Not sure if "lightweight" counts when talking about a mainframe, but when first encountering Solaris zones they seemed equivalent to LPAR's in the mainframe world.
Yes, there are LPARs, but we were discussing software-based virtualisation. LPARs are more partitioning than virtualization which is very different from a multi-tenancy perspective.
The equivalent to LPARs in the Solaris world would be LDOMs on SPARC.
The equivalent to LPARs in the Solaris world would be LDOMs on SPARC.