\nSemiliquid funds, which aim to make private markets more accessible and include popular vehicles like interval funds, have grown more than 60% since 2022, according to Morningstar research<\/a>. However, their fee structures and limited liquidity make them difficult to evaluate, underscoring the need for independent analysis of these vehicles.<\/p>\n \n“Private investments are making their way into retail portfolios, but navigating this complex and evolving market comes with a significant information gap for many investors,” said Laura Lutton, global head of manager research. “The Medalist Rating for Semiliquid Funds takes a measured approach, cutting through the noise to help advisors and investors evaluate whether these products truly belong in a diversified portfolio.”<\/p>\n \nRatings use Morningstar\u2019s five-tier scale \u2013 Gold, Silver, Bronze, Neutral, and Negative \u2013 to express conviction in a strategy\u2019s potential to outperform over the long term. The initial batch of rated funds was chosen to give investors a cross-section of different types of strategies and approaches from previously rated asset managers.<\/p>\n \nMorningstar\u2019s first Medalist Ratings for Semiliquid Funds include:<\/p>\n
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