The Globe and Mail reports in its Wednesday edition that when Tim Burke was looking at alternative investments from Wealthsimple last November, he had no interest in the on-line financial platform's private credit fund. The Globe's Andrew Galbraith writes that the Newcastle, Ont., engineer is familiar with private equity, which he sees as a "healthy" way to invest capital. But he has a dim view of private credit -- non-bank lending to companies -- which he sees as combining high risk with weaker performance. Convinced by Wealthsimple's case for its private equity fund, Mr. Burke sold some stock holdings and invested the minimum $10,000. So it came as a shock when an e-mail from Wealthsimple informed him it was "automatically updating" his private equity investment into its new Private Market Fund, combining equity, credit and infrastructure assets. "It was surprising to see that, given that they made a big deal out of separating private equity and private credit at the start," he said. Wealthsimple's fund change comes amid increased scrutiny around access to private market investments, which have typically been restricted to institutions and accredited investors -- those who meet high income or asset requirements.