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Warburg Pincus partner joins Lightyear Capital

Stewart Gross is leaving his post as a managing director at Warburg Pincus to join private equity firm Lightyear Capital as a managing director.

Stewart Gross has joined New York-based Lightyear Capital’s senior management team and will serve on the firm’s investment committee.

Gross, 45, has worked at global private equity firm Warburg Pincus since 1987, rising to the position of managing director and serving as a member of the executive management group. While with Warburg Pincus, Gross worked with a number of high-profile investments, including transaction processing software firm BEA Systems, specialty reinsurance company Renaissance Reinsurance, systems management software developer VERITAS and tax preparation software maker Intuit.

“Stewart was involved in over 20 transactions representing $1 billion of invested capital at Warburg Pincus,” said Donald Marron, the chairman and chief executive officer at Lightyear. “He was also one of the early private equity investors in financial services-related companies.”
   
Before Warburg Pincus, Gross worked at Morgan Stanley. He received his undergrad degree from Harvard College and an MBA from Columbia University.

Last October, Lightyear announced that David Glenn, a senior vice president at the firm, had been promoted to managing director. At the same time, the firm hired Gün Keresteci as a senior vice president. He was formerly a partner at consulting firm McKinsey & Company.

Lightyear closed their first fund in 2002 on $750 million. The firm focuses on financial, media and general industrial investments.