William D. Cohan

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October 16, 2024

Barbarians at the Pearly Gates

Once upon a time, the LBO business was the most innovative and disruptive—and, honestly, sexy—part of Wall Street, planting the seed for the ~$6 trillion private equity market. But now that P.E. is pivoting to private credit, a new set of tools are being unleashed, and a new generation of winners and losers will be minted.