Investors who think of alternatives as synonymous with hedge funds, risk, and volatility had best think again—especially if generating income is a primary goal. The truth, mainly known to high-net-worth individuals and their financial advisors, is that alternatives can fit well as part of a fixed-income allocation. In fact, one of the best reasons to turn to “alts” in the past year was for income.
Private credit—the most popular alternative-asset class for this purpose—private real estate, and infrastructure funds have delivered…
