Lovell Minnick Partners raises USD1.28bn for fifth fund

Private equity firm Lovell Minnick Partner has completed fundraising for Lovell Minnick Equity Partners V LP (Fund V) at USD1.28 billion. Fund V, which was oversubscribed, exceeded its USD1 billion target and achieved its hard cap. Lovell Minnick secured commitments to Fund V from a diverse group of investors including US and international public and private pension funds, insurance companies, endowments and foundations, asset managers and family offices. “We are grateful for the strong support we received from existing investors, as well as confidence in our strategy from many new investors in the US and abroad,” says Steve Pierson, Managing Partner at Lovell Minnick Partners. “Fund V will enable us to continue pursuing our proven thematic approach to investing and partnering with outstanding management teams to support them in growing their companies.”