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Despite private market concerns, advisors and clients are undeterred
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Even as warning signs keep popping up around private credit, a new survey suggests advisors are becoming only more eager for ways to move clients into alternative assets.
Some see private equity, private credit, private real estate and similar investments as ways to juice clients' returns and diversify portfolios made up mostly of stocks and bonds.
Others, though, worry about private investments' often high costs, lack of transparency and barriers to divestment.
Private credit sounds alarm bellsAnxieties about alts have swirled particularly around private credit, which involves loans made outside the regular banking system to heavily indebted companies.
That lagged behind advisors planning to put more clients in private equity (64% of the respondents) and private real estate (50%).