Looked at my portfolio this weekend and it’s still pretty plain: \~70% broad equity ETFs, \~25% bond funds, rest is random stuff I don’t really track. Then I stumbled on [this piece](https://altswire.com/alts-fundraising-nears-200-billion-in-2025-credit-strategies-dominate/) on AltsWire saying alts fundraising is getting close to 200B this year and most of the money is going into credit strategies. Not just listed private credit funds, but all the illiquid things – interval funds, non-traded BDCs, private placements, etc. When you see tens of billions flowing there year after year, it stops feeling like some niche side quest.
I actually had one call with an advisor last year who tried to put me into a credit-focused interval fund with quarterly liquidity, 5k minimum, targeting high single-digit net. Looked at the stack of docs (80+ pages), closed the tab, went back to my cheap bond ETF and never followed up. Meanwhile I keep hearing about people carving out 5–10% from their bond sleeve and dropping it into some private credit thing that doesn’t mark to market daily but spits out cash every quarter. I just stayed in “keep it simple” mode by inertia, not because I have some strong conviction.