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Lightyear Capital adds Tom Naratil as Operating Partner

Will Support Growth and Investment in Wealth Management and Financial Services.

New York, July 24, 2023 – Lightyear Capital LLC ("Lightyear"), a New York-based private equity firm that partners with companies at the nexus of financial services and technology, healthcare, and business services, appointed Tom Naratil as an Operating Partner to Lightyear Fund V. Mr. Naratil will support investments in the wealth management and financial services sector.

"Lightyear has a long and successful history of investing in wealth and asset management, punctuated by our strategic and current investments in Allworth Financial, Cerity Partners, and Wren Sterling and our realized investments in Advisor Group, Cetera, Clarion, Ridgeworth Financial, and Wealth Enhancement Group. 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," said Mark Vassallo, Managing Partner of Lightyear Capital.

Previously, Mr. Naratil was Co-President UBS Global Wealth Management, the largest global wealth management firm, President UBS Americas, and a member of UBS Group AG’s Executive Board. Mr. Naratil is a Finance Senior Fellow in the Department of Social Sciences at the United States Military Academy at West Point. He holds a BA from Yale University and an MBA from NYU Stern School of Business.

Mr. 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, added, "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."

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

Elliot Sloane
ThroughCo Communications
(917) 291-0833