Fund: Lightyear Fund V
Amount raised: $1.6 billion
Target size: $1.25 billion
Stage of fundraising: Final close
Final close: November 2021
Time on the road: 20 months
Predecessor fund: Lightyear Fund IV ($1.03 billion)
Fund V has closed with approximately $1.6 billion in capital commitments, exceeding the $1.25 billion target and the $1.03 billion raised by its predecessor, Lightyear Fund IV.
Lightyear Capital and its affiliated investment funds specialize in providing buyout and growth capital to companies across the financial services industry.
Fund V includes commitments from US and foreign institutional investors, with important new relationships in Asia, Europe and the Middle East. New investors account for approximately one-third of the overall amount raised. Past commitments to the fund include $100 million from Los Angeles County Employees’ Retirement Association, as well as $60 million from New Mexico Educational Retirement Board.