An affiliated investment fund of Lightyear Capital LLC, a private equity firm specializing in financial services investing, has completed its acquisition of a majority equity stake in Pathlight Capital LLC, a Hingham, MA-based commercial finance company providing companies with financing solutions.
The terms of the transaction were not disclosed.
Founded in 2012, Pathlight has focused on providing secured asset-based loans to companies in the consumer and retail sector to support growth, acquisitions, refinancings, and restructurings.
Going forward, the firm intends to expand its capabilities to provide its solutions beyond the consumer and retail sector.
Following the investment, Chief Executive Officer Daniel Platt will remain a minority owner and continue in his role going forward.