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The new kings of Wall Street are not banks. Private funds fuel American businesses.
The new kings of Wall Street are not banks. Private funds fuel American businesses.
Hyland Software, an Ohio-based business software company, relied on Credit Suisse for years to secure billions of dollars in loans. After the Swiss bank collapsed in March, Hyland changed lanes and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others specializing in a well-known Wall Street craze under the name of “private credit”.
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