Episode
Capital Solutions: A Flexible Response to Private Equity's Exit Problem
- Published
- Jun 8, 2026
- Duration seconds
- 1587
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Summary
Private credit headlines have been anxiety-inducing — but not all corners of private markets face the same pressures. Roughly $4 trillion in equity investments remain inside private equity funds awaiting exits, many acquired at elevated valuations during the low-rate era. For providers of scaled, flexible capital that sits between traditional debt and equity, that pressure creates opportunity. On this episode of Disruptive Forces, host Anu Rajakumar speaks with David Lyon, Managing Director and Head of Capital Solutions at Neuberger, who oversees approximately $10 billion in assets. Together, they discuss: What Capital Solutions is, and what it is not Why the panic around private credit and BDCs may be overstated How AI uncertainty is reshaping software valuations but has yet to trigger widespread defaults What separates hybrid capital from continuation vehicles and distressed investing Where the real opportunities sit for sponsors under pressure to generate DPI What investors should demand from managers in the hybrid capital space This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an inv…