hybrid capital

3 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Dec 5, 2022 by Sachin Khajuria · across every show →

Everything said about hybrid capital, oldest first

Dec 5, 2022 bullish
Opinion
Khajuria: Hybrid capital offers top risk-adjusted returns at 15% IRR
“So right now, one of the best risk returns is in what I call hybrid capital, or some firms call it tactical opportunities, or things that have a lower possibility of default, right? The chance of losing money is lower, and perhaps you give up a bit of upside. …”
Sachin Khajuria Dec 5, 2022 ▶ 46:27 Sachin Khajuria – Two and Twenty, An Insider's Take on Private Equity (Capital Allocators, EP.285)
Nov 17, 2025 neutral
Opinion
Lyon: Distressed debt investors have rebranded themselves as capital solutions
“More and more distressed guys have pivoted to brand themselves capital solutions. Cap solutions is just hybrid capital. That's all it is. You're don't fit in a box. Traditionally, you're neither just first lien debt or equity.”
David Lyon Nov 17, 2025 ▶ 21:22 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)
Nov 17, 2025
Insight
Lyon: Giving private equity counterparties extra negotiation time guarantees you will lose
“If you give them enough time, you will lose. Every time you will lose, they will take your face and drag you through the mud and make you eat the mud.”
David Lyon Nov 17, 2025 ▶ 43:03 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)
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