Lightyear Capital

Maria Veltre

Operating Partners

Maria Veltre

Operating Partner

Maria is a Senior Advisor to Lightyear Fund V, L.P. and its parallel investment vehicles.

She brings more than three decades of experience in marketing, customer experience, digital platform development, pricing strategy, and product development, as well as regulatory compliance.

She has a penchant for delivering business results based on an understanding of consumer demand and analytics, business dynamics, and P&L management. She is deeply experienced in complex change management while remaining focused on delivery of business outcomes.

Previously, Maria was the US Head of Digital and Innovation at Santander, a role she took on from 2018 to 2020. She was responsible for the alignment of Santander’s US businesses with Santander Group’s digital and product platform development. In addition, she oversaw Santander’s digital, marketing, and brand initiatives.

She joined Santander in September 2016 as Santander’s Chief Marketing & Digital Officer for Santander’s Consumer and Business Banking organization.

Prior to joining Santander, Maria was the Chief Marketing Officer at both Fifth Third Bank and Citi’s Small Business unit, and before that held senior marketing and digital roles at various financial institutions, including J.P. Morgan Chase.

One of American Banker 2019’s Women to Watch, Maria has been a long-standing supporter of women’s advancement in the workplace. She now serves as an Advisory Board member for Reserve Squad, a new venture enabling companies to retain women in the workforce, advance gender equality, and maximize labor investment through its in-house talent management solution. She is also a Board Director at Allworth Financial, a Lightyear Fund V Portfolio Company.

Maria holds a BSc in Economics from the University of Pennsylvania, The Wharton School, and an MBA, with Marketing Concentration from NYU, Stern School of Business.

_{Operating Partners (i) are not exclusive and may provide similar services to other third parties, including portfolio companies of investment funds affiliated with Lightyear and (ii) are not employees or affiliates of Lightyear or its affiliates but are independent contractors. The composition of the network of Operating Partners is subject to change.}

Privacy Policy

The purpose of this notice is to provide individuals with information on the way Lightyear Capital LLC (together with the investment funds advised by Lightyear Capital LLC and its affiliates, “Lightyear”) uses personal information.

Personal information

In connection with offering, forming, and operating private investment funds, Lightyear may collect, record, store, adapt, and otherwise process and use personal information either relating to investors, to prospective investors, or to their partners, officers, directors, employees, shareholders, ultimate beneficial owners or affiliates or to any other data subjects. Personal information collected and maintained may include, without limitation:

Personal identifiers, such as name and contact details (including physical addresses, email addresses, and telephone numbers).
Identity verification information and documentation such as government identification numbers (e.g., passport number, drivers’ license number, Social Security number, and tax id number), date of birth, place of birth, and legal and regulatory status under various laws and regulations (e.g., tax status, income, and assets).
Account and financial transaction information such as account data (e.g., wire instructions and account information), transaction history, commitment size, investment experience and investment activity, accounts and transactions with other institutions, source of funds used to make an investment, and information regarding the individual’s interest in a fund (e.g., ownership percentage, capital investment, income, and losses).
Information reflecting preferences or characteristics (e.g., risk tolerance and investment preferences).

Uses of personal information

Lightyear collects and maintains personal information for a number of reasons, including, without limitation:

Verifying the identity of prospective investors;
Communicating with investors and prospective investors, or their representatives, advisors and agents (including the negotiation, preparation and signature of documentation);
Contacting investors and prospective investors with information about products and services provided by Lightyear that Lightyear may consider may be of interest to investors;
Qualifying investors for investment in a particular fund;
Performing relevant contractual obligations and administering the investor’s investment in a fund;
Facilitating the transfer of funds, and administering and facilitating any other transaction, between investors and Lightyear;
Sending financial or capital account statements or tax documents;
Any purposes ancillary to the management and operation of a fund and/or any of its investments;
Fulfilling requests or replying to inquiries from investors and prospective investors;
Investigating any complaints, or pursuing or defending any claims, proceedings or disputes;
Protecting the security and integrity of Lightyear’s information technology systems;
Evaluating and complying with anti-money laundering, regulatory, and tax requirements; and
Complying with other legal and regulatory obligations.

