Lovell Minnick racks up over $1.2 bln for fifth fund

Lovell Minnick Equity Partners has raised over $1.2 billion for its fifth fund, according to an SEC filing. No target was listed in the document. As previously reported by Buyouts, Evercore served as Fund V’s placement agent. Based in Radnor, Pennsylvania, the private equity firm targets investments in the financial services sector.