Lightyear Capital Back to Fundraising After $1.6B Haul for Fund V 

Lightyear Capital, a New York-based private equity firm, is seeking funds for the follow-up to its $1.6 billion fifth flagship fund, which launched in 2021. Fund V, the first of Lightyear’s investment vehicles to surpass $1 billion, was 25% larger than the previous fund. 

In a filing with the US Securities and Exchange Commission, the firm did not specify an objective for Fund VI. According to the document, Atlantic-Pacific Capital has been hired as the placement agent for the raise. 

In 2017, Lightyear raised $957 million for Lightyear Fund IV, with an additional $28.5 million coming from general partners and a related co-investment vehicle. The firm raised $954 million for Fund III in 2012.   

Courtney Sullivan, managing director and head of fundraising and investor relations at private investment firm Graham Investments, joined the firm two years ago. Graham specializes in high-growth, innovative manufacturing, technology and service companies. Lightyear focuses on companies within the financial services and technology, healthcare, and business services sectors.