The new model portfolios combine public and private market strategies with $370 billion in assets under management.
Morningstar Wealth announced a collaboration with Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to introduce a suite of public and private model portfolios. The Morningstar Public/Private Select Series will integrate asset allocation, manager research, and due diligence across public and private markets, including private credit and real estate.
The initiative leverages Morningstar Wealth’s $370 billion in assets under management, with portfolios constructed using ETFs and interval funds. The firm emphasized its focus on independent research, disciplined allocation, and transparent pricing to expand access to private markets for advisors and investors.
Morningstar CEO Kunal Kapoor stated the portfolios aim to simplify complex private market investments while maintaining a research-driven approach. The launch targets financial advisors seeking diversified, multi-manager strategies.