'Accidents will happen': Why NFP's piling into private markets should seek advice
Perpetual's Kyle Libdury says NFP's "really need to get specialist advice when it comes to private assets...because it's wholesale, opaque and there's no lit market".
Wealth management house Perpetual has urged not-for-profits and charities piling into private credit to seek advice.
Not for profits (NFPs) are increasingly investing in private credit mostly through wealth advisors but Perpetual Private warned that specialist advisors were needed as more due diligence was needed for private assets.
Perpetual Private chief investment officer Kyle Lidbury said NFPs were considered sophisticated investors due to the amount of capital they held but that did not mean they had the knowledge to do their own due diligence or make decisions about how much risk they should take.
Capital Brief last month reported that NFPs such as religious organisations and RSL Clubs were some of the most unusual and prolific backers of private credit.
