Report: Lovell Minnick Considers Investment in Dynasty-backed Americana

Philadelphia-based private equity investor Lovell Minnick is reportedly looking to make a potential investment in Dynasty Financial Partners-backed RIA Americana Partners, according to an October 16 report by CityWire, citing an unnamed source.

The Houston-based Americana firm is said to be seeking new investors, CityWire separately reported in September, with investment bank Piper Sandler assisting in that search. Details on the possible size of Lovell’s investment and whether Americana will sell a majority or minority stake remain to be seen in a deal that is yet to be confirmed by either firm.

Americana was formed from a breakaway Morgan Stanley team with $6B in AUM that launched an independent practice with Dynasty in April 2019. Dynasty holds a minority interest in the company, while its current CEO Jason Fertitta holds the largest share.

Source: https://citywire.com/ria/news/lovell-minnick-in-talks-to-invest-in-7-5bn-americana-partners-sources/a2452267