Lovell Minnick Partners Awarded Best Buyout Manager by Private Equity Wire US Awards

Firm recognized in $2.5 billion category

PHILADELPHIA & LOS ANGELES & NEW YORK—October 22, 2021 – Lovell Minnick Partners, LLC, a private equity firm focused on investments in financial services, financial technology and related business services companies, announced that it has been named best buyout manager for fund size up to $2.5 billion by the Private Equity Wire US Awards.

Since the firm’s inception in 1999, Lovell Minnick has partnered with more than 50 companies and led over 115 add-on acquisitions across the insuretech, payments, specialty finance, insurance brokerage and services, asset and wealth management, and business services sectors. Most recently, Lovell Minnick closed on its sale of Foreside Financial Group in early Q4 2021 and acquired a stake in mortgage solutions provider UniversalCIS in early 2021. The firm has raised $3.5 billion of committed capital from leading institutional investors including public and private pensions, insurance companies, endowments and foundations and held the final close of Fund V in late 2019 after hitting its hard cap of $1.28 billion.

The Private Equity Wire US Awards recognize fund managers and service providers covering all facets of the private equity ecosystem. To select the GP performance winners, Private Equity Wire utilized data provided by Bloomberg to compile shortlists. Readers were then invited to vote for the shortlisted firms via an online poll over a period of several weeks. Click here to view the complete list of winners.

“This award reflects our commitment to delivering value to our portfolio companies and investors alike and is a testament to our team’s hard work and dedication over the past two decades,” said Steve Pierson, Manager Partner at Lovell Minnick Partners. “It is an honor to have been recognized, and we look forward to continuing to partner with growth-oriented management teams to drive future results.”

About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investments in financial services, financial technology and related business services. The firm partners with outstanding management teams to help grow their companies and build value for investors through a combination of driving growth initiatives, strategic activity and operational improvements. Since Lovell Minnick’s inception in 1999, it has become a leader in its chosen space, raising $3.5 billion of committed capital from leading institutional investors including public and private pensions, insurance companies, endowments and foundations. To date, Lovell Minnick has completed more than 50 portfolio company investments.

Lovell Minnick seeks to invest in management-driven, growth-oriented companies that span the supply chains of investment products, insurance products, credit products and payments. Some of the areas in which the firm specializes include financial and insurance technology; payments; specialty finance; insurance brokerage and services; asset and wealth management; and related business services companies.

About the Award
The pre-selection criteria for the “Best Buyout Manager (fund size up to $2.5bn)” award shortlist was provided by Bloomberg. Candidates were determined as follows: (i) the fund manager universe included all funds managed by US-headquartered GPs, (ii) all funds in each category were grouped into their respective vintages and ranked on the basis of their net IRRs as at the end of 2020, (iii) for the performance categories, five vintages of funds were analyzed (2015-2019), (iv) all GPs that had more than one fund ranked among the top performers across those five vintages were shortlisted for that category, and (v) for the asset band groupings, asset thresholds were based on the respective individual fund sizes – not the overall assets under management of the GP in that category. Voting for the eventual winners was then conducted via an extensive online poll of the Private Equity Wire readership over a period of several weeks.