Explore
Morningstar logo
  • Data, Analytics & Research
  • Credit Ratings
  • Indexes
  • Investment Management & Services
View All Capabilities
Product Groupings
  • Direct Platform
  • Sustainalytics
  • PitchBook
  • Regulatory Solutions
  • Corporate Credit Analytics
  • Morningstar AI Solutions
Products
  • Morningstar Direct
  • Direct Advisory Suite
  • Morningstar Retirement Manager
  • DBRS Credit Ratings
  • Morningstar Investor
  • ByAllAccounts
View All Products
  • Advisors and Wealth Managers
  • Asset Managers
  • Institutional Investors
  • Individual Investors
  • Fintechs
By Type
  • Research Library
  • Blog
  • Client Success Stories
  • Webinars
  • Videos
By Theme
  • Artificial Intelligence
  • Public/Private Convergence
  • Risk
  • Regulation
View All Insights
  • Conferences
  • Morningstar Global Insights
  • Morningstar Awards
View All Events
Select Region
  • Australia / English
  • United Kingdom / English
  • United States / English
Morningstar logo
  1. Home
  2. Insights
  3. Semiliquid Funds

Semiliquid funds insights

Semiliquid funds are rapidly becoming a key gateway to private markets for wealth management investors. 

Access Morningstar's latest research on interval funds, tender-offer funds, nontraded BDCs, and other evergreen structures, including analysis of fees, liquidity, leverage, and investor outcomes. Understand the benefits and risks of these vehicles and learn how they fit within broader portfolio strategies. 

Showing 1 to 12 out of 33
On Sept. 29, learn how leading firms are using data and insights to engage advisors and position their products for success in an increasingly competitive environment.
Webinar
45 mins

Register Now: Private Markets Growth - Data-Driven Distribution Strategies for Asset Managers

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

The Rise of Evergreen Funds: A New Way to Access Private Markets

What advisors asked about semiliquid funds, and Morningstar strategist’s answers.
Blog
4 mins

A Closer Look at the Risks and Rewards of Semiliquid Funds

Morningstar’s new cost estimates help investors navigate semiliquid fund fees with greater clarity and consistency.
Blog
5 mins

Introducing Morningstar’s Semiliquid Fund Cost Estimates

Join Brian Moriarty, Jack Shannon, and Jason Kephart for an in-depth discussion of the shift in assets under management from private credit to private equity and venture capital.
Webinar
60 mins

Insights From The State of Semiliquid Funds 2026

The term semiliquid emphasizes liquidity, while evergreen emphasizes a fund’s structure and lifespan.
Blog
5 mins

Are Semiliquid Funds the Same as Evergreen Funds?

Insights from Morningstar on how considerations can vary across investors, advisors, institutions, and retirement plan sponsors.
Research
20 mins

Private Market Allocation in Practice

The semiliquid fund market is nearing $600 billion in assets, but its growth has come with important lessons.
Research
36 mins

The State of Semiliquid Funds 2026

What investors need to know about overlap, risk, and liquidity.
Blog
5 mins

How “Private” Are Private Market Funds?

Uncover more about semiliquid private portfolios. Learn how overlaps, fees, and software exposure impact portfolio performance in our latest report.
Research

Understanding Semiliquid Private Portfolios

Blog
4 mins

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

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

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

Morningstar logo in white
  • Capabilities
  • Data, Analytics & Research
  • Credit Ratings
  • Indexes
  • Investment Management & Services
  • Our Company
  • About Us
  • Leadership
  • Careers
  • Culture
  • Sustainability
  • Newsroom
  • Investor Relations
  • Products
  • Morningstar Direct
  • PitchBook
  • Direct Advisory Suite
  • Sustainalytics
  • Morningstar Retirement Manager
  • DBRS Credit Ratings
  • Credit Analytics
  • Morningstar Investor
  • Connect
  • Contact
  • Linkedin
  • X
  • Facebook
  • Instagram
Morningstar logo in white
© Copyright 2026 Morningstar, Inc. All rights reserved.
  • Terms and Conditions
  • Privacy
  • Disclosures
  • Trademarks
  • Accessibility