Lightyear Closes Fund II

Lightyear Capital of < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />New York has closed its second buyout fund focused on the financial services market, with over $850 million in capital commitments. The fund already includes two portfolio companies: Flagstone Reinsurance Holding Co. and Delos Insurance Group. www.lycap.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />