Private debt will keep your portfolio on an even keel in turbulent times by adding the necessary ballast to provide the capital security that other assets cannot deliver. When peaceful trade and stable inflation are the norm, investors can use long duration debt and equity to provide adequate return without fearing their portfolios will capsize. Today, investors face the opposite scenario in which the Ukraine war, amongst other factors, is driving economic turbulence and high inflation. In these unsettled VUCA conditions, private debt can offer short duration with a focus on capital preservation. Its characteristics – including floating rates, strong governance, and low correlation with public markets – all work to ensure smooth sailing and a silver lining for investors in the form of consistent, risk-adjusted returns and income. - Watch Metrics Credit Partners' Andrew Lockhart and earn 0.50 CE/CPD hrs on Portfolio Construction Forum.