September 27, 2016 8:42 PM ET

Capital Markets

Company Overview of Lightyear Capital LLC

Company Overview

Lightyear Capital LLC is a private equity firm specializing in middle market, growth capital, recapitalizations, and leveraged buyout investments. The firm focuses on companies in the financial services including asset management, banking, brokerage, financial technology, insurance, specialty finance, leasing, and related business services. The firm typically invests in North America. It invests between $25 million and $100 million in companies with enterprise values under $500 million, but can invest larger amounts. It seeks to make controlling investments. Lightyear Capital LLC was founded in 2000 and is based in New York, New York.

9 West 57th Street

31st Floor

New York, NY 10019

United States

Founded in 2000

Phone:

212-328-0555

Fax:

212-328-0516

Key Executives for Lightyear Capital LLC

Founder, Chief Executive Officer, Chairman, and Member of Investment Committee
Age: 79
Managing Partner and Member of Investment Committee
Chief Financial Officer and Managing Director
Managing Director, General Counsel, and Chief Administrative Officer
Managing Director and Member of the Investment Committee
Age: 58
Compensation as of Fiscal Year 2016.

Lightyear Capital LLC Key Developments

Lightyear Capital Promotes Daniel Freyman to Managing Director

Lightyear Capital LLC announced the promotion of Daniel Freyman to Managing Director. Mr. Freyman will draw upon his nearly two decades of experience in financial services as he joins Lightyear's Investment Committee. Mr. Freymanjoined Lightyear in 2007, prior to which he worked at Credit Suisse for nine years advising financial institution clients on mergers and acquisitions and capital raises. He began his career at Alex. Brown.

Legg Mason Said to Be in Exclusive Talks to Buy Clarion Partners

Legg Mason Inc. (NYSE:LM) is in exclusive talks to buy a majority stake in Clarion Partners, LLC from Lightyear Capital LLC in a deal that would value Clarion Partners at about $850 million, people with knowledge of the matter said. Under the terms being discussed, Legg Mason would buy 80% from Lightyear Capital, said the people, who asked not to be identified because the information is private. Clarion’s management, headed by Chairman and Chief Executive Officer Stephen Furnary, would retain 20%, the people said. A deal could be announced as early as this month, they said. Spokesmen for Legg Mason and Lightyear declined to comment, while a representative of Clarion didn’t immediately respond to a request for comment.

Lightyear Looking To Sell Its Stake In Clarion Partners

Lightyear Capital LLC is looking to sell its majority stake in real estate investment manager Clarion Partners LLC for around $800 million, people familiar with the sales said this week. Clarion's current management plans to retain its minority interest in the company after a sale, according to the people, who spoke on condition of anonymity because they were not authorized to speak about the sale. Lightyear’s stake in Clarion has attracted interest from Legg Mason Inc. (NYSE:LM). Representatives for Clarion, Lightyear and Legg Mason declined to comment.

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