The Firm represented Lightyear Capital LLC (“Lightyear”) in connection with the establishment of its third private equity fund, Lightyear Fund III, L.P. (“Fund III”), with $950 million in capital commitments, surpassing its target of $800 million. Fund III will focus primarily on control investments in North America-based, middle-market companies across the financial services spectrum, including asset management, banking, brokerage, financial technology, insurance, and specialty finance.
The Simpson Thacher team representing Lightyear included Michael Wolitzer, Jason Herman, Michael Sabin, Matt Rogers, Matt Tappin and Preeta Paragash (Private Funds); Jeanne Annarumma (Executive Compensation and Employee Benefits); John Creed and Jonathan Goldstein (Tax); Mark Chorazak (Bank Regulatory), Andrew Pagliughi and Jennie Getsin (Blue Sky and FINRA).
