DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Lightyear Capital LLC
Latest filing Apr 27, 2026
First filing on the tape Feb 14, 2012 · 32 filings
SEC status approved since Mar 30, 2012
RAUM
$8.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
50
26 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
28
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$8.1B as of Apr 27, 2026
Mar 26, 2013$2.1B then
HNW client RAUM$0 as of Apr 27, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Apr 27, 2026
Mar 26, 20130 then
Employees (5.A)50 as of Apr 27, 2026
Mar 26, 201325 then
Private funds28 as of Apr 27, 2026
Mar 26, 20137 then
RAUM +12% over the last fiscal year+25% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 27, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $261MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, otherreportedItem 5.G
- Custody
- $5.2B, 31 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$8.1B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 31reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.2B for 31 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
26 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Lightyear Fund IV, L.P. | Private Equity Fund | $1.2B | 42 | Mar 31, 2017 |
| Lightyear Fund V, L.P. | Private Equity Fund | $754M | 24 | Mar 16, 2020 |
| Lightyear Fund V-A, L.P. | Private Equity Fund | $711M | 20 | Mar 16, 2020 |
| Lighthouse Co-Invest, L.P. | Private Equity Fund | $292M | 10 | Mar 16, 2020 |
| Ly V Co-Invest, L.P. | Private Equity Fund | $233M | 2 | Mar 16, 2020 |
| Hp One Co-Invest, L.P. | Private Equity Fund | $227M | 12 | Mar 31, 2021 |
| Ly IV Co-Invest, L.P. | Private Equity Fund | $214M | 2 | Mar 31, 2017 |
| Pt Co-Invest II, L.P. | Private Equity Fund | $144M | 13 | Mar 28, 2024 |
| Ps Co-Invest, L.P. | Private Equity Fund | $135M | 22 | Mar 30, 2022 |
| Allworth Co-Invest I, L.P. | Private Equity Fund | $101M | 6 | Mar 31, 2021 |
| Ly V-A Co-Invest, L.P. | Private Equity Fund | $90.5M | 2 | Mar 30, 2022 |
| Lightyear Fund III, L.P. | Private Equity Fund | $84.3M | 39 | Feb 14, 2012 |
| Schm Co-Invest II, L.P. | Private Equity Fund | $58.1M | 8 | Mar 30, 2022 |
| Pt Co-Invest, L.P, | Private Equity Fund | $53.6M | 4 | Mar 30, 2023 |
| Schm Co-Invest, L.P. | Private Equity Fund | $46.9M | 5 | Mar 30, 2022 |
| Ins Co-Invest, L.P. | Private Equity Fund | $45.0M | 6 | Mar 28, 2024 |
| Lightyear Fund II, L.P.no longer reported | Private Equity Fund | $41.4M | 84 | Feb 14, 2012 |
| Lightyear Associates V, LLC | Private Equity Fund | $38.1M | 22 | Mar 16, 2020 |
| Ins Co-Invest II, L.P. | Private Equity Fund | $17.5M | 4 | Mar 28, 2024 |
| Allworth Co-Invest II, L.P. | Private Equity Fund | $7.5M | 2 | Mar 31, 2021 |
| The Lightyear Fund, L.P.no longer reported | Private Equity Fund | $3.3M | 53 | Feb 14, 2012 |
| Lightyear Co-Invest Partnership III, L.P. | Private Equity Fund | $374,210 | 34 | Feb 14, 2012 |
| Ec3 Union Holdings Ltd.no longer reported | Private Equity Fund | $216,642 | 7 | Mar 27, 2014 |
| Paradigm Co-Invest, LLCno longer reported | Private Equity Fund | $49,312 | 4 | Mar 26, 2013 |
| Lightyear Co-Invest Partnership, L.P.no longer reported | Private Equity Fund | $44 | 14 | Feb 14, 2012 |
| Lightyear Co-Invest Partnership II, L.P.no longer reported | Private Equity Fund | $0 | 27 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Francis Mark Vassallo · Managing Partnercontrolsince 10/2003 · owns less than 5%
- Francis Mark Vassallo · Managing Membercontrolsince 11/2021 · owns 75% or more of Lightyear Capital Management, L.P.
- Andrew Douglas Chiciak · Managing Director/Chief Compliance Officersince 01/2019 · owns less than 5%
- Jo Lori Forlano · Managing Director/General Counsel/Chief Administrative Officersince 09/2005 · owns less than 5%
- Benjamin Daniel Stencel · Managing Director/Chief Financial Officersince 07/2021 · owns less than 5%
Entity owners
- Lightyear Capital Management, L.P. · Sole Memberdirect · owns 75% or more
- Lightyear Capital Gp LLC · General Partnerindirect · owns F of Lightyear Capital Management, L.P.
