Keep pulling the thread on David Lyon.
In 2022, private equity valuations were reported as flat for the year, in contrast to the S&P 500 and NASDAQ which were down 20% and 30% respectively.
The Capital Solutions funds at Neuberger Berman aim for a portfolio size of 25 to 30 investments for diversification.
David Lyon's Capital Solutions group at Neuberger Berman has completed 51 transactions and has not yet had to write off an investment.
David Lyon believes the worst market environment for his hybrid capital strategy was in 2021, due to low interest rates and a booming IPO market that reduced demand for alternative financing.
The Capital Solutions group at Neuberger Berman, led by David Lyon, oversees $10 billion of assets.
The Capital Solutions group at Neuberger Berman deploys $2 to $3 billion each year.
Neuberger Berman is an asset manager with approximately $500 billion in assets under management.
Neuberger Berman's alternatives business manages approximately $150 billion in assets.
The private equity platform at Neuberger Berman invests $5 to $6 billion annually.
Approximately half of the deals done by David Lyon's Capital Solutions group at Neuberger Berman are to provide junior capital for large M&A transactions.
Approximately 35-40% of the deals done by David Lyon's Capital Solutions group at Neuberger Berman are "return of capital" or "DPI" transactions for private equity sponsors.
The Capital Solutions funds managed by David Lyon at Neuberger Berman are structured as private equity-like drawdown vehicles and do not use third-party leverage.