DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Manager
Lightbay Capital
Public LPs on the tape
2
distinct allocators disclosing a fund
Commitment rows
3
1 dated closings
Disclosed commitments
$50.0M
sum of the LPs' own amounts; repeats across reports
Re-ups / new
0 / 1
the plans' own words
Corporate plans
0
Schedule C investment manager rows
Who backs this manager
2 allocators
| Allocator | Rows | Re-ups | Disclosed $ | Buckets | First | Latest |
|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement Systemnew relationship | 2 | 0 | $25.0M | Private equity | Jan 31, 2022 | Dec 31, 2025 |
| New York State Common Retirement Fund | 1 | 0 | $25.0M | Private equity | Mar 31, 2025 | Mar 31, 2025 |
Funds on the tape
2 vehicles
Commitment rows
3 rows
| Date | Allocator | Fund | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | Los Angeles City Employees' Retirement System | LightBay Investment Partners II | Private equity | n/a | 2021 | Disclosed holding | lacers.org |
| as of Mar 31, 2025 | New York State Common Retirement Fund | Lightbay Investment Partners, LP | Private equity | $25.0M | 2017 | Disclosed holding | osc.ny.gov |
| Jan 31, 2022 | Los Angeles City Employees' Retirement System | LightBay Investment Partners II LP | Private equity | $25.0M | 2022 | Committed (dated)new manager | lacers.org |
What changed
- New York State Common Retirement Fund reports Lightbay Investment Partners, LP: $25M committed (Lightbay Capital) (as of 2025-03-31)with Lightbay Capitalosc.ny.gov
- Los Angeles City Employees' Retirement System commits $25M to LightBay Investment Partners II LP (Lightbay Capital), closed 2022-01-31with Lightbay Capitallacers.org
- Los Angeles City Employees' Retirement System backs Lightbay Capital for the first time: $25M to LightBay Investment Partners II LP (the plan's own column: New)with Los Angeles City Employees' Retirement Systemlacers.org