In a 'higher for longer' interest rate environment, many institutional clients want to shift parts of their 60/40 portfolio into Private Credit. How does adding Private Credit alter the risk/return profile of the portfolio, and what underlying risks are they taking?

在当前长期高息（Higher for longer）的环境下，许多机构客户想把传统的60/40股债组合转一部分到私募信贷（Private Credit）。你觉得加入私募信贷会如何改变组合的风险收益特征？客户在承担什么潜在风险？