BNY Wealth survey: alternatives reach 60% of single family office portfolios, overtaking traditional assets

A Harris Poll study for BNY Wealth of 290 single family offices with at least US$250 million found alternatives now make up 60% of allocations, topping traditional assets for the first time. 56% plan more infrastructure exposure, AI is the top theme for a third year (68%), and redemptions at semi-liquid private credit funds flag liquidity risk.