Morningstar's 2026 Global Outlook Report identifies private markets as the next frontier in portfolio construction, with semiliquid fund assets reaching nearly $450 billion through June 2025—up 77% since 2022—as new vehicle structures and regulatory support make private equity, credit, and real assets accessible to individual investors and retirement plans for the first time at scale.

High inflation and elevated interest rates are forcing wealthy clients to rethink portfolio construction, with traditional 60/40 allocations no longer sufficient for generational wealth building. On J.P. Morgan Asset Management's "Alternative Realities" podcast, Sitara Sundar, Head of Alternative Investment Strategy & Market Intelligence at J.P. Morgan Private Bank, oversees investment guidance for clients managing over $2.9 trillion in assets globally.

A milestone quarter for Apollo as it joins the S&P 500 and reports record earnings, with CEO Marc Rowan emphasizing steady growth.

Private equity firms seek Trump's help to tap $13tn retirement market for new investment growth.