155. Lloyd Lee, A Blessed Life and Real Estate Private Equity
Release Date: 12/01/2025
The 92 Report
Show Notes: Elijah Siegler recalls the day of graduation on June 5, 1992, and the prominent promotion of the movie Patriot Games, which seemed at the time an ominous omen, as graduates began to navigate their post-grad journey. Elijah shares his advice to his kids and students: "You don't need to have your whole life post-college figured out. You just need one cool thing lined up, and that'll lead to another cool thing." Elijah describes his first post-graduation job as the editor of the Greece and Turkey book for Let's Go travel guides, which he found out about due to a last-minute...
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Show Notes: Tobey Weintraub Collins pursued a master's degree in international relations at Georgetown, where she met her husband who joined the US Foreign Service. Tobey worked in project finance in Brazil and Venezuela, focusing on energy projects, and later worked for AES Corp in the US and Chile. She eventually moved back to the US and has been at Astris for the past 13 years, specializing in energy and infrastructure investment banking. Life in Venezuela Tobey describes Venezuela in 2000-2001 as relatively normal, with the US still influential, and her work focused on Central America and...
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Show Notes: Josh Morgerman describes his initial move to LA to work in the movie industry, which didn't work out. He then started a web design company called Symblaze in the late 90s, which survived the dot-com crash by expanding to Eastern Europe and working with Russia and Eastern Bloc countries while living in Prague. Josh shares his dual passion for weather and advertising, leading to a career as a hurricane chaser while still running Symblaze. A Pivotal Moment in the Philippines Josh explains his obsession with violent weather and how he started hunting hurricanes more...
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Show Notes: Allain Roy shares that he left Harvard to become a professional hockey player, signing his first NHL contract out of college. He recalls winning the national championship in 1989 and the team's tradition of reuniting every 10 years. Al mentions attending Coach Clear's 90th birthday celebration and running into former teammates, Tim Burke, Kevin Sneddon, Rich DeFreitas, Brian McCormack and Greg Hess, along with Chuck Hughes at Harvard games. Participating in the 1994 Olympics Al discusses turning down an offer to play in Moscow before graduation and signing with the Winnipeg Jets....
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Show Notes: Noah Feldman, Harvard Law professor, author, and ethical advisor talks about his career in constitutional law and his experiences in Iraq and Tunisia, sharing stories from his time guiding, and in some cases, establishing, the law of countries in turmoil or collapse. He also talks about the themes explored in his books and current pursuits. Real World Projects in Constitutional Law Noah describes his academic journey, starting from his early love for school and his decision to pursue academia full-time, with brief interruptions for real-world projects. He shares his...
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Show Notes Ted Caplow graduated with a degree in social science and has had a career in engineering and entrepreneurship. He describes his initial interest in science and his experience with physics at Harvard, which he found challenging. Ted shares his interest in humanities, particularly theater, and his involvement in various theater activities at Harvard. He discusses his consideration of theater conservatory programs and urban planning after graduation. Joining the Peace Corps and Sailing across the Atlantic Ted recounts his application to the Peace Corps and the unexpected...
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Show Notes: Lloyd opens the conversation by talking about the infinite opportunities at Harvard and encourages incoming freshmen to make the most of their time there. Lloyd shares his initial plan to study pre-med but also pursued fine arts, specifically architecture, and theater work. He mentions meeting Professor James Stilgoe at the Graduate School of Design, which opened his eyes to opportunities beyond STEM. From Cornell to New York City Lloyd discusses his decision to attend Cornell and his subsequent move to New York City. He had two job offers: working at Disney or a consulting firm,...
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Show Notes: Trisha Pérez Kennealy describes her initial stint in New York in commercial banking, followed by investment banking and studying to become a chef at Le Cordon Bleu in London, where she lived for three years. She moved back to the United States, settling in Lexington. She has three children and while they were little, she was active in town meetings, became a town official, and advocated for public education. In 2010, Trisha bought a property near the Battle Green in Lexington and converted it into a luxury hotel with 22 guest rooms and a restaurant. It opened in 2014...
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Rana Dershowitz went straight to Harvard Law School after graduating in 1992, partly due to the economy and her love for learning. She describes her experience at Harvard Law School, including her role as a law school "old timer" in Cambridge. After law school, Rana moved back to New York and started working on Wall Street, initially hating the big law environment but appreciating the people she worked with. Entertainment Law at Madison Square Garden and onto Sports Law Rana discusses her career counselor's advice to explore sports law, which she had overlooked despite her involvement in...
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Show Notes: Eugene Kim shares his post-graduation journey staying in Boston to finish research at the Dana-Farber Cancer Institute which was part of his thesis and also laid down the groundwork for his own cancer research which he has conducted over the years. He credits his understanding of science to his time at Harvard. He also worked at the now-closed Love the Border Cafe. Eugene reflects on the valuable lessons learned from working at the cafe and describes the unique subculture of the cafe's staff, including the Brazilian kitchen staff and the diverse backgrounds of the waiters and...
