In this interview, Alejandra Muguiro, Director at Klarphos, a European asset manager serving institutional clients across alternative assets, shares how family offices can gain a strategic edge by integrating private debt alongside private equity.
For Klarphos, the combination of these two asset classes offers a powerful balance of risk and return. Private debt spans a wide spectrum—from low to mid single-digit returns, up to yields that can rival private equity. Family offices, in particular, are increasingly drawn to that middle ground: aiming for solid returns while maintaining diversified exposure.
Private debt also brings stability to portfolios through predictable cash flows. It acts as an all-weather strategy, helping to buffer the potential volatility often associated with private equity. As market conditions evolve, this complementary approach offers resilience, consistency, and meaningful long-term value.
