Lovell Minnick Partners Invests in STP Investment Services
Posted on 03/09/2022
Lovell Minnick Partners made an investment in STP Investment Services, LLC (STP), an end-to-end, technology-enabled investment operations service provider. STP provides technology-enabled outsourcing services to a broad array of firms, including investment managers, funds, family offices, wealth managers, and plan sponsors. As a true partner to its clients, STP acts as an extension of their middle- and back-office teams to expand their resources and alleviate operational burdens. Through BluePrint, the firm’s technology platform, serving institutional and wealth management clients, STP provides clients with scalability and a customized experience best-suited to their individual business needs.
Founded in 2008, STP has steadily grown and expanded globally. In addition to its headquarters in Philadelphia, the firm opened offices in Bengaluru, India in 2014 to provide continuous client service. More recently, STP completed the acquisition of AlphaOne Capital in 2019 to increase its trading, compliance and emerging manager services.
In addition, in 2020, STP completed the acquisition of Accusource to expand its services to registered investment advisors (RIAs), family offices and asset managers. At the end of 2021, the STP acquired third-party fund administrator Tower Fund Services, providing STP clients with a turnkey fund administration platform.
Advisors
Raymond James served as financial advisor, and Fox Rothschild served as legal advisor, to STP. Schulte, Roth & Zabel and Nishith Desai Associates served as legal advisors to LMP.
NOTE: STP stands for Service. Transparency. Partnership.
