Lovell Minnick Partners is a registered investment advisor that manages private equity funds. They identify and evaluate investment opportunities, negotiate terms, monitor investments, and manage dispositions. Investments are primarily in privately held companies within the financial services, financial technology, and business services sectors. Lovell Minnick does not directly participate in the provision of products or services by its portfolio companies.
Fee Structure
Lovell Minnick Partners manages private equity funds and receives an annual management fee and a carried interest. The management fee is a percentage of investor capital commitments, which may be reduced after a certain date to a percentage of investment contributions that have not been disposed of or written off. Co-Investment Aggregators do not pay a separate management fee, carried interest or transaction fees, but Parallel Co-Investment Entities do, in specific cases, pay fees for the advisory services provided by the applicable General Partner, which may include an advisory fee payable upon the consummation of the investment in, and/or the disposition of, the underlying portfolio company, or at such other times as agreed by the investors in the Parallel Co-Investment Entity, management fees and/or carried interest, in each case in accordance with such Parallel Co-Investment Entity’s Partnership Agreement. Any such compensation received from Parallel Co-Investment Entities does not offset or reduce any Management Fees.