Lightyear Capital LLC (New York)


Lightyear Capital LLC is a large advisory firm based in New York. It manages $2.2 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012.

Lightyear Capital provides portfolio management for pooled investment vehicles and investment management for private equity and other funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lightyear Capital: assets under management

The assets under management (AUM) of Lightyear Capital LLC is $2.2 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and $58.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $314.03 million each.
Lightyear Capital has custody of $1.48 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lightyear Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lightyear Capital serves?

The only and largest group of clients of Lightyear Capital is pooled investment vehicles with 7 clients and $2.2 billion of assets under management. Among the 5 most similar advisory firms, Lightyear Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.2 billion for 7 clients. 14% of the firm’s clients are foreign persons or businesses.

Lightyear Capital also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons ranges from $2,000 to $75,000,000.

Careers at Lightyear Capital LLC

The company employs 38 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Donald Baird Marron Member/chairman and founder - lightyear capital llc 1 Oct 2000 50% - 75% 320532
Timothy James Kacani Chief compliance officer/chief financial officer - lightyear capital llc 1 Apr 2001 Other 5928208
Mark Francis Vassallo Managing member/managing partner - lightyear capital llc 1 Oct 2003 50% - 75% 1311427
Lori Jo Forlano Managing director - lightyear capital llc 1 Sep 2005 Other 4320323
Laura Beth Mothersele Chief compliance officer/vice president - legal - lightyear capital llc 1 Jun 2014 Other 6364392
Hayon Ellan Ben Chief financial officer/managing director - lightyear capital llc 1 Sep 2014 Other 2435886
Ellan Ben Hayon Chief financial officer/chief compliance officer/managing director - lightyear capital llc 1 Sep 2014 Other 2435886

Based in New York

The principal office where Lightyear Capital LLC performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-328-0555 or by fax 212-328-0516. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at lycap.com.