Lightyear processes personal information where necessary for the compliance with a legal or regulatory obligation, for the performance of a contract, in connection with legitimate interests of Lightyear, or on the basis of consent received from the relevant individuals in compliance with the applicable legal requirements in respect to that consent.

Sources of personal information

Lightyear collects and maintains personal information from the following sources:

Through subscription agreements, investor questionnaires, or other forms that the investor or prospective investor submits to Lightyear or contracts that the investor enters into with Lightyear;
Through transactions with Lightyear, its affiliates, or others;
Through meetings and telephone conversations with investors or prospective investors and from interactions Lightyear may have with investors or prospective investors over the Internet or via other technologies.

Consequences of not providing personal information

Lightyear requires personal information in respect to a fund to be able to comply with its legal and regulatory obligations and to operate a fund. Accordingly, if personal information is not provided, a prospective investor may not be able to invest in a fund.

Sharing personal information

Lightyear may share personal information with its affiliates and delegates, including, without limitation, certain third-party service providers, such as accountants, auditors, attorneys, consultants, placement agents, administrators, and lenders (each, a “Service Provider”), that it has engaged to perform certain activities on Lightyear’s behalf. There may also be circumstances where Lightyear, its affiliates, delegates, or Service Providers are obliged by law to disclose personal information or determine that it is otherwise appropriate to do so, including to law enforcement agencies and applicable regulators.

Location of personal information

Due to the international nature of Lightyear’s business, personal information may be transferred to other jurisdictions. For residents of the European Union (“EU”) and the United Kingdom (“UK”), personal information may be transferred to jurisdictions outside the EU or the UK that are not deemed to have data protection frameworks that are equivalent to those of the EU countries, including the United States of America (“US”). For residents of the Cayman Islands, personal information may be transferred to jurisdictions that do not offer equivalent protection of personal information as under Cayman Islands Data Protection Law, 2017, including the US.

Cross-border transfers may be to Lightyear entities, to governmental, regulatory or judicial authorities, auditors, attorneys or agents as well as to Service Providers engaged by Lightyear.

In cases of cross-border transfers, Lightyear will process personal information or procure that it will be processed in accordance with the requirements of the appropriate data protection legislation where possible, which may include having appropriate contractual undertakings in legal agreements with Service Providers who process personal information on its behalf.

Retention periods

Lightyear will keep personal information for as long as it is required by Lightyear for the purposes described in this notice. For example, Lightyear may require personal information for its legitimate business purposes, to perform its contractual obligations, or as required or requested by law or regulation. Lightyear will generally retain an investor’s personal information throughout the lifecycle of the relevant fund(s). Some personal information will be retained after an investor’s relationship with Lightyear ends. Lightyear expects to delete personal information once there is no longer any legal or regulatory requirement or legitimate business purpose for retaining the personal information.

Individual rights for residents of the EU or the UK

Individuals who are residents of the EU or the UK and whose personal information is collected and processed by Lightyear have certain legal rights with respect to the information. These include:

The right to request access to personal information;
The right to obtain information about the use of personal information including: (i) the purposes for which personal information is being used; (ii) the categories of personal information being used; (iii) to whom personal information has been or will be disclosed; (iv) where possible, the period for which information will retained; (v) the right to require correction or erasure of personal information or restrict or object to its use; (vi) the right to lodge a complaint with a supervisory authority; and (vii) whether personal information is subject to any automated decision-making including profiling;
The right to require correction of errors in personal information without undue delay;
The right to have personal information erased without undue delay in certain circumstances including where: (i) the personal information no longer needs to be processed for the purposes for which it was collected; (ii) the personal information has been processed unlawfully; and (iii) erasure is required by applicable law;
The right to restrict the processing of personal information in certain situations including where: (i) the individual is contesting the accuracy of the personal information; (ii) the information is being processed unlawfully but the individual does not want the data erased; (iii) the personal information is no longer needed for the purposes for which the individual provided it but the individual requires that information to help establish, exercise or defend legal claims;
The right to object to the processing of personal information; and
The right to receive personal information in a structured, commonly used and machine-readable format and transmit that information to a third party

Individuals may contact Lightyear at the contact information described in the “Contact Lightyear” section of this notice. Individuals may also bring issues or concerns regarding personal information to the attention of the applicable supervisory authority.