Related persons
Schedule D 7.A
- Lightyear Fund III Gp Holdings, LLCpooled vehicle sponsorn
- Lightyear Fund III Gp, L.P.pooled vehicle sponsorn
- Lightyear Fund IV Gp Holdings, LLCpooled vehicle sponsorn
- Lightyear Fund IV Gp, L.P.bankpooled vehicle sponsorn
- Lightyear Fund V (Cayman) Gp, L.P.pooled vehicle sponsorn
- Lightyear Fund V (Cayman) Gp, LLCpooled vehicle sponsorn
- Lightyear Fund V Gp Holdings, LLCpooled vehicle sponsorn
- Lightyear Fund V Gp, L.P.bankpooled vehicle sponsorn
- Lightyear Fund Vi Gp Holdings, LLCpooled vehicle sponsorn
- Lightyear Fund Vi Gp, L.P.bankpooled vehicle sponsorn
Advisers that list Lightyear Capital LLC as a related person
- 15340 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 29 to 31Apr 21, 2025 to Mar 30, 2026
- Advisory employees · 25 to 26Apr 21, 2025 to Mar 30, 2026
- Pooled vehicle clients · 29 to 31Apr 21, 2025 to Mar 30, 2026
- Assets in custody · $5.4B to $5.2BApr 21, 2025 to Mar 30, 2026
- Private funds · 27 to 28Apr 21, 2025 to Mar 30, 2026
- Discretionary RAUM · $7.2B to $8.1BApr 21, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $7.2B to $8.1BApr 21, 2025 to Mar 30, 2026
- RAUM · $7.2B to $8.1BApr 21, 2025 to Mar 30, 2026
- Accounts · 21 to 29Nov 13, 2024 to Apr 21, 2025
- Advisory employees · 23 to 25Nov 13, 2024 to Apr 21, 2025
- Pooled vehicle clients · 21 to 29Nov 13, 2024 to Apr 21, 2025
- Assets in custody · $4.3B to $5.4BNov 13, 2024 to Apr 21, 2025
- Employees · 49 to 50Nov 13, 2024 to Apr 21, 2025
- Financial planning clients · unset to Nov 13, 2024 to Apr 21, 2025
- Private funds · 20 to 27Nov 13, 2024 to Apr 21, 2025
- Discretionary RAUM · $5.0B to $7.2BNov 13, 2024 to Apr 21, 2025
- Pooled vehicle RAUM · $5.0B to $7.2BNov 13, 2024 to Apr 21, 2025
- RAUM · $5.0B to $7.2BNov 13, 2024 to Apr 21, 2025
- Accounts · 19 to 21May 9, 2023 to Mar 28, 2024
- Advisory employees · 26 to 23May 9, 2023 to Mar 28, 2024
- Pooled vehicle clients · 19 to 21May 9, 2023 to Mar 28, 2024
- Assets in custody · $3.1B to $4.3BMay 9, 2023 to Mar 28, 2024
- Employees · 50 to 49May 9, 2023 to Mar 28, 2024
- Private funds · 18 to 20May 9, 2023 to Mar 28, 2024
- Discretionary RAUM · $4.1B to $5.0BMay 9, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $4.1B to $5.0BMay 9, 2023 to Mar 28, 2024
- RAUM · $4.1B to $5.0BMay 9, 2023 to Mar 28, 2024
- Advisory employees · 20 to 26May 18, 2022 to Mar 30, 2023
- Assets in custody · $3.1B to $3.1BMay 18, 2022 to Mar 30, 2023
- Employees · 39 to 50May 18, 2022 to Mar 30, 2023
- Discretionary RAUM · $4.9B to $4.1BMay 18, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $4.9B to $4.1BMay 18, 2022 to Mar 30, 2023
- RAUM · $4.9B to $4.1BMay 18, 2022 to Mar 30, 2023
- Accounts · 14 to 19Feb 7, 2022 to Mar 30, 2022
- Advisory employees · 19 to 20Feb 7, 2022 to Mar 30, 2022
- Pooled vehicle clients · 14 to 19Feb 7, 2022 to Mar 30, 2022
- Assets in custody · $2.3B to $3.1BFeb 7, 2022 to Mar 30, 2022
- Employees · 34 to 39Feb 7, 2022 to Mar 30, 2022
- Private funds · 14 to 18Feb 7, 2022 to Mar 30, 2022
- Discretionary RAUM · $3.2B to $4.9BFeb 7, 2022 to Mar 30, 2022
Signals
4 dated events
- Lightyear Capital Llc reported RAUM $7.2B, up 43% from $5.0B (2024-11-13 to 2025-04-21)Apr 21, 2025 · RAUM change · derived
- Lightyear Capital Llc reported RAUM $4.9B, up 54% from $3.2B (2022-02-07 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Lightyear Capital Llc reported RAUM $3.2B, up 75% from $1.8B (2020-04-14 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Baird Donald Marron (Member/Chairman And Founder) no longer on Schedule A of Lightyear Capital Llc (listed 2019-03-29, absent 2020-03-05)Mar 5, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- Lightyear Capital LLC · Independent Sponsorsshared crd · capital_provider
- Lightyear Capital LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/lightyear-capitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- lycap.altareturn.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-328-0555reportedpublic record, Form ADV, Apr 27, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026