Private Credit’s Birthplace Gives New Rise to 1980s-Style Greed
The Milken Institute Global Conference in Beverly Hills on May 5.
Photographer: Patrick T. Fallon/AFP/Getty Images
For the past several years, private credit shone bright as the latest form of the “junk” debt revolution — one that began in the 1980s with Michael Milken’s Drexel Burnham Lambert and spawned a broader universe of leveraged lending.