In his 2025 annual letter to investors, BlackRock chairman Larry Fink wrote: “The beauty of investing in private markets isn’t about owning a particular bridge, tunnel or mid-sized company. It’s how these assets complement your stocks and bonds — diversification.”
Fink’s note highlighted three firms in the private-market space that BlackRock has acquired in recent months.
Alternative assets data provider Preqin has forecast that global private credit markets will reach $2.8 trillion in assets under management by 2028. While Canada trails behind the U.S., the trend is clear.
What are the risks?
With stocks and bonds not delivering like they used to, more investors are looking to private markets to fill the gap. But these investments come with their own challenges — liquidity, for example.
Unlike public markets, where you can buy and sell more easily,…
