{"id":137133,"date":"2026-01-19T15:11:12","date_gmt":"2026-01-19T14:11:12","guid":{"rendered":"https:\/\/www.we-wealth.com\/?post_type=news&p=137133"},"modified":"2026-01-20T15:24:33","modified_gmt":"2026-01-20T14:24:33","slug":"investing-in-alternatives-risks-access-and-opportunities","status":"publish","type":"news","link":"https:\/\/www.we-wealth.com\/en\/news\/investing-in-alternatives-risks-access-and-opportunities","title":{"rendered":"Investing in alternatives: risks, access, and opportunities"},"content":{"rendered":"\n

Alternative investments<\/strong> are becoming an increasingly central component of private portfolios. Not because they are \u201ctrendy,\u201d but because they offer something that listed markets cannot: returns generated by the real economy<\/strong> and less dependence on daily volatility<\/strong>.<\/p>\n\n\n\n

Chiara Chimenti, chief operating and strategy officer at Yeldo<\/u><\/strong><\/a>, is convinced of this. She explains how instruments such as private debt, private equity, infrastructure, and venture capital are taking on a complementary role to traditional asset classes, mainly thanks to the illiquidity premium and the possibility of better diversification.<\/p>\n\n\n\n

Chimenti, in recent years there has been increasing talk of alternative investments, but what does this really mean and why is it so important for investors to include them in their portfolios today?<\/strong><\/h2>\n\n\n\n

Alternatives are instruments outside the listed markets<\/strong>, such as private debt, private equity, infrastructure, or venture capital. These are instruments that generate returns from real economic activities<\/strong>, not from daily stock market volatility, and this is what makes them complementary to traditional asset classes.<\/p>\n\n\n\n

Today, they are relevant both because they diversify better<\/strong>\u2014reducing exposure to public market movements\u2014but above all because they offer an illiquidity premium, as the return is linked to the nature of the underlying asset, not to daily volatility.<\/p>\n\n\n\n

The right investor<\/strong> is not the \u201cpatient\u201d one, but the one who accepts a non-deterministic horizon, i.e., durations that may extend beyond the initial forecast. And they seek returns anchored to the real economy, not market cycles.<\/p>\n\n\n\n

The issue of returns<\/strong> should not be addressed in a generic way: returns on alternatives depend on the nature of the underlying asset. A senior loan secured by real estate, a development project, or a private equity transaction have completely different risk-return profiles. For each transaction, it is important to understand what generates that return.<\/p>\n\n\n\n

One of the perceived barriers is the entry ticket. Is a lot of capital still needed to access these investments?<\/strong><\/h2>\n\n\n\n

Much less than before. European regulatory developments\u2014I am thinking of ELTIF 2.0\u2014and digitalization have lowered the barriers to entry: today, you can enter professional transactions with tickets starting at \u20ac10,000\u201325,000<\/strong>. In the alternative real estate sector, investments are typically made in income-generating properties in resilient segments such as residential, multifamily, and logistics, or in real estate developments financed through structured debt\u2014senior, whole-loan, mezzanine\u2014a rapidly expanding segment in Europe, or even real asset infrastructure related to energy and digital infrastructure.<\/p>\n\n\n\n

As for the \u201coptimal\u201d ticket, diversification is more important than the minimum threshold: 3\u20135 independent transactions are enough to build a balanced initial portfolio.<\/p>\n\n\n\n

This is the logic behind the open-ended private credit fund <\/strong>accessible through our platform: a diversified solution, built according to institutional criteria, with a minimum ticket of \u20ac100,000<\/strong> and expected double-digit returns<\/strong>.<\/p>\n\n\n\n

High returns mean higher risk: in your opinion, what are the key risks for investors?<\/strong><\/h2>\n\n\n\n

The issue of risk is central and must be addressed with a great deal of transparency.<\/p>\n\n\n\n

In \u201calternative real estate,\u201d there are three main risks<\/strong>:<\/p>\n\n\n\n