# Lightyear Capital LLC

> Lightyear Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 21, 2026.

- CRD: 156781
- Filed as: LIGHTYEAR CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156781
- AdvisorCensus page: https://advisorcensus.com/firm/lightyear-capital-llc-new-york-ny-156781

## Quick answers

**How is Lightyear Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Lightyear Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Lightyear Capital LLC located?**
Lightyear Capital LLC's principal office is in New York, NY, according to its Form ADV.

**Is Lightyear Capital LLC registered with the SEC or a state?**
Lightyear Capital LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156781.

**How much does Lightyear Capital LLC manage?**
Lightyear Capital LLC reports $8,083,514,414 in regulatory assets under management in its Form ADV filing dated September 21, 2026 (100% discretionary).

**How have Lightyear Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Lightyear Capital LLC: Regulatory assets under management: $3,186,935,124 in the October 2021 data and $8,083,514,414 in the October 2026 data, up 154%. Total employees: 34 in October 2021 and 50 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lightyear Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (31).

**Does Lightyear Capital LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/156781

**What changed in Lightyear Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 25 to 26. Regulatory assets under management went from $7,198,539,301 to $8,083,514,414 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $8,083,514,414
- Discretionary: $8,083,514,414
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 31 | $8,083,514,414 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 50 total, 26 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/156781

### Websites listed on Form ADV (Item 1.I)
- [lycap.altareturn.com](https://lycap.altareturn.com)
- [lycap.com](https://lycap.com)
- LinkedIn @lightyear-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,186,935,124 | 34 | May 3, 2021 |
| October 2022 | $4,909,449,205 | 39 | May 18, 2022 |
| October 2023 | $4,147,141,372 | 50 | May 9, 2023 |
| October 2024 | $5,017,837,060 | 49 | April 18, 2024 |
| October 2025 | $7,198,539,301 | 50 | April 21, 2025 |
| October 2026 | $8,083,514,414 | 50 | September 21, 2026 |

Regulatory assets under management: $3,186,935,124 in the October 2021 data and $8,083,514,414 in the October 2026 data, up 154%.
Total employees: 34 in October 2021 and 50 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 25 to 26.
- Regulatory assets under management went from $7,198,539,301 to $8,083,514,414 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lightyear Capital LLC (CRD 156781): Form ADV filing data as of October 2026.