Lightyear announces promotions

Lightyear Capital, a financial services-focused private equity firm, has promoted Boris Rapoport and Natalie Ings to managing director. Also, the firm has upped Doug Chiciak to chief compliance officer, Jason Ehrlich to principal and Will Benton and Tim Wang to senior associates. In addition to his managing director appointment, Rapoport has been added to Lightyear’s investment committee.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Lightyear Capital LLC (“Lightyear”), a New York-based private equity firm focused on financial services investing, is pleased to announce a number of promotions in key positions across the firm.
Boris Rapoport has been promoted to Managing Director and appointed to Lightyear’s Investment Committee.

Natalie Ings has been promoted to Managing Director.

Doug Chiciak has been promoted to Chief Compliance Officer.

In addition, Lightyear has promoted Jason Ehrlich to Principal, Will Benton to Senior Associate, and Tim Wang to Senior Associate.

“Lightyear’s talented professionals are the foundation of our success and we are pleased to recognize the contributions of these individuals in creating value for our investors,” said Mark F. Vassallo, Managing Partner of Lightyear.

“Boris has become an important member of Lightyear’s leadership team, developing several investments in insurance and healthcare financial services and working closely with management teams to help drive growth. I am confident our investment process will continue to benefit from his considerable domain expertise. I am also delighted to announce Natalie’s and Doug’s promotions and look forward to their continued accomplishments at Lightyear.”

Prior to joining Lightyear in 2011, Mr. Rapoport was a Principal at FTV Capital where he spent over eight years working on private equity investments in the financial and business services industries. Mr. Rapoport began his career as an investment banker advising emerging growth companies in the financial technology industry.

Ms. Ings, who leads Portfolio Solutions, focuses on supporting Lightyear’s senior management in enhancing value and accelerating growth at Lightyear’s portfolio companies. Prior to joining the firm in 2016, she was a Private Equity Controller at Och-Ziff Capital Management and a Senior Vice President, Head of Finance, at Macquarie Infrastructure Partners.

Mr. Chiciak oversees Lightyear’s compliance program. Prior to joining the firm in 2018, he served as Deputy Chief Compliance Officer at New Mountain Capital, Chief Compliance Officer at Saba Capital Management, and Vice President of Compliance at the D.E. Shaw Group.

About Lightyear Capital LLC
Founded in 2000, Lightyear Capital is a financial services-focused private equity firm based in New York. Through its affiliated private equity funds, Lightyear makes primarily control investments in North America-based, middle-market companies across the financial services spectrum, including asset and wealth management, banking, brokerage, healthcare financial services, insurance, payments and processing, and specialty finance. The firm brings focus and discipline to its investment process, as well as operating, transaction and strategic management experience, along with significant contacts and resources beyond capital. For more information, please visit www.lycap.com.