Individual rights for residents of the Cayman Islands

Individuals who are residents of the Cayman Islands and whose personal information is collected and processed by Lightyear have certain legal rights with respect to the information. These include:

The right to request access to personal information;
The right to stop direct marketing;
The right to restrict the processing of personal information (with certain exemptions);
The right to have incomplete or inaccurate personal information corrected;
The right to ask Lightyear to stop processing personal information;
The right to be informed of a personal information breach (unless the breach is unlikely to be prejudicial to the data subject);
The right to complain to the Data Protection Ombudsman for the Cayman Islands; and
The right to require Lightyear to delete personal information in some limited circumstances.

Individual rights for residents of the state of California

In accordance with the California Consumer Privacy Act (“CCPA”) and in certain circumstances, individuals who are residents of California and whose personal information is collected and processed by Lightyear may have certain legal rights with respect to some information. These may include:

The right to request access to certain personal information collected by Lightyear dating back one year before the access request is made. Specifically, individuals may have the right to ask that Lightyear disclose (i) the categories of personal information Lightyear has collected; (ii) the categories of sources from which Lightyear collects personal information; (iii) the business or commercial purpose for collecting personal information; (iv) the categories of third parties with whom Lightyear shares personal information; (v) the specific pieces of personal information Lightyear has collected; and (vi) if Lightyear disclosed the individual’s personal information for a business purpose, a list of the categories of personal information Lightyear has disclosed in the prior 12 months; and
The right to request that Lightyear delete personal information. Lightyear will not delete personal information if Lightyear needs it in order to service that individual’s account, to protect the security or functionality of its operations, to comply with legal and regulatory obligations, or for certain other reasons.

Lightyear does not sell personal information.

Individuals may submit requests for access or deletion to Lightyear at www.lycap.com/lyemailform.aspx, by toll-free call to 1-833-994-1908, or by emailing compliance@lycap.com.

Only the data subject, or a person registered with the California Secretary of State that is authorized by the data subject, may submit a request for access to, or deletion of, that data subject’s personal information.

In connection with an access or deletion request, Lightyear will undertake steps to verify the requester’s identity. Lightyear may ask the requester to provide information that Lightyear has on file about the requester or, if the request is submitted in writing or online, Lightyear may contact the requester via another method (e.g., phone or email) to verify the requester’s identity. Requesters should be prepared to provide Lightyear with, for example, their name, organization, contact details (including physical address, telephone number, and email address), and details regarding their interest in one or more funds managed by Lightyear. Lightyear will only use personal information provided in a request to verify the requester’s identity and authority to make the request, and Lightyear will maintain a record of access and deletion requests as required by the CCPA.

Lightyear will not deny services, charge different prices, offer a different quality of service or otherwise discriminate against an individual for exercising the rights afforded to him or her under the CCPA.

Contact Lightyear

Any questions regarding the contents of this notice, the personal information that Lightyear collects and maintains, or Lightyear’s privacy and information security policies and procedures in general, should be addressed to Doug Chiciak, Lightyear’s Chief Compliance Officer, via email at compliance@lycap.com or call 212-328-0509.

User Agreement

Thank you for visiting the Lightyear Capital website. By using this website, you agree to abide by the following terms and conditions. If you do not accept these conditions, do not use this website. The information presented on this website is being provided in summary form for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any Lightyear Capital-affiliated fund. Advice from a suitably qualified professional should always be sought in relation to any particular investment matter or circumstance. This website does not purport to be all-inclusive and does not contain all material information that a prospective investor may desire when contemplating making an investment. Lightyear Capital, its affiliates, and their respective officers, agents, and employees do not warrant the accuracy, adequacy, or completeness of the information contained on this website and expressly disclaim liability for errors or omissions in the information. Additional information is available upon request.

