What about "private debt"? My financial advisor (fiduciary) is offering (not pushing, just offering) some options to diversify some of my portfolio into "private debt".
This is one of the samples he gave me as an example.
[https://www.cliffwaterfunds.com/celfx](https://www.cliffwaterfunds.com/celfx)
It looks like my advisor firm has enough investors in this particular fund (among other similar ones) to allow clients to get into some of these "large minimum investment" funds.
It looks like the minimum for me would be around 50K, but I could invest as much as 200K if I wanted to go big in this asset class.
For reference - 60m, married, $4M under investment (retirement funds plus brokerages), no debt. Just a tech guy coasting at work until retirement next year.
I've never heard of this before - I don't want to go anywhere near the evil that is private equity, but has anyone heard of this private debt thing before?
It almost looks too good to be true. High returns, low volatility. The drawback is that once invested, there are only 2 (or 4 depending on the fund) windows each year when you can withdraw money from the fund.