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Lloyd opens the conversation by talking about the infinite opportunities at Harvard and encourages incoming freshmen to make the most of their time there. Lloyd shares his initial plan to study pre-med but also pursued fine arts, specifically architecture, and theater work. He mentions meeting Professor James Stilgoe at the Graduate School of Design, which opened his eyes to opportunities beyond STEM.
From Cornell to New York City
Lloyd discusses his decision to attend Cornell and his subsequent move to New York City. He had two job offers: working at Disney or a consulting firm, but chose the consulting firm due to financial needs. Lloyd worked for a boutique workout restructuring organization in New York City and later joined Starwood Capital Group. He was asked to open the London office for Starwood Capital Group in 2001, combining his interests in architecture, finance, and real estate. He honed his skills as an investment guy over the next few years before moving into entrepreneurship.
Founding Yoo Capital
In 2010, Lloyd and his business partner founded Yoo Capital, focusing on real estate private equity. The firm aimed to be responsible and institutional in their investments, creating global iconic destinations in London. Yoo Capital has invested in various sectors, including live theaters, film and television studios, music arenas, hotels, and restaurants. The firm has also created incubator spaces for startups and supports educational programs at Imperial College London and other institutions.
About Yoo Capital
Yoo Capital has committed to contributing 50% of all housing built in central London to government affordable housing. The firm has partnerships with major names in hospitality, food, beverage, music, and entertainment. Yoo Capital's investments are considered strategic to the national interest and socially responsible. The firm ensures accessibility in their destinations, ranging from affordable to high-end options.
Professional and Personal Goals
Lloyd shares his practice of journaling since 1997, mapping out his personal and professional goals. He contributes the success of his journey to education, skills learned, and opportunity to his passions professionally. He and his wife have created an ethos to build opportunities and contribute to social value that they have impressed upon their children. Lloyd discusses the importance of setting targets and reviewing progress regularly. He emphasizes the significance of maintaining a work-life balance and involving his family in the planning process, and he explains his setting targets and weekly review process.
Challenges of Brexit and COVID-19
Lloyd recounts the challenges faced during the Brexit vote and the COVID-19 pandemic. He explains the firm's strategy of being prudent and risk-averse, often forward-selling properties to secure investments. Lloyd shares a story about forward-selling and transforming a million square feet of residential property during the recession. Lloyd describes many of the exciting rejuvenation projects that invest in both the buildings and benefit the community with housing, entertainment, art, and businesses. The firm's approach has allowed them to weather economic storms and continue growing. Lloyd also mentions what he has learned from working with theatres.
Harvard Reflections
Lloyd credits Professors James Stilgoe and Harvey Cox as influential figures in his life. He discusses how Professor Stilgoe's course on the History of the American Built Environment broadened his perspective. Lloyd appreciates Professor Cox's course on Jesus in the world, which reinforced his Christian beliefs. Both professors' teachings have shaped Lloyd's approach to business and personal life.
Guiding Beliefs at Work
Lloyd explains how his Christian beliefs guide his professional decisions and the firm's ethos. He emphasizes the importance of humility and collaboration with world-class partners. Lloyd shares how the firm's investments are rooted in creating socially responsible and accessible destinations. He highlights the significance of maintaining a moral fiber in all business dealings. Lloyd discusses the firm's future plans, including expanding their investments in central London. He mentions ongoing projects like the Camden Film Quarter and the transformation of Olympia. The firm aims to continue creating iconic destinations that are both financially successful and socially responsible. Lloyd expresses his gratitude for the opportunities and challenges that have shaped his journey.
Timestamps:
04:22: Transition from Harvard to Early Career
08:53: Social Responsibility and Strategic Partnerships
12:15: Personal and Professional Growth
21:54: The Weekly Review Process
24:22: Founding Yoo Capital
32:19: Understanding the Theatre Business
43:06: Influence of Harvard Professors
Links:
Yoo Capital: https://yoocapital.com/
Olympia: https://www.olympia.co.uk/
Camden Film Quarter: https://www.camdenfilmquarter.com/
Featured Non-profit:
The featured non-profit of this week’s episode is brought to you by Elijah Aron who reports:
“Hi. I'm Elijah Aron, class of 1992. The featured non-profit of this episode of The 92 report is Earth Justice. Basically, it's an organization of lawyers who protect the planet. I like to give money to environmental causes, but I don't always understand what a lot of these big green nonprofits are actually doing with my money. But Earth justice, I totally understand. They fight court cases against corporations and sometimes the federal government on the side of the earth. You can learn more about their work@earthjustice.org Now here is Will Bachman with this week's episode.
To learn more about their work, visit: www.earthjustice.org.
*Show notes and transcript are AI generated.