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2021 

LMP By the Numbers

KEEPING UP WITH LOVELL MINNICK

2021 Year in Review

We’re excited to share some of the highlights from Lovell Minnick Partners’ investment activity throughout 2021. As we enter a new year of opportunity and uncertainty alike, we at Lovell Minnick continue to focus on the health and safety of our team while seeking to drive steady growth across our portfolio and provide strong risk-adjusted returns for our investors. We’re extremely thankful for the support from our investors, family and friends and we look forward to what 2022 will bring! 

$3.5B Committed Capital Since Inception

50+ Portfolio Companies Since Inception

115+ Add-On Acquisitions Since Inception

PORTFOLIO COMPANY COMMENTARY

2021

Industry Recognitions

We’re honored to share that we were recognized this year as the “Best Buyout Manager (fund size up to $2.5bn)” in this year’s Private Equity Wire US Awards⁽¹⁾ and a Top Founder Friendly Investor by Inc⁽²⁾.

We’re also honored to share that Lovell Minnick has become a signatory to the Institutional Limited Partners Association (“ILPA”) Diversity in Action initiative. The ILPA Diversity in Action initiative brings together limited partners and general partners who share a commitment to advancing diversity, equity and inclusion in the private equity industry. The goal of the initiative is to motivate market participants to engage in the journey towards becoming more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time. For more information on ILPA please visit this link and check out the full list of signatories here.

2021 PLATFORM INVESTMENTS

LMP Completed Majority Investments In:

PORTFOLIO COMPANY

Video Spotlight

At Lovell Minnick, we are deeply focused on creating strong bonds with management teams and are proud to show you an inside look at our partnership with UniversalCIS.

2021 ADD-ONS

34 Add-Ons: Robust Deal Flow Through the Year

REALIZATIONS IN 2021

5 Full & Partial Realizations

LMP IN THE NEWS

Our Partners' Perspectives in the Media

We’ve enjoyed sharing our insights, perspectives and news with industry leading publications:

• FundFire: More Mergers Ahead as Fund Admin Market “Reinvents Itself”
• Fox Business: Consumer prices surge by most in 31 years
• Benefit PRO: How the shifting employee/employer power dynamic is impacting the benefits biz
• Private Equity International: Private equity’s growing appetite for tech
• Behind the Buyouts Podcast: Behind the Buyouts: Lovell Minnick’s Pierson Charts Fintech's Rise
• Insurance Business America: Data-driven risk mitigation in the post-pandemic world
• Mergers & Acquisitions: Lovell Minnick’s Bob Belke Eyes Niche Wealth Managers
• Philadelphia Business Journal: Lovell Minnick buys Majority Stake In Delaware County Mortgage Fintech
• BenefitsPRO: From evolution to revolution: investors focus on benefits and health care

2021 YTD

Portfolio Company Highlights

Read on for highlights from select portfolio companies:

2021

Virtual Annual Investor Meeting

We held our second virtual AGM in October for the health and safety of our team and guests. We look forward meeting in-person in the fall: our 2022 Annual Investor Meeting is scheduled for October 27th in Philadelphia.

THE LMP TEAM

Our Growth Continues

We were excited to add nine new team members to our firm this year, including (l. to r.): Christian Burmeister, Bohan Chen, Matt Giangiordano, Jason Klein, Alex Lovell, Kayla McGrail, David Solomon, Katie Woeger and Chelsea Yasgur, as well as the appointments of Steve Grenfell and Bill Neuman as Operating Partners and members of our Advisory Council*.

We were also proud to announce the promotions of Roumi Zlateva and Jason Klein to Principal - congrats, Roumi and Jason!

*Advisory Council Members are independent contractors that are advisors to Lovell Minnick Partners and portfolio companies of Lovell Minnick. They are not employees of Lovell Minnick entities.

