Morningstar, a provider of independent investment insights, has published a report, The State of Semiliquid Funds, offering a comprehensive examination of the investment vehicles that have emerged as a key entry point to private markets. As investor access and demand for private asset exposure become more mainstream, Morningstar’s research team delivers new data and analysis to a growing but complex space.
"Semiliquid funds have quickly become one of the most talked-about corners of the investment universe, yet definitions, data and transparency have lagged behind the headlines," said Jason Kephart, senior principal, multi-asset strategy ratings. "Our report shows that while these funds promise greater access and returns, they also bring steep fees, heavy use of leverage and liquidity limits that investors must carefully evaluate."
The report focuses on semiliquid funds accessible to investors with less than $5 million in investable assets. It covers interva
