As investors flocked to private credit in the past decade, many of the beneficiaries have been those with roots in the industry dating back to some of the most storied firms before the financial crisis. Two of these stand out: Goldman Sachs and the defunct investment bank Drexel Burnham Lambert.
DOWNLOAD: Goldman and Drexel, the firms that spawned the private credit giants
The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.
