Morningstar Partners with Apollo and Others to Launch Public/Private Portfolios
Morningstar (MORN) announced that its Morningstar Wealth division is working with Apollo (APO), Franklin Templeton (BEN) and J.P. Morgan Asset Management (JPM) to launch a suite of public/private model portfolios that give financial advisors a single, research-driven way to access private markets. The company said, "Morningstar Public/Private Select Series will bring together: Morningstar Wealth's asset allocation, manager research, and due diligence rigor; Public market strategies from Franklin Templeton and J.P. Morgan Asset Management; Private market strategies from Apollo and Franklin Templeton, spanning private credit and real estate...The portfolios will be constructed with ETFs and interval funds to make private markets usable in individual investor portfolios, offering: Six risk-based portfolios, ranging from capital preservation to aggressive growth; Public and private exposures integrated into a single asset allocation Transparent, competitive pricing, including no overlay fees; Accessible minimums, expanding access beyond traditional institutional investors; By packaging private market exposure within a diversified model, Morningstar Wealth aims to remove the burden of sourcing, sizing, and managing liquidity, allowing advisors to focus on client needs rather than portfolio construction. The initial models will include exposure to private credit and real estate through interval funds ranging approximately between 12-20% of the models' allocation, depending on risk profile and current market opportunity."
