Lovell Minnick Raises $455 Million for Fund III

Lovell Minnick Partners, a mid-market private equity firm focused on the financial services sector, has closed its third fund with $455 million in capital commitments. It had been targeting $350 million.

Limited partners include PPM America Capital Partners, HighVista Strategies, INVESCO Private Equity, WP Global Partners, Credit Suisse Customized Fund Investment Group, Kemnay Private Equity, Nationwide Mutual Insurance Co., Private Advisors, RCP Advisors, Twin Bridge Capital Partners and Washington University of St. Louis.

PRESS RELEASE

Lovell Minnick Partners LLC, a private equity firm providing buyout and growth capital to companies in the financial services industry, is pleased to announce the final closing of Lovell Minnick Equity Partners III LP. The fund surpassed its $350 million target by successfully raising $455 million from institutional and private investors. The fund focuses on middle market investments in the financial services sector including asset management, financial product distribution, outsourced administration services, investment banking and securities brokerage, commercial and trust banking, and related business services. The investment of the fund is managed by the Lovell Minnick Partners’ team operating from offices in California and Pennsylvania.

Returning limited partners were led by commitments from PPM America Capital Partners, HighVista Strategies, INVESCO Private Equity and WP Global Partners. A broad range of institutional investors came on board as new limited partners for the fund, including: Credit Suisse Customized Fund Investment Group, Kemnay Private Equity, Nationwide Mutual Insurance Company, Private Advisors, RCP Advisors, Twin Bridge Capital Partners and Washington University of St. Louis.

Credit Suisse Securities (USA) LLC acted as Lovell Minnick Partners’ exclusive placement agent for the fundraising and Kirkland & Ellis LLP served as its legal advisor.

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 Los Angeles and Philadelphia areas, Lovell Minnick manages private equity partnerships totaling over $800 million on behalf of qualified private and institutional investors. Portfolio companies of Lovell Minnick operate in various areas of the global financial services industry, including asset management, financial product distribution, outsourced administration services, investment banking and securities brokerage, commercial and trust banking, and related business services. For more information regarding Lovell Minnick Partners and its portfolio companies, please visit www.lovellminnick.com.