Breaking News
Lightyear Capital Completes $1.6 Billion Fund V Fundraise
Lightyear Capital LLC, a New York-based private equity firm focused on financial services, announced today that it recently completed the final closing of its fifth flagship private equity fund, Lightyear Fund V, L.P. and Lightyear Fund V-A, L.P. (together, “Fund V”), with approximately $1.6 billion in capital commitments, including the sponsor commitment. This amount is 25% larger than the $1.25 billion target and 63% larger than the $957 million raised in Lightyear Fund IV, L.P.
Fund V, Lightyear’s first fund in excess of $1 billion, includes commitments from U.S. 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.
Mark F. Vassallo, Lightyear’s Managing Partner, said, “We are very pleased with this outcome and want to thank not only our existing investors for their continued strong support but also all our new investors who are entrusting Lightyear with their assets. Our talented team, investment culture and process, and successful track record made this achievement possible. Thank you as well to our management teams for their leadership and partnership in building strong companies.”
Lightyear takes a long-term thematic approach to investing and reviews hundreds of investment opportunities annually. Since inception in 2000, Lightyear’s investment funds have made 53 investments with significant investments in the categories of wealth management, payment systems, healthcare financial services and technology-enabled business services.
Atlantic-Pacific Capital Inc. acted as placement agent and Davis Polk & Wardwell LLP acted as legal counsel to Fund V.
People In This Post
Companies In This Post
- Instant Payments and the Proliferation of QR-Driven Transactions Read more
- Sustainable Growth and Building Strategic Capability in Digital Transformation Read more
- Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank Read more
- CMC Markets Launches Spectre Trading Account for Retail Clients Read more
- Ingenico and Arrive Partner to Power Seamless Payments for On‑Street Parking and Urban Transport Worldwide Read more
NatWest Group Commits £20 Billion to Drive Growth Across the North of England Over Next Decade
NatWest Group has today announced a £20 billion funding commitment over the next ten years to drive economic growth across the North of England, supporting the UK’s ambitions to build stronger, more productive regional economies.
Stitch Raises $25M Series A Led by Andreessen Horowitz
Stitch announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z)
Pembroke Leads Funding Round Into Kaizan of up to £2.5m to Help Services Firms Grow Every Client with AI
Pembroke VCT has led a funding round of up to £2.5 million in Kaizan, investing £1.5 million alongside Velocity Capital and leading industry angels.
Elliptic Secures $120 Million Investment From Nasdaq Ventures, Deutsche Bank, One Peak and the British Business Bank
Elliptic announced the closing of a $120 million Series D fundraise led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank
Adfin Raises $18M Series A from Index Ventures for Automated Business Finance
Adfin, the London-based fintech, has raised $18 million in Series A funding to build the agentic money movement platform: starting by helping businesses getting paid on time, and ending with money that moves itself.
Cedar Health Accelerates Growth With Further ThinCats Funding
ThinCats, the leading alternative finance provider to UK mid-sized SMEs, has provided a significant growth funding package to specialist autism and learning disability care provider, Cedar Health and Wellbeing.
Embat Accelerates International Expansion with EUR30 Million Series B to Expand Its AI-powered Treasury Management System
Embat, the AI-powered fintech specialising in treasury management, has successfully completed a €30 million financing round. The Series B was led by Cathay Innovation, a global venture capital firm based in Paris with over €2.5 billion under management. Existing investors such as Creandum, Samaipata, 4Founders, and Venture Friends also participated prominently in the funding round.
Instant Payments and the Proliferation of QR-Driven Transactions
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Sustainable Growth and Building Strategic Capability in Digital Transformation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank
Sygnum, a global digital asset banking group, today announced it has become the first Swiss regulated bank to use an AI agent to test live digital asset market transactions, with the client retaining custody, consent and control at every step. This is the latest initiative from AI@Sygnum which leads the development, integration and governance of agent-driven workflows across the group globally.
CMC Markets Launches Spectre Trading Account for Retail Clients
CMC Markets (“CMC”), a FTSE 250 company and global leader in multi-asset online trading and investing, has launched Spectre for retail clients, following strong demand after the product was initially introduced for professional traders.
Ingenico and Arrive Partner to Power Seamless Payments for On‑Street Parking and Urban Transport Worldwide
Ingenico, a global leader in payment acceptance solutions, and Arrive, a leading global mobility platform, today announced a strategic partnership to deliver reliable, seamless payment experiences for on-street parking and transport ticket vending machines across more than 30 countries worldwide.
Zurich Scales Agentic AI to Five Countries in 90 Days Cutting Manual Risk Processing Time by 80%
Zurich Insurance has completed a breakthrough 90‑day deployment of Cytora’s agentic AI‑powered risk digitization platform across five countries. The programme will now scale to more than 20 markets over 16 months.
JCB and Wonder Advance Cashless Taxi Payments in Hong Kong
JCB International Co., Ltd, the international operations subsidiary of JCB Co., Ltd, Japan’s only international payment brand, and Wonder Ventures Limited, a leading payments and fintech platform in the Asia Pacific, announced that JCB Cards are now accepted on Wonder Taxi in Hong Kong.