New York-based Lightyear Capital held the final closing of its Lightyear Fund V and Lightyear Fund V-A that together totaled $1.6 billion in capital commitments.
The latest fund ended up being 63% larger than the Lightyear Fund IV, which attracted $957 million in 2017. New investors accounted for roughly one-third of the overall amount of capital raised in Fund V.
Atlantic-Pacific Capital acted as a placement agent for the fund. Steve Auerbach, former CEO and executive chairman of portfolio company Alegeus, was recently appointed as a senior advisor to Lightyear . . .
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