HOW WE SUCCEED

Investment Focus

Lovell Minnick Partners is a private equity firm focused on investments in financial services, financial technology and related business services. We partner 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 our inception in 1999, we have become a leader in our chosen space, raising $3.5 billion of committed capital from leading institutional investors including public and private pensions, insurance companies, endowments and foundations. 

We seek 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 we specialize include:

• Financial and insurance technology;
• Payments;
• Insurance brokerage and services;
• Wealth and asset management; and
• Related business services.

If you’re interested in learning more about our firm, strategy or any of the insights included in this newsletter, you can contact us here. 

For more information on our firm and our strategy, please visit www.LMPartners.com.

Important Disclosures

⁽¹⁾ The pre-selection criteria for Private Equity Wire’s “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.

⁽²⁾ Inc.'s Founder-Friendly Investor list is comprised of firms identified by Inc’s editors or submitted to Inc. through an application process. Firms pay an application fee to be considered for this list.  Inc. then gathers data on how each firms’ portfolio companies have grown and extensively interviews entrepreneurs, including those who've exited, on their experiences with the firms. and produces a proprietary score that determines the private equity, growth equity, and venture capital firms whose missions most significantly support startups and the men and women who found them.

• Inclusions on lists, rankings or awards may not be representative of a particular investor’s experience or Lovell Minnick’s or its Funds’ future performance, and there is no guarantee that similar rankings or awards will be obtained by Lovell Minnick in the future.
• The information in this newsletter should be held in strict confidence and not copied, shared or distributed to any third party without the express prior written consent of Lovell Minnick.
• The content of this newsletter is for general, informational purposes. This newsletter is not an offer to sell nor a solicitation of an offer to purchase interests in any fund sponsored by Lovell Minnick or its affiliates. Offers and sales will be made only pursuant to confidential private placement memoranda, complete documentation of the relevant vehicle and in accordance with applicable securities laws.
• This newsletter includes information regarding Lovell Minnick Partners’ past and present portfolio companies, including the opinions of past and present Lovell Minnick and portfolio company personnel which are intended to be viewed by potential portfolio company executives. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Lovell Minnick Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the newsletter is not necessarily indicative, or a guarantee, of future results.
• The portfolio companies represented in this newsletter were chosen to illustrate Lovell Minnick’s investment experience and the processes and approaches used by Lovell Minnick in the past with respect to its portfolio companies and investment funds, and does not purport to be a full list of investments by Lovell Minnick funds. A complete list of portfolio companies is available on Lovell Minnick’s website (www.LMPartners.com).
• Investments in private equity funds such as the Lovell Minnick funds are speculative and involve substantial risk of loss. No assurance can be given that a fund will achieve its investment objectives or avoid substantial losses. Information about any Lovell Minnick fund and investments made by such fund, including past performance of such funds and investments, is provided solely to illustrate Lovell Minnick’s investment experience, and processes and strategies used by Lovell Minnick in the past with respect to such funds. The performance information relating to Lovell Minnick’s previous investments is not intended to be indicative of a fund’s future results. Past performance is not necessarily indicative, or a guarantee, of future results. There can be no assurance that a fund will achieve comparable results as those presented or that investors in a fund will not lose any of their invested capital. Under no circumstances should these videos be construed as an offer to sell, or a solicitation to buy, any security or as opinions regarding the provision of investment advisory services by Lovell Minnick.
• These disclosures apply only to this newsletter and not to other websites that may be accessible from the newsletter and Lovell Minnick shall not be responsible for the content of any third-party website accessible from this newsletter. If you access any third-party website through this newsletter, you do so at your own risk and we encourage you to review the privacy policies and user agreements of all other websites that you visit as such policies and agreements will govern your use of those websites.

Our Offices:
Philadelphia / 555 E. Lancaster Ave / Suite 510 / Radnor, PA 19087
Los Angeles / 215 Manhattan Beach Blvd / 2nd Floor / Manhattan Beach, CA 90266
New York / 1155 Ave of the Americas / Suite 2550 / New York, NY 10036

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