Private equity firm Lovell Minnick Partners has promoted Jason Barg and Trevor Rich to principals.
Barg, pictured, joined the firm’s Pennsylvania office in 2010 after serving as an investment banking associate at Goldman Sachs’ Financial Institutions Group.
Rich, who started working in Lovell Minnick’s California office in 2010, previous worked as an analyst in Morgan Stanley’s Strategic Acquisitions Group and in JP Morgan’s investment banking group.
The two are of the investment team that is completing the investment of Lovell Minnick Equity Partners III.
They have been involved with portfolio companies such as HD Vest Financial Services, Kanaly Trust, Keane, Matthews International Capital Management, Mercer Advisors, and TriState Capital.
Chairman Jeffrey Lovell said, “Jason and Trevor have made significant contributions to our firm over the past several years and successfully led our due diligence efforts on several new investments. Each has proven himself to be a highly skilled private equity professional and will be an important part of our future.”
The firm is currently raising its fourth fund, which has a target of $550m.
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