The world's super-rich may be re-examining their investment strategy in response to rising economic uncertainty and geopolitical tensions. A new report from BlackRock (NYSE: BLK) indicates that they have developed an affinity for private credit offerings.
"They (the super-rich) are diversifying their exposure within private markets. While allocations used to be primarily into private equity growth, now what you see is high interest in private credit, the beginning of interest in infrastructure," said Armando Senra, head of the Americas institutional business at BlackRock.
