Lightyear Capital related stories
All articles and analysis
Lightyear Fund IV inches closer to targetThe mid-market financial services specialist has raised nearly $900m.
- Napier Park appoints PE director
Napier Park Financial Partners has hired former Morgan Stanley Private Equity vice president Ned May as a director.
- Lightyear completes RidgeWorth Investments buyout at $265m
Atlanta-based RidgeWorth Investments will close and become an independent, employee owned investment firm with backing from Lightyear Capital.
- Lightyear promotes Petrzela to managing director
Michal Petrzela joined the financial services-focused firm in 2005 and will become a member of Lightyear's investment committee.
- Lightyear in $1.15bn financial services exit
The firm will sell Cetera Financial Group, a 2010 investment from its $850m Fund II.
- Friday Letter Flat earth theory
Private equity's embrace of Thomas Friedman's popular theory means even mid-market firms are going global from day one.
- Lightyear Capital raises $613.5m for third fund
The New York-based firm apparently raised its target for the fund in February, shortly after receiving a $40m commitment from the New Mexico State Investment Council.
- FDIC establishes rules for private equity bank buyouts
The US banking regulator scaled back its proposed rules, easing certain requirements that had attracted industry criticism including Tier 1 leverage ratios.
- Blackstone, Centerbridge offer alternatives to FDIC rules
Lower capitalisation levels and shorter hold periods are among the changes to proposed FDIC bank ownership rules offered by a group of private equity firms.
- Odyssey deal brings insider-trading charges
The acquisition of Neff in 2005 by the New York buyout firm was preceded by insider trading by people connected to Neff, the SEC is charging. No Odyssey employees have been accused of wrongdoing.