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Story by Olivia Fishlow #privatecredit #directlending #BDCs Liquid Credits Wobbles Are Good for Private Lenders, Ares Says bloomberg.com To view or add a comment, sign in My journey through Michael Gattos credit inverstors handbook Chapter 1 discusses: Reflection on Michael Milkens prosecution as he impulses trading of non investment grade bonds in the 1980s fueling the rise of leveraged buyouts The positive impact that the high yield bond market generated on the economy through increased capital availability, economic growth, new opportunities for investors (including opportunities arising from credit cycles) The formation of trading desks and inclusion of non bank investors in the high yield bond/leveraged loan asset class resulting in the creation of the distressed market
Soon, every French existentialist was plucking cigarettes from Jacnos blue pack
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