Lightyear Capital LLC said Tuesday it promoted Daniel Freyman to Managing Director. Freyman is also joining Lightyear’s Investment Committee.
NEW YORK–(BUSINESS WIRE)–Lightyear Capital LLC, a New York-based private equity firm focused on financial services investing, is pleased to announce the promotion of Daniel Freyman to Managing Director. Mr. Freyman will draw upon his nearly two decades of experience in financial services as he joins Lightyear’s Investment Committee.
Mr. Freyman joined Lightyear in 2007, prior to which he worked at Credit Suisse for nine years advising financial institution clients on mergers and acquisitions and capital raises. He began his career at Alex. Brown. Mr. Freyman holds a B.S. in Applied Economics and Business Management from Cornell University.
“We are delighted to promote Dan to Managing Director after working with him for almost ten years. His knowledge of the financial services space has contributed positively to the success of the firm in identifying opportunities and growing existing investments. We value his insights and look forward to his continued contributions,” said Mark Vassallo, Managing Partner of Lightyear.
“I’m excited to take on this new role,” said Mr. Freyman. “Lightyear has a long history of investing in financial services, and I look forward to continue leveraging our collective experience to strive to create value for our investors.”
About Lightyear Capital LLC
Lightyear Capital LLC is a financial services-focused private equity firm based in New York. Lightyear, through its three affiliated private equity funds, has raised over $2.5 billion of capital and makes primarily control investments in North America-based, middle-market financial services companies. Lightyear targets investments across the financial services spectrum, including asset management, banks, brokerage, financial technology, insurance, and specialty finance. The firm brings strengths 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.