Firm at a glance
Lightyear Capital is a private equity firm that closed its sixth fund at approximately $2.5 billion in April 2026 [S1].
What they buy
Based on publicly reported transactions, Lightyear Capital appears to focus on financial services and technology-enabled business services. Recent acquisitions include accounting and advisory services platforms, payment technology providers, and financial software businesses [S2][S3][S4]. The firm’s investment pattern suggests interest in businesses serving professional services markets and payment infrastructure.
Portfolio
Public records from the last 24 months identify the following portfolio companies:
**Accounting and Professional Services**
– Prosperity Partners (majority investment, July 2026) [S2]
– ProfitSolv (acquired June 2025, co-investment with FTV Capital) [S4]
**Payment Technology**
– PayByPhone (acquired February 2026) [S3]
Recent activity (last 24 months)
– **July 2026**: Acquired majority stake in Prosperity Partners, an accounting and advisory services platform [S2]
– **April 2026**: Closed Lightyear Capital Fund VI at $2.5 billion [S1]
– **February 2026**: Acquired PayByPhone, a mobile parking payment technology provider [S3]
– **June 2025**: Acquired ProfitSolv, a financial software business, alongside co-investor FTV Capital [S4]
How this firm fits a seller
Lightyear Capital appears suited for owner-operators in financial services, payment technology, and professional services sectors based on its recent transaction history. The firm’s co-investment in ProfitSolv alongside another institutional investor suggests capacity for partnership structures [S4]. With a recently closed $2.5 billion fund as of April 2026, the firm appears positioned for continued acquisition activity [S1]. Sellers in accounting services, payment processing, or financial technology may find sector alignment with this buyer.
Sources
[S1] https://www.law360.com/articles/2465138/davis-polk-led-lightyear-capital-raises-2-5b-for-6th-fund (as of 2026-04-14)
[S2] https://insidepublicaccounting.com/2026/07/14/prosperity-partners-receives-majority-investment-from-lightyear-capital/ (as of 2026-07-14)
[S3] https://www.marketsgroup.org/news/paybyphone-to-be-acquired-by-private-equity-firm-lightyear-capital (as of 2026-02)
[S4] https://www.williamblair.com/News/ProfitSolv-and-FTV-Capital-and-Lightyear-Capital-Transaction (as of 2025-06)
Frequently asked questions
Does Lightyear Capital buy accounting and professional services businesses?
Yes, per public sources. In July 2026, Lightyear Capital acquired a majority stake in Prosperity Partners, an accounting and advisory services platform [S2]. The firm also acquired ProfitSolv, a financial software provider serving professional services, in June 2025 [S4].
What companies has Lightyear Capital acquired recently?
Recent publicly reported acquisitions include Prosperity Partners in July 2026, PayByPhone in February 2026, and ProfitSolv in June 2025 [S2][S3][S4]. These transactions span accounting services, payment technology, and financial software sectors.
Where is Lightyear Capital based and how big is the firm?
The firm closed its sixth fund at approximately $2.5 billion in April 2026, per public reporting [S1]. Headquarters location was not identified in publicly available sources reviewed as of July 2026.
Is Lightyear Capital still actively acquiring?
Yes. The firm completed its most recent publicly reported acquisition in July 2026 with the Prosperity Partners transaction [S2], and closed a $2.5 billion fund in April 2026 [S1], suggesting active deployment capacity.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.