Lovell Minnick Partners (LMP), a Radnor, Pennsylvania-based private equity firm focused on investments in the global financial services industry, including related technology and business services companies, has selected DealCloud for relationship management and deal workflow management.
DealCloud will serve as a CRM and pipeline management tool for LMP’s investment team, investor relations team, and support staff. Specifically, LMP will leverage DealCloud for contact management and intelligence, investment pipeline management, intermediary tracking, business development, fundraising efforts, and vendor management.
“We selected DealCloud after a lengthy search for the right platform that would help us continue to move our business forward,” said Brad Armstrong, a Partner at LMP. “We’re big believers in leveraging data and technology, not just in our investment activity, but also in the way in which we approach our own company. We had a clearly defined vision for what we wanted, and DealCloud was purpose-built by experienced industry professionals who understood what we were trying to achieve. Implementing DealCloud was part of a multi-year, multi-pronged effort to assemble next generation infrastructure to support our growing firm and its evolving needs.”
“For investor relations, DealCloud has improved our tracking of limited partner and prospective limited partner interactions, allowing us to engage in more targeted business development activities and improve visibility into our fundraising pipeline” said Irene Hong Edwards, a Principal and Head of Investor Relations at LMP.
Since its inception in 1999, LMP 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, it has completed more than 50 portfolio company investments and more than 100 add-on acquisitions.
“We are thrilled to have LMP as a DealCloud client, and we look forward to helping the team leverage our platform,” said Ben Harrison, President of Financial Services at DealCloud. “With LMP’s successful 20-year track record, we look forward to supporting the firm’s continued success.”
DealCloud, an Intapp company, provides a single-source deal, relationship, and firm management platform to enable over 900 clients to power their deal-making process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, please visit www.dealcloud.com.
About Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investments in the global financial services industry, including related technology and business services companies. 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 its inception in 1999, LMP 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, the firm has completed more than 50 portfolio company investments.
LMP 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.
For more information, please visit www.lmpartners.com.