LOS ANGELES--(BUSINESS WIRE)--LightBay Capital (“LightBay”), a Los Angeles-based private equity firm focused on middle-market opportunities, today announced that Ben Herman has joined the firm as a Principal. Mr. Herman will be responsible for all aspects of the investment process, including sourcing opportunities, executing new investments, and monitoring portfolio companies.
Mr. Herman brings significant direct investing, transaction, and operating experience to LightBay. Prior to joining the firm, Mr. Herman spent more than six years at Cressey & Company LP (“Cressey”), a healthcare-focused private equity firm, where he most recently served as a Principal. He served on the boards of VetCor Professional Practices, Restorix Heath, PurFoods, StatLab Medical Products, and People, Pets and Vets. Mr. Herman also supported investments in Midwest Dental, Encompass Home Health, and Hospice Compassus. Prior to Cressey, he worked as an investment banker in the Global Healthcare group at UBS Investment Bank. Mr. Herman holds a B.A. in Economics from Yale University and an M.B.A. from the Wharton School at the University of Pennsylvania, where he graduated with honors.
“We are delighted to have Ben on our team,” said Nav Rahemtulla and Adam Stein, Founding Partners of LightBay Capital. “Ben brings strong industry experience across our core sectors, as well as a proven track record of leading investments and supporting portfolio companies through various stages of growth and business cycles.”
Mr. Herman said, “I am impressed with the talented individuals at LightBay and look forward to working with the team to identify opportunities, deploy capital, and create value for our investors.”
About LightBay Capital
LightBay Capital is a Los Angeles-based private equity firm that applies a flexible capital approach to middle-market investing. Primarily focused on the consumer, healthcare, and business services industries, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality companies. For more information, please visit www.lightbaycapital.com.