Why the ultrawealthy are beating the crowd to one of 2025's big investment trends: private credit

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• Family offices are turning to private credit for equity-like risk returns.
• It's gaining momentum as a hedge against stocks and a slowing private equity market.
• Private credit offers flexible lending but carries risks like high leverage and tax burdens.

Wall Street sells what's hot. So, it's no secret that private credit is now the flavor du jour, said Paul Karger, co-founder and managing partner at TwinFocus...