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 H.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, Floor & Decor, Guitar Center, House of Blues Entertainment, 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 serves as Chief Compliance Officer and Head of Business Operations for LightBay Capital. She has nearly 18 years of experience in the financial services 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 with Honors 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.


David Leeney

Managing Director
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David is a Managing Director and serves as Head of Business Development for LightBay Capital.  His responsibilities include coordination of LightBay’s deal sourcing and relationship management efforts.  David brings more than 14 years of business development, origination, and investor relations experience to LightBay.  Prior to joining the firm, David spent ten years at The Gores Group where he most recently served as the Head of Global Origination and oversaw business development for all of Gores’ investment vehicles, including its small-cap and mid-cap funds.  Prior to joining Gores, David worked as an investor relations consultant at Taylor Rafferty on a variety of large-cap cross-border transactions.

David graduated from the University of Notre Dame, where he earned a B.A. in History.  He also holds an M.B.A. in Finance from Pepperdine University.


David Burcham

Principal
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David is a Principal at LightBay Capital.  Previously, David was a Managing Director at Levine Leichtman Capital Partners, where he worked for more than 8 years. While at Levine Leichtman, David led investments across several industries and in a variety of transaction types. He served on the boards of seven companies in the consumer, healthcare, business services, and manufacturing industries. Prior to joining Levine Leichtman, David was an Investment Banking Analyst in the Leveraged Finance group at RBS Securities and an Engineer/Scientist in the Space & Intelligent Systems division at The Boeing Company.

David graduated magna cum laude from the University of Southern California, where he earned a B.S. in Electrical Engineering.


Isaac Rosenberg

Senior Associate
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Isaac is a Senior Associate at LightBay Capital. His responsibilities include sourcing, analyzing new investments, financial modeling, due diligence, deal process execution, and portfolio company monitoring. 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.


Evan Earley

Senior Associate
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Evan is a Senior Associate at LightBay Capital. His responsibilities include sourcing, analyzing new investments, financial modeling, due diligence, deal process execution, and portfolio company monitoring. Previously, he was a Senior Associate at Pritzker Group Private Capital, where he evaluated new investments and supported existing portfolio companies. Evan began his career as an Investment Banking Analyst in the Global Healthcare Group at UBS Investment Bank, where he executed equity offerings, mergers, acquisitions, leveraged buyouts, and other financial advisory services.

Evan graduated with Honors from Indiana University’s Kelley School of Business, where he earned a B.S.B. in Finance and International Business.


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.