
BlackRock Says Super-Rich Want Private Credit as PE Returns Lag
Family offices want more of the private credit boom.
More than half of 175 family offices around the world are optimistic about private credit and almost one-third said they intend to increase allocations to the asset this year, the most of any type of alternative investment, according to a survey released Tuesday by BlackRock Inc. The super-wealthy also are increasingly bullish about infrastructure investing, with 30% saying they plan to commit more of their money to the market.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Citi sees gold below $3,000 after Q3 2025 on weak demand, growth optimism
(Reuters) -Citi lowered its short-term and long-term price targets for gold, projecting prices could drop below $3,000 per ounce by late 2025 or early 2026, driven by declining investment demand and an improving global growth outlook, the bank said in a note dated Monday. The bank revised its 0-3 month and 6-12 month gold price targets to $3,300 per ounce from $3,500 and $2,800 per ounce from $3,000, respectively. Gold prices are expected to continue consolidating between $3,100-$3,500 per ounce in the third quarter in the bank's base case, supported by geopolitical risks, potential U.S. tariff policy changes, and U.S. budget concerns, before a downward trend begins, Citi noted. "We see investment demand for gold abating in late 2025 and 2026, as ultimately, we see the President Trump popularity and US growth 'put' kicking in, especially as the US mid-terms come into focus," Citi said in a note. Gold could return to around $2,500-$2,700/oz by the second half of 2026, the bank said. In Citi's bullish case scenario, gold prices could exceed $3,500/oz in the third quarter on stronger hedging and investment demand amid U.S. economic and geopolitical tensions. While in bank's bearish case prices could fall below $3,000/oz as tariff disputes are resolved, geopolitical risks ease, and the U.S. economy avoids a hard landing, though emerging market central bank buying could keep prices elevated. However, Citi assigned only 20% probability to their bullish and bearish case each. In contrast to gold's cautious outlook, Citi forecast silver prices to rise to $40 per ounce over the next 6-12 months, driven by tightening availability and robust demand. Silver could potentially reach $46 per ounce by the third quarter of 2025 in a bullish scenario, bolstered by a quicker resolution to the U.S.-China trade war and hawkish Federal Reserve policy, the bank added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
36 minutes ago
- Yahoo
German defence start-up Helsing raises 600 million euros in latest investment round
BERLIN (Reuters) -German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday. The latest investment round has raised Helsing's value to $12 billion, the Financial Times reported on Tuesday, citing people familiar with the matter. This positions the start-up among the top five private tech companies in Europe, the FT added. The investment round was lead by Prima Materia, an investment company founded by Ek and Spotify investor Shakil Khan, which doubled its investment in the firm. Other investors included Lightspeed Ventures, Accel, Plural, General Catalyst and SAAB, Helsing said in a statement. The Munich-based defence start-up, which specializes in AI software and is moving to produce its own drones, aircraft and submarines, hopes to benefit from governments ramping up defence spending amid rising geopolitical tensions. ($1 = 0.8654 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
36 minutes ago
- Yahoo
Goldman Sachs Raises Starbucks (SBUX) PT to $95, Turnaround Strategy Gains Clarity
Starbucks Corporation (NASDAQ:SBUX) is one of the best stocks to buy for beginners now. On June 12, Goldman Sachs analysts, led by Christine Cho, adjusted the price target for Starbucks from $85 to $95, while keeping a Neutral rating on the shares. Goldman Sachs is encouraged by the increased clarity regarding Starbucks' turnaround strategy, particularly the faster-than-expected rollout of the Green Apron service model in its US stores. The company's CEO, Laxman Narasimhan, emphasized the company's progress in its 'Back to Starbucks' turnaround plan and cited smoother store operations, deeper customer engagement, and a long-term setup in China, where comparable sales were flat. However, Christine Cho prefers to stay on the sidelines and believes that it will take time for these initiatives to translate into profit growth. A barista pouring freshly brewed coffee from an espresso machine to a cup in a bustling cafe. The adjustment followed Starbucks' Q2 2025 comparable sales fell short of expectations. Global comparable sales dropped 1%, with North American sales down 1% and US units down 2%, partially offset by higher average tickets. Despite traffic challenges, the company added 213 stores and brought its global total to 40,789. Starbucks Corporation (NASDAQ:SBUX) is a roaster, marketer, and retailer of coffee worldwide. The company operates through 3 segments: North America, International, and Channel Development. While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data