NEW YORK--(BUSINESS WIRE)--Lightyear Capital LLC ("Lightyear"), a New York-based private equity firm focused on financial services investing, today announced that it has appointed Allison Cole as Head of Fundraising and Investor Relations.
“I am delighted to be joining Lightyear, a firm recognized across our industry for its extensive domain knowledge, operating expertise and far-reaching network, as well as for the quality of returns it has generated for investors,” said Ms. Cole. “I look forward to deepening the partnership we have established with our limited partners and engaging additional investors to join in our mission to create sustainable value and drive profitable growth for our portfolio companies.”
“We are pleased to welcome Allison to the Lightyear team. She brings over 15 years of experience cultivating lasting relationships with investors and a proven track record of success in raising capital,” said Mark Vassallo, Managing Partner of Lightyear Capital. “We look forward to working together as Lightyear continues to build upon its long history of investing in financial services.”
Ms. Cole most recently served as Head of Fundraising and Investor Relations at middle market buyout firm CCMP Capital Advisors (“CCMP”), where she led fundraising for a $3.6 billion flagship fund and the syndication of numerous co-investments. Ms. Cole’s responsibilities also included the execution of public relations strategies for the firm and its portfolio companies. She began her career in private equity at Morgan Stanley Capital Partners.
Lightyear’s fourth and largest fund to date, Lightyear Fund IV, L.P., closed in November 2017 with more than $950 million in capital commitments, with an additional $75 million raised in a related co-investment vehicle, bringing total capital raised since Lightyear’s inception to approximately $3.6 billion.
About Lightyear Capital LLC
Founded in 2000, Lightyear Capital is a financial services-focused private equity firm based in New York. Through its affiliated private equity funds, Lightyear makes primarily control investments in North America-based, middle-market companies across the financial services spectrum, including asset and wealth management, banking, brokerage, healthcare financial services, insurance, payments and processing and specialty finance. The firm brings focus and discipline to its investment process, as well as operating, transaction and strategic management experience, along with significant contacts and resources beyond capital. For more information, please visit www.lycap.com.