on international asset management opportunities. Dr. Hockmann joins Alan Warrick, a former Aegon insurance executive, in Lovell Minnick’s senior advisor effort.
Dr. Hockmann was an executive officer at Commerzbank AG in Germany for nearly twenty years and was a Member of the Management Board of the bank with responsibilities for asset management, private banking and investment banking. Earlier in his career at Commerzbank, he founded its asset management business for international institutional clients and built the bank’s global asset management platform. Dr. Hockmann’s group oversaw EUR140 billion in assets under management across 20 countries. After his tenure at Commerzbank, through 2005, he led the restructuring of Westfalenbank AG, a bank focused on mid-size companies, asset management and private banking. He then joined Fortis Investments and developed its asset management business in Germany, Austria and Eastern Europe. In 2008, he co-founded Silk Invest, an investment management company headquartered in London and specialized in frontier markets with offices in various African and Middle Eastern countries. Dr. Hockmann serves on the Board of Silk Invest as well as the boards of several German companies in the financial services sector including WWK, a major German insurance company. Dr. Hockmann holds a master’s degree from Bochum University where he also received his Ph.D. in 1983.
“Dr. Hockmann’s extensive banking and asset management background along with his expertise in the international markets will provide Lovell Minnick with valuable industry insights as we seek new investments,” said Jeffrey D. Lovell, Chairman and Managing Director of Lovell Minnick Partners.
Dr. Hockmann noted, “I have previously worked with several Lovell Minnick partners for many years and have observed the firm’s superb investment performance and their strong team development. I look forward to working alongside them in the global asset management market.”
Lovell Minnick Partners is actively investing Lovell Minnick Equity Partners III LP which closed in January 2010. This $455 million partnership has completed four investments to date and is focused on investments in various financial segments, including asset management, financial planning, financial product distribution, specialty finance, securities brokerage, banking, outsourcing providers and related companies specializing in administration services.
About Lovell Minnick Partners
Lovell Minnick Partners LLC is an independent, management-owned private equity firm providing buyout and growth capital to companies in the financial services industry. From offices in the Philadelphia and Los Angeles areas, Lovell Minnick manages private equity partnerships totaling over $800 million on behalf of qualified private and institutional investors.