Morningstar launches Public/Private Select Series

Morningstar DBRS, through its Morningstar DBRS Wealth division, has announced a collaboration with Apollo Global Management, Franklin Templeton, and JPMorgan Chase — JPMorgan Asset Management Holdings to launch the Morningstar DBRS Public/Private Select Series. This new suite of model portfolios is designed to provide financial advisors with a research-driven method to access private markets, integrating both public and private market strategies. The portfolios will be constructed using ETFs and interval funds, offering six risk-based options with transparent pricing and accessible minimums. The initiative aims to democratize access to private markets, which have historically been limited to institutional and ultra-high-net-worth investors, by addressing implementation challenges such as liquidity constraints and valuation timing. The initial models will allocate approximately 12-20% to private credit and real estate through interval funds.