STP Investment Services (STP), an end-to-end, technology-enabled investment operations service provider that supports more than USD340 billion in total assets, has received a significant growth investment from Lovell Minnick Partners (LMP), a private equity firm focused on investments in financial services, financial technology and related business services.
This investment will enable STP to accelerate ongoing investments in innovation, technology, workflow, and talent. STP plans to advance its organic growth initiatives while also accelerating its strategy of pursuing impactful M&A opportunities in the future.
Terms of the deal have not been disclosed.
As a result of LMP’s investment in STP, members of the Philadelphia-based firm will join STP’s board, with Patrick Murray, Chief Executive Officer, and the leadership team remaining in place.
