Lovell Minnick Partners Promotes Robert Belke to Managing Director
ROLLING HILLS ESTATES, California, January 10, 2007 – Lovell Minnick Partners LLC, an independent, management-controlled private equity firm providing buyout and growth capital to companies in the financial services industry, is pleased to announce the promotion of Robert M. Belke, CFA, to Managing Director from Principal, effective Jan. 1, 2007.
As Managing Director, Mr. Belke, 36, serves on the Investment Committee of Lovell Minnick Partners, which has offices in the Los Angeles and Philadelphia areas and is responsible for managing the firm’s private equity partnerships totaling over $350 million on behalf of qualified private and institutional investors. The Lovell Minnick Partners Investment Committee consists of Jeffrey D. Lovell, Chairman and Managing Director; James E. Minnick, President and Managing Director; Jennings (Jay) Newcom, General Counsel and Managing Director; and Bob Belke.
Mr. Belke has led the due diligence and analysis for investments in several Lovell Minnick portfolio companies, including Duff & Phelps, PlanMember Financial Corp., UNX Holdings, and Westcap Investors. Prior to joining the company in 2000, Mr. Belke was an Associate in the Direct Private Equity Group at TIAA-CREF and before that he served as a Senior Analyst at Wilshire Associates.
"Bob is a highly valued member of our team and his promotion to Managing Director is well-deserved," said Jeff Lovell. “Bob has been involved with and led the analysis on several of our most successful investments."
Mr. Belke is a member of the Board of Directors of Lovell Minnick portfolio companies Denali Advisors, Duff & Phelps, PlanMember Financial and UNX. He is a Chartered Financial Analyst, received his MBA with honors in Finance and Accounting from the University of Chicago, and has a Bachelor of Business Administration degree in Finance and Accounting from the University of Wisconsin.
Lovell Minnick Partners recently closed Lovell Minnick Equity Partners II LP with $220 million in commitments. This Fund has now completed four investments totaling over $70 million. This Partnership is focused on investments in the North American market in various financial segments, including asset management, financial planning, financial product distribution, outsourcing providers, specialty finance, and related companies specializing in administration and business services. Limited partners investing in Lovell Minnick Equity Partners II LP include Aegon USA, Eaton Vance, Goldman Sachs, Invesco, National Bank of Canada, and PPM America.
Organized in 2004, Lovell Minnick Partners is the successor to, and continuation of, the private equity business of Putnam Lovell Capital Partners and Putnam Lovell NBF Securities, affiliates of National Bank of Canada. Putnam Lovell Capital Partners was organized in 1999 by Jeff Lovell and Jim Minnick. Lovell Minnick Partners currently employs 10 investment professionals and its funds are currently invested in 13 financial services companies.
About Lovell Minnick Partners
Lovell Minnick Partners LLC is an independent management-controlled 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 $350 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, securities brokerage, and financial consulting. For more information regarding Lovell Minnick Partners visit www.LovellMinnick.com.