Lightyear Capital Raising $1.1B Fund

Buyout shop Lightyear Capital plans to raise $1.1 billion for its latest fund, Reuters reported, citing a regulatory filing. Lightyear Fund III LP raised $150 million so far through UBS Securities, according to a filing with the Securities and Exchange Commission last week. The minimum investment is $10 million, Reuters said. Lightyear is led by former PaineWebber chief executive Donald Marron.

2 March 2011•2 mins read
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