The Lightbay Team

Nav Rahemtulla

FOUNDING PARTNER
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Nav is a Founding Partner of LightBay Capital. Previously, Nav was a Partner and the Head of Healthcare for Ares Management’s Private Equity Group, where he worked for 15 years. While at Ares, Nav led investments across several industries and in a variety of transaction types. He served on the boards of various companies including AmeriQual Group, Aspen Dental, CHG Healthcare Services, Douglas Dynamics, National Veterinary Services, OB Hospitalist Group, Serta Inc., Simmons Bedding Company, and Unified Physician Management. Prior to joining Ares, Nav was a Director of Corporate Finance at DMC Venture Capital and a member of the Investment Banking Division of Donaldson, Lufkin & Jenrette Securities Corp. 

Nav graduated with Honours from the University of Western Ontario’s Richard Ivey School of Business, where he earned a B.A. in Business Administration.


Adam Stein

FOUNDING PARTNER
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Adam is a Founding Partner of LightBay Capital. Previously, Adam was a Partner and the Head of Consumer & Retail for Ares Management’s Private Equity Group, where he worked for 16 years. While at Ares, Adam led investments across several industries and in a variety of transaction types. He served on the boards of various companies including 99¢ Only Stores, Anchor Blue, House of Blues Entertainment, Floor & Decor, Guitar Center, Maidenform Brands, Marietta Corporation, Neiman Marcus, and Smart & Final. Prior to joining Ares, Adam was a member of the Global Leveraged Finance Group at Merrill Lynch & Co., where he executed high yield bond and mezzanine financing transactions across various industries. 

Adam graduated with distinction from Emory University’s Goizueta Business School, where he earned a Bachelor of Business Administration.


Stella Ho

Managing Director
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Stella is a Managing Director and leads business operations for LightBay Capital. She has over 15 years of experience in the finance industry.  Previously, Stella was a Senior Vice President in Business Management at Moelis & Company, where she oversaw operations, recruiting, and development for the Los Angeles, Chicago, Houston, and San Francisco offices. Prior to joining Moelis, she was a Director in Business Management and an Associate Director in the Investment Banking Division at UBS. Stella started her career in the Financial Advisory Services Group at PricewaterhouseCoopers.

Stella graduated cum laude from Claremont McKenna College, where she earned a B.A. in Economics-Accounting. She also holds an M.B.A. from the UCLA Anderson School of Management.  She currently serves on the Board of Advisors for the Financial Economics Institute at Claremont McKenna College.


Isaac Rosenberg

Associate
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Isaac is an Associate at LightBay Capital. Previously, he was a Private Equity Associate at Avista Capital Partners, where he evaluated new investments and supported existing portfolio companies. Isaac began his career as an Investment Banking Analyst in the Global Leveraged Finance Group at Bank of America Merrill Lynch, where he executed leveraged loan and high yield bond financings to support leveraged buyouts, dividend recapitalizations, mergers and acquisitions, and refinancings across various industries. 

Isaac graduated with distinction from Cornell University, where he earned a B.S. in Policy Analysis and Management.


Sarah Davies

Office Manager and Executive Assistant
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Sarah is the Office Manager and an Executive Assistant at LightBay Capital. Previously, she was an Executive Assistant at The Carlyle Group and Oaktree Capital Management. Prior to joining Oaktree, she worked in business development and research. 

Sarah graduated from University of Birmingham, where she earned a Bachelor of Commerce.  She also holds an MSc in Investment Management from London’s Cass Business School.