Big investors are trading private credit gains for infrastructure bets. Here's where else they're putting money.

A data center in Vernon, CA Mario Tama/Getty Images Private credit's share of institutional portfolios has fallen, according to a report. Canoe Intelligence found that only infrastructure had net inflows from institutions in Q4 2025. Hedge funds and venture capital also gained a share of institutional investors' portfolios. Private credit, just recently one of the hottest asset classes for institutional investors to park their money, is losing ground to other strategies, according to a new...