Lightyear Capital, a New York-based private equity firm focused on financial services technology, healthcare and business services, has closed a single-asset continuation fund for portfolio company ampliFI Loyalty Solutions.
ampliFI is a technology and analytics provider of loyalty solutions to banks and credit unions with assets under $50bn for their debit and credit card programs.
The portfolio company will continue to be managed by Lightyear via the continuation fund, which was anchored by investment funds affiliated with Neuberger Berman as lead investor.
Lightyear Fund IV initially invested in ampliFI in 2018, having carved out the business from Augeo. Lightyear oversaw changes to the management team, improvements to ampliFI’s technology platforms and several product launches including pay with points, fuel with points and check out with points, according to a press release.
Evercore and Davis Polk & Wardwell advised Lightyear.
