Lightyear Capital
Lightyear Capital, founded over 20 years ago and based in New York, NY, is a private equity firm specializing in investments across financial services, technology, healthcare, and business services, managing $4.5 billion across five funds.
Company Overview
Lightyear Capital was founded over 20 years ago and is headquartered in New York, NY. The firm specializes in partnering with companies at the nexus of financial services, technology, healthcare, and business services. With a team of over 50 professionals, Lightyear Capital operates with a one-team culture that emphasizes integrity, excellence, communication, collaboration, and respect.
Investment Portfolio
Since its inception, Lightyear Capital has made 57 platform investments and over 200 add-on acquisitions. The firm has invested $4.5 billion across 5 funds and deployed an additional $3.0 billion in co-investments. Some notable transactions include the recent sale of ampliFI Loyalty Solutions from Lightyear Fund IV to a newly formed continuation vehicle managed by an affiliate of Lightyear Capital.
Investment Strategy
Lightyear Capital targets companies with EBITDA greater than $10 million and enterprise values ranging from $200 million to $2 billion. The firm focuses on companies demonstrating strong, profitable growth, a technology-driven competitive edge, and multiple levers for value creation. It employs a one-team approach to value creation by leveraging deep domain expertise and a robust network of operating resources.
Sector Focus
Lightyear Capital invests in several key sectors including financial services, financial technology, healthcare, and tech-enabled business services. The firm seeks to partner with companies that are well-positioned for growth within these industries, leveraging technology and innovation to maintain a competitive edge.
Core Values and Approach
Lightyear Capital operates under a one-team culture that puts a high value on integrity, excellence, communication, collaboration, and respect. This cultural framework underscores their approach to business, aiming to create long-term value for their portfolio companies through strategic partnerships and a collaborative work environment.