By using our website, you acknowledge that we are providing the contents of this website on an "as is" basis with no warranties of any kind. Your use of this website and use of, or reliance upon any of the information on it, is solely at your own risk. IN NO EVENT SHALL LIGHTYEAR CAPITAL, ITS AFFILIATES, AND THEIR RESPECTIVE OFFICERS, AGENTS, EMPLOYEES OR ANY OF THE PARTIES INVOLVED IN CREATING, PRODUCING, OR DELIVERING THIS WEBSITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DIRECT DAMAGES, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, LEGAL FEES, EXPERT FEES, OTHER DISBURSEMENTS OR DAMAGES) RESULTING FROM, DIRECTLY OR INDIRECTLY, YOUR USE OR INABILITY TO USE THE WEBSITE AND/OR THE INFORMATION ON IT, INCLUDING BUT NOT LIMITED TO ANYTHING CAUSED BY ANY VIRUSES, BUGS, HUMAN ACTION OR INACTION OR ANY COMPUTER SYSTEM, PHONE LINE, HARDWARE, SOFTWARE, OR PROGRAM MALFUNCTIONS, OR ANY OTHER ERRORS, FAILURES, OR DELAYS IN COMPUTER TRANSMISSIONS OR NETWORK CONNECTIONS.

All content included on this website, such as graphics, logos, articles, and other materials, is the property of Lightyear Capital or third parties and is protected by copyright and other laws. All trademarks and logos displayed on this website are the property of their respective owners, who may or may not be affiliated with our organization. This website may contain links to other sites not supported by Lightyear Capital. Such external links are provided solely as a convenience to you. The inclusion of any link does not constitute an endorsement, authorization, sponsorship, affiliation, or monitoring by Lightyear Capital with respect to such linked site or its owners. Lightyear Capital has not verified the accuracy or completeness of any information in such linked sites, and makes no representations as to the information contained therein. Accessing any linked sites is at the user's own risk. You should review the applicable terms of use and privacy policies in connection with any use of such third party sites.

Certain parts of our website will be password protected and accessible only to users with valid usernames and passwords. Only you are authorized to use your password. Any transfer of passwords to, or use of passwords by, an unauthorized person is strictly prohibited.

As our website indicates, we welcome your questions about us and our financial products and services. Please be advised that any comments, suggestions, ideas, or other information that you send to us through our website will not be treated as confidential and that we will own and have the right to use them as we choose, without payment to you.

This User Agreement shall be governed by the laws of the State of New York, without regard to conflicts of law rules, and the exclusive jurisdiction and venue for any dispute shall be New York, New York.

California Consumer Privacy Act

Individual rights for residents of the state of California

In accordance with the California Consumer Privacy Act ("CCPA"), individuals who are residents of California and whose personal information is collected and processed by Lightyear have certain legal rights with respect to the information. These include:

The right to request access to personal information collected by Lightyear dating back one year before the access request is made. Specifically, individuals have the right to ask that Lightyear disclose (i) the categories of personal information Lightyear has collected; (ii) the categories of sources from which Lightyear collects personal information; (iii) the business or commercial purpose for collecting personal information; (iv) the categories of third parties with whom Lightyear shares personal information; (v) the specific pieces of personal information Lightyear has collected; and (vi) if Lightyear disclosed the individual's personal information for a business purpose, a list of the categories of personal information Lightyear has disclosed in the prior 12 months.
The right to request that Lightyear delete personal information. Lightyear will not delete personal information if Lightyear needs it in order to service that individual's account, to protect the security or functionality of its operations, to comply with legal and regulatory obligations, or for certain other reasons.

Lightyear does not sell personal information.

Individuals may submit requests for access or deletion to Lightyear at www.lycap.com/lyemailform.aspx, by toll-free call to 1-833-994-1908, or by emailing compliance@lycap.com.

Only the data subject, or a person registered with the California Secretary of State that is authorized by the data subject, may submit a request for access to, or deletion of, that data subject's personal information.

In connection with an access or deletion request, Lightyear will undertake steps to verify the requester's identity. Lightyear may ask the requester to provide information that Lightyear has on file about the requester or, if the request is submitted in writing or online, Lightyear may contact the requester via another method (e.g., phone) to verify the requester's identity. Lightyear will only use personal information provided in a request to verify the requester's identity and authority to make the request and Lightyear will maintain a record of access and deletion requests as required by the CCPA.

Lightyear will not deny services, charge different prices, offer a different quality of service or otherwise discriminate against an individual for exercising the rights afforded to him or her under the CCPA.