equity founded 2000 founder donald marron headquarters new york new york united states products leveraged buyout growth capital total assets 3 billion 1 number of employees 20 website www.lycap.com lightyear capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies . the firm which is based in new york city was founded in 2002 with the backing of ubs ag by donald marron . 2 marron is best known for building up painewebber over a 23 year career and completing its sale to ubs ag in late 2000 for 10.8 billion . 3 4 5 marron was also a founder of data resources inc. 6 the firm has raised approximately 3 billion since inception across its two funds . in may 2002 lightyear closed on its first fund the lightyear fund with 750 million of investor commitments approximately 500 million of which came from ubs ag . in 2006 the firm completed fundraising for its second private equity fund with 850 million of commitments from over 40 investors . 1 7 among the firm s most notable investments are collegiate funding services acquired by jpmorgan chase 8 argus software 9 higher one nau country insurance company the nation s third largest crop insurer antares holdings new flyer industries and goldleaf financial solutions nasdaq gfsi . in 2013 atlanta divested its ridgeworth investments to lightyear capital llc for up to 265 million . 10 references edit a b lightyear fund ii closes on 850m . altassets march 6 2007 tennille tracy march 5 2007 . marron q & a the buzz on lightyear capital . the wall street journal . joseph a. giannone november 12 2008 . lightyear s marron eyeing banks insurers . reuters . pranay gupte september 21 2005 . the ubiquitous and indefatigable donald marron . the new york sun . ubs to buy painewebber for 10.8 billion . abc news . july 12 2000 . donald marron . charlie rose interviews forty institutions back lightyear s new 850m fund . thomson buyouts march 19 2007 lightyear sells shares in collegiate funding services to jpmorgan chase bank . altassets december 20 2005 insight and lightyear merge circle software into realm business solutions . november 29 2006 james comtois january 6 2014 . international deals rise in 2013 ; activity in u.s. falls . pensions & investments . external links edit lightyear capital company website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies v t e merchant banking private equity groups current and prior abn amro aac capital partners bank of america ridgemont equity partners merrill lynch global private equity barclays capital barclays private equity barings bank baring vostok capital partners gp investments bear stearns irving place capital fka bsmb cibc world markets trimaran capital partners citigroup metalmark capital court square capital partners cvc capital partners credit suisse dlj merchant banking avista capital partners diamond castle holdings deutsche bank midocean partners first chicago bank defunct madison dearborn partners gtcr goldman sachs goldman sachs capital partners jpmorgan chase ccmp capital fka jpmorgan partners one equity partners lazard lazard alternative investments lehman brothers defunct trilantic capital partners morgan stanley metalmark capital morgan stanley capital partners nomura terra firma capital partners ubs ubs capital affinity equity partners capvis lightyear capital wells fargo norwest venture partners pamlico capital william blair & company chicago growth partners william blair capital partners list of investment banking private equity groups this article about a private equity or venture capital firm based in the united states is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title lightyear capital & oldid 694591136 categories private equity firms of the united statesinvestment banking private equity groupsubscompanies established in 2002companies based in new york city2002 establishments in new yorkunited states private equity firm stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 december 2015 at 06 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view