David Lyon

Everything David Lyon said on any show that made the record, most notable first. Each card names its show and opens the statement there.

CAPITAL ALLOCATORS Insight

Lyon: Performing Companies Quickly Refinance Expensive 16% Preferred Equity Bridges

“When you're doing straight preferreds, oftentimes they just refinance us out. You are a bridge in the structure between six and eight times, If the company does it all well, they're very quickly going to eliminate 16% money.”

David Lyon Nov 17, 2025 ▶ 58:27 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

CAPITAL ALLOCATORS Assertion Supported

Lyon: About 93% of pre-GFC CLOs generated positive equity returns

“I'm not a CLO guy, but something like 93% of the CLOs formed before the GFC had positive equity returns.”

David Lyon Nov 17, 2025 ▶ 1:05:44 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

CAPITAL ALLOCATORS Insight

Lyon: Excelling in investment banking means tolerating abuse, not great investing

“Being good at that doesn't mean you're a great investor. It means that you're good at people yelling at you. It means you're good at handling abuse and being incredibly inefficient with your time, but you thought you were efficient.”

David Lyon Nov 17, 2025 ▶ 10:45 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

CAPITAL ALLOCATORS Assertion Supported

Lyon: Unitranche borrowing costs moved from 6.25% in 2021 to around 9%

“Used to be able to borrow Unitronch back in 21 at six and a quarter percent. Now those numbers are around nine and changed today. They were 13.”

David Lyon Nov 17, 2025 ▶ 24:05 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

The other half of the tape: David Lyon's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes across the shows. every mention, with the transcript →

Who brings them up most Ted Seides 2

Every mention by year

One line per show, most statements first. The link opens David's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
CAPITAL ALLOCATORSLEDGER	Head of Capital Solutions, Neuberger Berman	1	28	83% 5/6	full record on Capital Allocators →