Rich pickings

Both advisors and managers say there are opportunities in the retail market for illiquid products.

It’s a dilemma facing many a billionaire. Where do you turn when your investments are buffeted by volatile equity markets? Increasingly, it seems, to private credit.
After a slower 2016, fundraising in the asset class bounced back in Q1 as high-net-worth individuals and family offices increasingly found reasons to fit debt into their portfolios.