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Lightyear Capital
Lightyear Capital is a private equity firm focused on leveraged buyout and growth capital investments in financial services companies. The firm, which is based in New York City, was founded in 2002 with the backing of UBS AG by Donald Marron. Marron is best known for building up PaineWebber over a 23-year career and completing its sale to UBS AG in late 2000 for $10.8 Billion. Marron was also a founder of Data Resources Inc. The firm has raised approximately $3 billion since inception across its five funds. In May 2002, Lightyear closed on its first fund, The Lightyear Fund, with $750 million of investor commitments, approximately $500 million of which came from UBS AG. In 2006, the firm completed fundraising for its second private equity fund, with $850 million of commitments from over 40 investors. In March 2021, the firm filed documents stating that it had raised over $1.27 billion with 24 investors for its fifth fund, Lightyear Capital V. Among the firm's most notable inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lightyear Capital Logo
A light-year, alternatively spelled light year, is a large unit of length used to express astronomical distances and is equivalent to about 9.46 trillion kilometers (), or 5.88 trillion miles ().One trillion here is taken to be 1012 (one million million, or billion in long scale). As defined by the International Astronomical Union (IAU), a light-year is the distance that light travels in a vacuum in one Julian year (365.25 days). Because it includes the time-measurement word "year", the term ''light-year'' is sometimes misinterpreted as a unit of time. The ''light-year'' is most often used when expressing distances to stars and other distances on a galactic scale, especially in non-specialist contexts and popular science publications. The unit most commonly used in professional astronomy is the parsec (symbol: pc, about 3.26 light-years) which derives from astrometry; it is the distance at which one astronomical unit subtends an angle of one second of arc. Defini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2002
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking Private Equity Groups
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firms Of The United States
Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded by Ringo Sheena * "Private" (Vera Blue song), from the 2017 album ''Perennial'' Literature * ''Private'' (novel), 2010 novel by James Patterson * ''Private'' (novel series), young-adult book series launched in 2006 Film and television * ''Private'' (film), 2004 Italian film * ''Private'' (web series), 2009 web series based on the novel series * ''Privates'' (TV series), 2013 BBC One TV series * Private, a penguin character in ''Madagascar'' Other uses * Private (rank), a military rank * ''Privates'' (video game), 2010 video game * Private (rocket), American multistage rocket * Private Media Group, Swedish adult entertainment production and distribution company * ''Private (magazine)'', flagship magazine of the Private Media Group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Flyer Industries
New Flyer is a Canadian multinational bus manufacturer, specializing in the production of transit buses. New Flyer is owned by the NFI Group, a holding company for several bus manufacturers. New Flyer has several manufacturing facilities in Canada and the United States that produce the company's main product, the New Flyer Xcelsior family of buses. History New Flyer was founded by John Coval in 1930 as the Western Auto and Truck Body Works Ltd in Manitoba. The company began producing buses in 1937, selling their first full buses to Grey Goose Bus Lines in 1937, before releasing their Western Flyer bus model in 1941, prompting the company to change its name to Western Flyer Coach in 1948. In the 1960s, the company further focused on the urban transit bus market. In 1971, the then-financially struggling Western Flyer was sold to the Manitoba Development Corporation, an agency of the government of Manitoba, and renamed Flyer Industries Limited.Stauss, Ed (1988). ''The Bus World En ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important bank by the Financial Stability Board. As a " Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collegiate Funding Services
JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, incorporated in Delaware. As of 2022, JPMorgan Chase is the List of largest banks in the United States, largest bank in the United States, the world's List of largest banks, largest bank by market capitalization, and the List of largest banks, fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board. As a "Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four (banking)#United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years (often with annual extensions). At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional (where all the investors invest with equal terms) or asymmetric (where different investors have different terms).Metrick, Andrew, and Ayako Yasuda. "The economics of private equity funds."Review of Financial Studies (2010): hhq020. A private equity fund is raised and managed by investment professionals of a specific private-equity firm (the general partner and investment advisor). Typically, a single private-equity firm wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Resources Inc
Data Resources Inc or DRI was co-founded in 1969 by Donald Marron and Otto Eckstein. Marron is best known as the former CEO of PaineWebber and founder of Lightyear Capital. Eckstein was a Harvard University economics professor, economic consultant to Lyndon Baines Johnson and member of the Council of Economic Advisors; he is best known for the development of the theory of core inflation. DRI became the largest non-governmental distributor of economic data in the world. The company also built the largest macroeconometric model of its era. Allen Sinai was a leading architect. Richard Hokenson did much of the maintenance work. DRI was a major customer of Burroughs Computer. During the 1970s era of rapid expansion, DRI used the Burroughs 6700 and 7700 mainframes. DRI also developed innovative software, including the PRIMA and AID database languages; EPL Econometric Programming Language; MODSIM for solving models; and MODEL for solving econometric models in particular. Later ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABC News
ABC News is the news division of the American broadcast network ABC. Its flagship program is the daily evening newscast ''ABC World News Tonight, ABC World News Tonight with David Muir''; other programs include Breakfast television, morning news-talk show ''Good Morning America'', ''Nightline'', ''Primetime (American TV program), Primetime'', and ''20/20 (American TV program), 20/20'', and Sunday morning talk shows, Sunday morning political affairs program ''This Week (ABC TV series), This Week with George Stephanopoulos''. In addition to the division's television programs, ABC News has radio and digital outlets, including ABC News Radio and ABC News Live, plus various podcasts hosted by ABC News personalities. History Early years ABC began in 1943 as the Blue Network, NBC Blue Network, a radio network that was Corporate spin-off, spun off from NBC, as ordered by the Federal Communications Commission (FCC) in 1942. The reason for the order was to expand competition in radi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Sun
''The New York Sun'' is an American online newspaper published in Manhattan; from 2002 to 2008 it was a daily newspaper distributed in New York City. It debuted on April 16, 2002, adopting the name, motto, and masthead of the earlier New York paper, '' The Sun'' (1833–1950). It became the first general-interest broadsheet newspaper to be started in New York City in several decades. Its op-ed page became a prominent platform in the country for conservative viewpoints. From 2009 to 2021 ''The Sun'' operated as an (occasional and erratic) online-only publisher of political and economic opinion pieces, as well as occasional arts content. Following acquisition from Dovid Efune in November 2021, ''The New York Sun'' has returned to full-time online publication since 2022. ''The New York Sun'' claims to be the heir of '' The Sun'', a successful broadsheet newspaper published in New York City from 1833 until 1950. History ''The Sun'' was founded by a group of investors including p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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