Private Markets

Here’s what to know about the updated semiliquid fund rating methodology and its impact on our ratings.

These risks in semiliquid private credit funds are rarely part of the conversation.

PE-backed software direct lending deals are declining, with a few key exceptions.

Fidelity Contrafund’s Will Danoff explains why his team looks beyond public stocks and tells the story behind its investment in a drone-delivery company.

Nontraded REITs can look deceptively straightforward. Here are 4 things investors need to know.

Large corporates will be affected next through refinance and earnings cycles.

Higher capital costs come on top of the threat of AI, an exit bottleneck, and damped investor appetite.

The author of Morningstar’s Mind the Gap research on why investors can benefit from simpler portfolios, less trading, and avoiding the temptation to chase performance.

AI stocks are among the most vulnerable to higher bond yields, one analyst says. Plus, are investment bank stocks a buy?

Morningstar’s new cost estimates standardize semiliquid fund fees, making apples-to-apples comparisons possible.

What private credit fund investors should know about payment-in-kind.

Improving performance and attractive tax benefits have the asset class on the upswing, but some funds are still challenged by liquidity issues.

Private market managers’ share prices are down while the value of private assets is up in 2026. What gives?

Going once, going twice, sold! The first interval fund auction is set to kick off on Aug. 28.

Morningstar’s Jeff Ptak weighs in on private markets, thematic ETFs, and crypto. As for private assets in 401(k)s, he’s not mincing words: ‘I hate it.’