Round #59: Drexel Burnham Lambert: Godfather of Private Credit

[Pallas_Boreas]

This week's letter is a bit different, as I've primarily focused on one piece that I've wanted to write for many months. It all started when I came across the graph below on social media, which traces the roots of many of today's leading private credit firms back to Drexel Burnham Lambert.

Link: https://debtserious.substack.com/p/round-59-drexel-burnham-lambert-godfather