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David Lyon

Head of Capital Solutions, Neuberger Berman · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorexecutivenbcapitalsolutions.com ↗

David Lyon leads Neuberger Berman’s Capital Solutions platform, originating bespoke hybrid capital and structured financing solutions for sponsor-backed companies. Earlier in his career, he worked in M&A at Goldman Sachs and held investment roles at Och-Ziff Capital Management, The Cypress Group, D. E. Shaw, and Ellis Lake Capital.

28statements → 8claims → 6claims resolved → 83%fully supported → 3.93/5average certainty → 2.57/5average debate potential → ≈4.5/5argument clarity, estimated → 2said about them ↓

5 supported 0 partly supported 1 contradicted 2 not checkable as stated how the 8 claims stand · each chip opens the sources

2 predictions · 6 assertions · 4 opinions · 15 insights · 1 disclosure · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 6 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Lyon: Private equity falsely held 2022 valuations flat despite public market plunges
“If you looked at 2022, the S&P was down 20%. The NASDAQ was down 30%. Let's say private equity lives somewhere between those two worlds. Private equity was flat for the year.”
David Lyon Nov 17, 2025 ▶ 26:51 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

Their most notable contradicted claim

Assertion Contradicted
Lyon: Top 10 PE firms raise two-thirds of all asset class capital
“The vast majority of capital being raised in private equity, I think the number is two-thirds, is the top 10 firms.”
David Lyon Nov 17, 2025 ▶ 27:20 David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
50% certainty 3
100% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Lyon on measured tape to publish a rate. This says nothing about how they speak.

Everything David Lyon said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

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)
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)
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)
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 on Capital Allocators. every mention, with the transcript →

Who brings them up most Ted Seides 2

Every mention by year

tap a year for its mentions
0011222026episodesmentions
0122026episodes it came up in
000.51122026episodesmentions per episode
2026 2 mentions in 2 episodes 1 per episode

Appearances (1)

EpisodeDateSpeaking time
David Lyon – Hybrid Capital Solutions for Private Assets (EP.471) Nov 17, 2025 55m
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