San Francisco, CA
, January 5, 2011
–Matthews International Capital Management, LLC (“Matthews”), the largest dedicated Asia investment specialist in the United States, announced the addition of Lovell Minnick Partners LLC (“Lovell Minnick”) as a minority equity holder. With the endorsement of Matthews, Lovell Minnick private equity partnerships acquired a minority ownership interest previously held by another investor.
“We are pleased to have Lovell Minnick as an equity holder and to add Jeffrey Lovell to the Matthews Board of Directors. Lovell Minnick has considerable knowledge and experience working with investment management firms so their addition as an equity holder is a welcome development,” stated Mark Headley, Chairman of Matthews. “Lovell Minnick’s history as a patient, value-added investor is consistent with our own philosophy as investors and operators.”
“The Matthews team has built an exceptional investment management firm with a focused approach, outstanding long-term track record, and differentiated market presence. We fully support the firm’s business approach and continuation of their strategy,” said Jeffrey Lovell, Chairman and Managing Director of Lovell Minnick.
About Matthews International Capital Management, LLC
Matthews is an independent, privately owned investment management firm and the largest dedicated Asia investment specialist in the United States. Founded in 1991, Matthews believes in the long-term growth of Asia and has focused its efforts and expertise within the region, investing through a variety of market environments. Its investment offerings provide a broad range of choices for building a global portfolio that includes exposure to one of the world’s fastest-growing regions. With $19 billion in assets under management as of December 31, 2010, Matthews employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance. For more information about Matthews, please visit matthewsasia.com
About Lovell Minnick Partners LLC
Lovell Minnick Partners LLC is a 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 $800 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 investment banking, financial consulting, and commercial and trust banks. For more information about Lovell Minnick, please visit www.lovellminnick.com
Matthews International Capital Management, LLC
Victoria Odinotska, Kanter & Company
Lovell Minnick Partners LLC