Public & Private Market Data Insights | Portfolio Strategies | Morningstar

Where data speaks public and private markets

The demand for transparent, data-driven insights has never been higher now that private investments are accessible to a broader range of investors. From interval funds to real estate investment trusts, semiliquid funds are available to diversify portfolios that traditionally featured public equities and fixed-income vehicles.

Below, our researchers and analysts share their perspective on the value and risks of private market exposure in investment portfolios.

They make private markets more accessible, but are they worth the price tag?

What Semiliquid Funds Get Right (and Wrong) About Portfolio Construction

They make private markets more accessible, but are they worth the price tag?

Evergreen Funds: The Vehicle Behind the $1 Trillion Private Market Boom

Investors are pouring money into these funds, but returns vary widely across investment vehicles.

Small-Cap Stocks Should Reward Investors for Risk. So Why Don't They?

The growth of private markets may be sapping public markets of fresh capital and investment opportunities.

Unicorns and the Growth of Private Markets

The rise of highly valued startups is reshaping global private markets, driving innovation, and redefining investment opportunities.

All Public and Private Convergence Insights

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Semiliquid Funds in APAC: Access, Liquidity, and Potential Trade-Offs

Explore how private assets can be thoughtfully implemented in DC plans, with insights on structure, liquidity, and manager selection.

Don't Go It Alone: Collaboration Matters When Implementing Private Assets in Defined-Contribution Plans

Learn about the latest trends and developments in the rapidly expanding landscape of LTAF, a market that is still navigating its retail presence.

LTAF Landscape: A Growing Market, Still Finding Its Retail Footing

The Evolution of ELTIFs: What Advisors Need to Know in 2026

How asset-class correlations stack up amid higher interest rates, inflation, and the economic uncertainties of 2026.

Diversification Landscape: Building Diversified Portfolios

They make private markets more accessible, but are they worth the price tag?

What Semiliquid Funds Get Right (and Wrong) About Portfolio Construction

Investors are pouring money into these funds, but returns vary widely across investment vehicles.

Evergreen Funds: The Vehicle Behind the $1 Trillion Private Market Boom

Asset managers and fund companies are unlocking investor access to this previously uncharted territory.

Semiliquid Funds Are Surging. What Do You Need to Know About Them?

Kunal Kapoor’s 2025 Letter to Shareholders

The US evergreen fund market is poised to reach a $1 trillion valuation by the end of the decade. Use the Morningstar PitchBook US Evergreen Fund Indexes to explore market trends, regulatory shifts, and opportunities.

US Evergreen Fund Landscape: Trends and Analysis for Q1 2026

Private markets are no longer the exclusive domain of institutional giants. Discover their mechanics and trade-offs.

The Role of Semiliquid Funds in Portfolios

Incentive fee structures rarely reward investment skill and often simply incentivize risk-taking.

Incentive Fees in Semiliquid Funds: Irregularly Disclosed, Regularly Collected

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