Based on the search results, private debt as an asset class has historically performed well during market upturns compared to traditional fixed-income investments. Here are some examples:
- Higher risk-adjusted returns: Private debt as an asset class has delivered higher risk-adjusted returns compared to traditional fixed-income investments 1 2 3 .
- Lower volatility: Private debt funds have lower volatility compared to public markets, which can make them more attractive during market upturns 2 .
- Reduced correlation to public markets: Private debt funds have reduced correlation to public markets, which can make them more attractive during market upturns 2 .
- Attractive alternative for fixed income investors: Private debt offers an attractive alternative for fixed income investors who are confronting low yields, heightened market volatility, and rising interest rates 3 .
In summary, private debt as an asset class has historically performed well during market upturns compared to traditional fixed-income investments, with higher risk-adjusted returns, outperformance of benchmarks, lower volatility, reduced correlation to public markets, and being an attractive alternative for fixed income investors. However, investors should carefully consider the risks associated with private debt investments and their own investment objectives before investing in private debt funds.