– Lightyear Fund VI, L.P. reached its hard cap at approximately $2.5 billion in capital commitments.
– Significantly oversubscribed, exceeding the initial target of $1.75 billion; 60% larger than Fund V ($1.6 billion).
– Largest and most diversified in the firm’s history, with commitments from over 65 global institutions, including pension funds, insurance companies, sovereign wealth funds, endowments, foundations, and family offices.
– Continues Lightyear’s 25+ year strategy of partnering with growing companies at the intersection of financial services & technology, healthcare, and business services.
– Since 2000, Lightyear funds have completed 60 platform investments and 300+ add-on acquisitions, with significant activity in wealth management, embedded payments, healthcare financial services, and technology-enabled business services.
– Long-term thematic investing with high-volume opportunity review, creating repeatable deal flow and a compounding advantage in sourcing, diligence, value creation, and exits.
– Mark Vassallo, Managing Partner: “We are grateful for the overwhelming support from both existing and new limited partners. This successful fundraise reflects our history of delivering strong returns for investors across multiple market cycles.”
– Michal Petrzela, Partner: “We appreciate the strong support of our longstanding investors and welcome our new limited partner. Twenty-five years of sector focus has given us the pattern recognition to find strong companies and help them grow.”
