-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IyLOg5gKwMgMlZ2eVh7XntbsPZOTgiOEphXweQc1Fw9FKLDMwAIELbLR4wvcJgyH hprfXjZVYgJerK6kFX+7bg== 0000893750-05-000110.txt : 20050214 0000893750-05-000110.hdr.sgml : 20050214 20050214165033 ACCESSION NUMBER: 0000893750-05-000110 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 GROUP MEMBERS: LIGHTYEAR CO INVEST LP GROUP MEMBERS: LIGHTYEAR FUND GP LLC GROUP MEMBERS: LIGHTYEAR FUND LLP GROUP MEMBERS: MARRON & ASSOCIATES LLC GROUP MEMBERS: MARRON DONALD B SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COLLEGIATE FUNDING SERVICES INC CENTRAL INDEX KEY: 0001286686 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 043649118 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80143 FILM NUMBER: 05611545 BUSINESS ADDRESS: STREET 1: 100 RIVERSIDE PARKWAY SUITE 125 CITY: FREDERICKSBURG STATE: VA ZIP: 22406 BUSINESS PHONE: 5403741600 MAIL ADDRESS: STREET 1: 100 RIVERSIDE PARKWAY SUITE 125 CITY: FREDERICKSBURG STATE: VA ZIP: 22406 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARRON DONALD B CENTRAL INDEX KEY: 0001026921 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 51 WEST 52ND STR STREET 2: 23RD FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 882 5600 MAIL ADDRESS: STREET 1: 51 WEST 52ND ST STREET 2: 23RD FL CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G 1 schedule13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* Collegiate Funding Services, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 19458M 10 8 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2004 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [X] Rule 13d-1(d) ____________________ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act")or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Exhibit Index on Page 12 CUSIP No. 19458M 10 8 Page 2 of 15 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Not required THE LIGHTYEAR FUND, L.P. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 15,271,259 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 15,271,259 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,271,259 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 50.1% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 19458M 10 8 Page 3 of 15 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Not required LIGHTYEAR CO-INVEST PARTNERSHIP, L.P. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 74,824 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 74,824 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 74,824 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.25% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 19458M 10 8 Page 4 of 15 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Not required LIGHTYEAR FUND GP, LLC ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 15,346,083 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 15,346,083 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,346,083 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 50.3% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 19458M 10 8 Page 5 of 15 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Not required Marron & Associates, LLC ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 15,346,083 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 15,346,083 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,346,083 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 50.3% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 19458M 10 8 Page 6 of 15 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Not required Mr. Donald B. Marron ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 15,346,083 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 15,346,083 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,346,083 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 50.3% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 19458M 10 8 Page 7 of 15 Item 1(a). Name of Issuer: Collegiate Funding Services, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 10304 Spotsylvania Avenue Suite 100 Fredericksburg, Virginia 22408 Item 2(a). Name of Person(s) Filing: (i) The Lightyear Fund, L.P., a Delaware limited partnership; (ii) Lightyear Co-Invest Partnership, L.P., a Delaware limited partnership; (iii) Lightyear Fund GP, LLC, a Delaware limited liability company; (iv) Marron & Associates, LLC, a Delaware limited liability company; and (v) Mr. Donald B. Marron. Item 2(b). Address of Principal Business Office or, if none, Residence: The address of principal business office of each of the filing persons is 51 West 52nd Street, 23rd Floor, New York, New York 10019 Item 2(c). Citizenship: See Item 4 of each cover page. Item 2(d). Title of Class of Securities: This Schedule relates to the common stock, par value $0.001 per share, of Collegiate Funding Services, Inc. Item 2(e). CUSIP Number: 19458M 10 8. Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Ownership. (a) Amount beneficially owned: See Item 9 of each cover page. (b) Percent of class: See Item 11 of each cover page. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: CUSIP No. 19458M 10 8 Page 8 of 15 See Item 5 of each cover page. (ii) Shared power to vote or to direct the vote: See Item 6 of each cover page. (iii) Sole power to dispose or to direct the disposition of: See Item 7 of each cover page. (iv) Shared power to dispose or to direct the disposition of: See Item 8 of each cover page. 15,271,259 shares of common stock of the Issuer reported herein are directly held by The Lightyear Fund, L.P. ("The Lightyear Fund") and 74,824 shares of common stock of the Issuer reported herein are directly held by Lightyear Co-Invest Partnership, L.P. ("Co-Invest"). As the sole general partner of both The Lightyear Fund and Co-Invest, Lightyear Fund GP, LLC ("Lightyear Fund GP") may be deemed to share voting and/or dispositive power over such securities. As the managing member of Lightyear Fund GP, Marron & Associates, LLC ("Marron & Associates") may also be deemed to share voting and/or dispositive power over such securities. As the managing member of Marron & Associates, Mr. Donald B. Marron may also be deemed to share voting and/or dispositive power over such securities. However, each of Lightyear Fund GP, Marron & Associates and Mr. Donald B. Marron disclaims beneficial ownership of the stock held by The Lightyear Fund and Co-Invest, except to the extent of its or his pecuniary interest in such shares of stock. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. See response to Item 4 above. Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 19458M 10 8 Page 9 of 15 Item 10. Certification. Not applicable. CUSIP No. 19458M 10 8 Page 10 of 15 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 14, 2005 THE LIGHTYEAR FUND, L.P. By: Lightyear Fund GP, LLC, its general partner By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron LIGHTYEAR CO-INVEST PARTNERSHIP, L.P. By: Lightyear Fund GP, LLC, its general partner By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron LIGHTYEAR FUND GP, LLC By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron CUSIP No. 19458M 10 8 Page 11 of 15 MARRON & ASSOCIATES, LLC By: /s/ Timothy Kacani --------------------------------------- Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron DONALD B. MARRON, an individual /s/ Timothy Kacani --------------------------------------------- Timothy Kacani, Attorney-in-Fact CUSIP No. 19458M 10 8 Page 12 of 15 EXHIBIT INDEX Exhibit - ------- Exhibit A Joint Filing Agreement Exhibit B Reference to Timothy Kacani as Attorney-in-Fact CUSIP No. 19458M 10 8 Page 13 of 15 Exhibit A JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(K)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. DATED: February 14, 2005 THE LIGHTYEAR FUND, L.P. By: Lightyear Fund GP, LLC, its general partner By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron LIGHTYEAR CO-INVEST PARTNERSHIP, L.P. By: Lightyear Fund GP, LLC, its general partner By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron CUSIP No. 19458M 10 8 Page 14 of 15 LIGHTYEAR FUND GP, LLC By: Marron & Associates, LLC, its sole member By: /s/ Timothy Kacani ------------------------------ Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron MARRON & ASSOCIATES, LLC By: /s/ Timothy Kacani ------------------------------- Name: Timothy Kacani, Attorney-in-Fact for Donald B. Marron DONALD B. MARRON, an individual /s/ Timothy Kacani ------------------------------------------ Timothy Kacani, Attorney-in-Fact CUSIP No. 19458M 10 8 Page 15 of 15 Exhibit B LIMITED POWER OF ATTORNEY Know all men by these presents that Donald B. Marron does hereby make, constitute and appoint Timothy Kacani as a true and lawful attorney-in-fact of the undersigned with full powers of substitution and revocation, for and in the name, place and stead of the undersigned in the undersigned's individual capacity and as managing member of Marron & Associates, LLC, for which the undersigned is authorized to sign, to execute and deliver such forms as may be required to be filed from time to time with the Securities and Exchange commission with respect to: (i) Sections 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended (the "Act"), including without limitation, Schedule 13D, Schedule 13G, statements on Form 3, Form 4 and Form 5 and (ii) in connection with any applications for EDGAR access codes, including without limitation the Form ID. /s/ Donald B. Marron - ----------------------------- Name: Donald B. Marron Date: February 11, 2005 -----END PRIVACY-ENHANCED MESSAGE-----