Private credit is becoming a more familiar part of the wealth conversation as HNIs look beyond traditional fixed-income products for income and diversification. The attraction is understandable, but so is the caution, especially when markets are being pulled in several directions.
The growing interest in private credit comes at a time when HNIs are reassessing portfolio construction amid shifting equity valuations, foreign fund flows and interest-rate expectations. But the prospect of higher returns makes risk assessment critical, particularly when it comes to the borrower, deal structure and downside protection.
