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Lovell Minnick hires ex-Commerzbank exec Heinz Hockmann as buyout advisor

12 Apr 2012

Financial services-focused buyout house Lovell Minnick Partners has hired former Commerzbank executive Heinz Hockmann as a senior advisor.

Early in his 20-year career with the bank Hockmann founded its global asset management business for international institutional clients, overseeing €140bn of assets across 20 countries.

Lovell Minnick said their new employee would help source deals for its $455m third fund, which closed in January 2010.

The fund, which targets financial segments including asset management, securities brokerage and banking, has made four investments to date.

Last August it picked up US brokerage company First Allied, and exited Denver-based asset servicer ALPS to DST Systems for $250m a month earlier.

Hockmann left Commerzbank in 2005 to lead the restructuring of Westfalenbank, a mid-market focused asset management and private equity business.

He went on to develop Fortis Investments’ asset management business in Germany, Austria and Eastern Europe before co-founding Silk Invest in 2008.

The London-based investment management company specialised in frontier markets in Africa and the Middle East.

Lovell Minnick chairman and managing director Jeffrey Lovell said, “Dr. Hockmann’s extensive banking and asset management background along with his expertise in the international markets will provide Lovell Minnick with valuable industry insights as we seek new investments.”

Hockmann said, “I have previously worked with several Lovell Minnick partners for many years and have observed the firm’s superb investment performance and their strong team development.

“I look forward to working alongside them in the global asset management market.”

The US firm currently manages private equity partnerships totalling more than $800m, providing buyout and growth capital.

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