Week Ending April 12, 2026
Private Credit Yields Hit 13.2% as Oil Rally Tests Real Assets Allocation
At a Glance
WTI Oil
$0.00
+8.4%
Gold
$0
+2.1%
REIT Index
0
-1.8%
VIX
0.0
+1.2pts
HFRI Composite
0.0
+0.3%
Strategy: expanding
Liquidity: neutral
Hedging: risk-on
Key Takeaways
Strategy: Private credit yields at 13.2% are attracting record allocations while oil rally above $114 is reshaping real assets positioning toward energy infrastructure and away from traditional REITs.
Liquidity: Secondary market discounts narrowed to 8% from 12% as institutional dry powder deployment accelerated, but liquid alt redemptions rose 15% as allocators shift to drawdown vehicles.
Hedging: VIX at 19.5 suggests normal volatility regime, but alts-equity correlation jumped to 0.72 from 0.65 as geopolitical oil premium reduces diversification benefits short-term.
Previous Issues
View all →April 5, 2026
Private Credit Dominates as Oil Surge Tests Real Assets Diversification
March 29, 2026
Private Credit Yields Rise as Secondary Discounts Signal Opportunity
March 22, 2026
Private Credit Leads as Secondaries Discount to 20% Premium
March 15, 2026
Private Credit Dominates as REITs Decline 4.2% Amid Rate Fears