Private Markets

Souring loans in private credit hit a three-year high, according to PitchBook data.

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.

While not an ‘explosion of stress,’ PitchBook’s data finds that strains extend beyond software as a worrying 2028 maturity wall awaits.

Fears of overheated AI spending and rising Chinese competition could make Wall Street wary of taking new chip names public for now.

Of the roughly 5,000 companies held by BDCs at the end of March, 10.6% showed signs of credit pressure.

Collateralized fund obligations may offer a more efficient way to reshape private market risk.

What Blackstone’s earnings could reveal about private credit, and why it may matter far beyond private markets.

The retirement columnist weighs in on income annuities, investing FOMO, and the appeal of TIPS. Plus, the crisis he sees in Social Security.

Carlyle AlpInvest Private Markets earned a Bronze rating in Q2. High fees and unproven strategies held the others back.

Trillion-dollar startups force index providers into tough choices.

Asset sales, a scrapped data center mega-campus, and a debt-repaying IPO raise questions about whether the top of the market is near.

The company’s shares are now modestly undervalued, with few positive catalysts that we can see to move them off their lows.

Experts at the annual MIC dug beneath the headlines to help investors stay grounded.

The veteran Fidelity Contrafund stock-picker on why earnings drive returns, how he evaluates management teams, and what separates lasting winners from early rocket ships.

Private equity and credit should be approached in the same way as publicly traded stocks and bonds, with a focus on risks, fees, and overall portfolio outcomes, panelists say.

Beneath the surface of the semiliquids market, fees are high, and most of the funds aren’t as compelling as investors expected.

Morningstar’s Manager Research team has cast its gaze on a newer class of funds that aims to widen investors’ access to private markets. We discuss the process the team plies in doing its due diligence on these funds, their prospective risks and rewards, and the overarching objective of the team’s research—sending clear and actionable signals to investors.

As the semiliquid market approaches $600 billion in assets, understanding how funds handle liquidity, fees, and risk may be more important than ever.

Baron Partners Fund made a bundle; returns to the other funds varied.

How SpaceX, Anthropic, and OpenAI will affect the public market.