Key Takeaways
- • BlackRock research finds the world's super-rich are increasingly drawn to private credit for portfolio diversification and the potential for higher yields than public fixed income, per coverage of the firm's survey.
- • Wealthy investors' appetite for private equity is reportedly cooling as PE returns lag, according to the headline framing of the Bloomberg story.
- • Around 30% of surveyed super-wealthy investors said they plan to commit more capital to infrastructure investing, according to BlackRock-cited research.
- • Over three-quarters of family offices said they preferred long-short equity hedge funds in BlackRock's research, a survey conducted in July of an earlier year.
- • BlackRock CEO Larry Fink's chairman's letter ties private credit and infrastructure to the firm's goal of raising $400 billion in private markets by 2030.
Summary
BlackRock's research indicates that the world's super-rich are increasingly allocating toward private credit, which the firm and Bloomberg describe as offering portfolio diversification and the possibility of higher yields than comparable public-market investments. The findings, as summarized in Bloomberg's coverage, frame private credit as gaining ground at the same time private equity returns are lagging expectations among this investor cohort.
The same research shows growing enthusiasm for infrastructure. Roughly 30% of the surveyed super-wealthy respondents said they plan to commit more of their money to infrastructure investing, according to the coverage of the BlackRock findings.
Separate BlackRock research cited in publisher coverage found that more than three-quarters of family offices preferred long-short equity hedge funds. That survey was conducted in July of a prior year and should not be read as a current data point.
BlackRock CEO Larry Fink has repeatedly emphasized these themes. In his annual chairman's letter, he linked the firm's investments in infrastructure, private credit and alternatives-to-wealth distribution to its ambition to raise $400 billion in private markets by 2030. Fink has also publicly described infrastructure investing as entering a "golden age."
Note: the original Bloomberg article could not be retrieved, so this summary relies on headlines and snippets from the publisher and related coverage. Specific survey sample sizes and methodology were not available.
The same research shows growing enthusiasm for infrastructure. Roughly 30% of the surveyed super-wealthy respondents said they plan to commit more of their money to infrastructure investing, according to the coverage of the BlackRock findings.
Separate BlackRock research cited in publisher coverage found that more than three-quarters of family offices preferred long-short equity hedge funds. That survey was conducted in July of a prior year and should not be read as a current data point.
BlackRock CEO Larry Fink has repeatedly emphasized these themes. In his annual chairman's letter, he linked the firm's investments in infrastructure, private credit and alternatives-to-wealth distribution to its ambition to raise $400 billion in private markets by 2030. Fink has also publicly described infrastructure investing as entering a "golden age."
Note: the original Bloomberg article could not be retrieved, so this summary relies on headlines and snippets from the publisher and related coverage. Specific survey sample sizes and methodology were not available.
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