Lightyear Capital Welcomes Tom Naratil as Operating Partner to Strengthen Wealth Management Investments

In the ever-evolving financial services landscape, private equity firm Lightyear Capital continues to make strategic moves. The New York-based firm has appointed Tom Naratil as an Operating Partner to its Lightyear Fund V. With his deep expertise in the wealth management and financial services sector, Naratil is set to play a crucial role in expanding and strengthening Lightyear's thematic investments in this important industry.

Lightyear Capital has a strong track record of investing in wealth and asset management, as evidenced by its current and past investments in notable companies such as Allworth Financial, Cerity Partners, and Wren Sterling. The firm's success in this space highlights its ability to identify and create value in the future growth of asset and wealth management.

Mark Vassallo, Managing Partner of Lightyear Capital, expressed his enthusiasm for having Naratil on board, stating, "We have known Tom for a long time and are thrilled that he selected to work with Lightyear. We are excited to work with Tom to further expand and strengthen our thematic investing in this important sector."

Naratil brings a wealth of experience to Lightyear Capital, having previously served as Co-President of UBS Global Wealth Management, the largest global wealth management firm. He also held the position of President of UBS Americas and was a member of UBS Group AG's Executive Board. Additionally, Naratil is a Finance Senior Fellow in the Department of Social Sciences at the United States Military Academy at West Point. His impressive background and industry insight make him a valuable addition to Lightyear's team.

Expressing his enthusiasm for joining Lightyear Capital, Naratil stated, "Working with Lightyear is a terrific opportunity for me. Lightyear is well-positioned to identify and create value in the future growth of asset and wealth management. I have known members of the firm for over three decades, and I've been continuously impressed with Lightyear's financial services acumen, the quality of their team, and the firm's culture."

Max Rakhlin, Managing Director at Lightyear Capital, also expressed his delight in having Naratil on board, emphasizing the value of his sector expertise. Rakhlin said, "We are delighted to have Tom join us as an Operating Partner. Tom brings deep sector expertise and will add valuable perspectives as we continue to explore investment opportunities in wealth and asset management. We look forward to working with Tom and leveraging his insights to support our efforts in financial services."

Lightyear Capital, with its focus on financial services and technology, healthcare, and business services, has a reputation for working closely with management to accelerate growth and build market-leading businesses. Over its 20-year history, the firm has leveraged its industry expertise, network of advisors, and operating resources to drive success. With assets under management of $4.1 billion as of December 31, 2022, Lightyear Capital continues to be a driving force in the private equity landscape.

About Lightyear Capital LLC

Lightyear Capital is a New York-based private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services. For over 20 years, Lightyear has worked closely with management and leveraged its industry expertise, network of advisors, and operating resources to accelerate growth and build market-leading businesses. As of December 31, 2022, the firm had assets under management of $4.1 billion. For more information, please visit www.lycap.com.