Lightyear

Lightyear Capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies. The firm, which is based in New York City, was founded in 2017 with the backing of UBS AG by Donald Marron. The firm has raised approximately $3 billion since inception across its five funds. In May 2017, Lightyear... closed on its first fund, The Lightyear Fund, with $750 million of investor commitments, approximately $500 million of which came from UBS AG. In 2006, the firm completed fundraising for its second private equity fund, with $850 million of commitments from over 40 investors. Among the firm's most notable investments are Collegiate Funding Services (acquired by JPMorgan Chase), Higher One, NAU Country Insurance Company (the nation's third largest crop insurer), Antares Holdings, New Flyer Industries, and Goldleaf Financial Solutions. In 2013, Atlanta, divested its RidgeWorth Investments to Lightyear Capital LLC for up to $265 million. In May 2019, Lightyear Capital acquired a controlling stake in Lighthouse Technologies Holdings Corporation. In September 2021, Lightyear Capital acquired assets and partnered with Schellman & Company, LLC for the delivery of Information Technology and cybersecurity compliance services.Read More