by Peter Szekely. Peter is a founding member of TCP and sits on TCP’s board, investment committee and audit, risk and compliance committee.
- Australian and US equity markets have risen to all-time highs in 2025 despite ongoing global economic, trade and geopolitical uncertainty. However, many market commentators note that this strength has been accompanied by a growing disconnect between valuations and underlying company fundamentals, with participants increasingly cautious that share prices appear stretched.
- Investors should remain cautious of the risks in being overweight to listed equities in these uncertain times and diversify their portfolios into other asset classes with downside protections.
- Private credit loans to mid-market corporates offer attractive risk-adjusted returns while being relatively uncorrelated to the volatility of listed equities.
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