Morningstar Roundtable: Semiliquid Funds in Today's Private Market Landscape

In this press-only roundtable moderated by Laura Lutton, Jason Kephart, Jack Shannon, and Brian Moriarty will share fresh insights from Morningstar's State of Semiliquid Funds. The discussion will explore the push to broaden access to private markets, the rise of private credit, and what recent market stress has revealed about liquidity and redemption risk. The panel will also share insights on whether these vehicles are delivering on the promise of higher returns — or introducing new complexities around valuation, fees, and portfolio overlap — and what these dynamics could mean for long-term investors, including retirement portfolios.