Should You Have Private Assets in Your 401(k)?
#Morningstar #PrivateMarketInvesting #ApolloGlobalManagement
In an interview with Morningstar CEO Kunal Kapoor, Apollo’s Marc Rowan contends that retirement investors can no longer rely on public markets.
Public and private markets are converging. As a result, advisors are faced with an expanding menu of options to diversify clients’ portfolios into previously inaccessible corners of private markets. In this discussion, Apollo Global Management CEO Marc Rowan and Morningstar CEO Kunal Kapoor will explore the challenges and opportunities facing advisors as they navigate this new territory.
00:00 Introduction
01:18 Where Apollo Is Looking to Invest in the Future
02:44 How Apollo’s Marc Rowan Sees Public vs. Private Asset Management
04:55 How Investors and Advisor Should Think About Private and Public Market Exposure
07:38 Role of the US Government in Private Markets
11:24 Why Apollo is Focusing on Retirement Income with Private Assets
15:05 What Risk Do Advisors Want to Take in Private Markets?
17:56 Why Apollo is Bullish on Private Market Growth
20:44 How Advisors Could Change Their Client’s Allocation to Private Markets
25:46 What Investors and Advisors Need to Know About the State Street ETF
Watch more from the Morningstar Investment Conference 2025:
2025 Morningstar Investment Conference: How to Invest Today <a href="https://www.morningstar.com/markets/2025-morningstar-investment-conference-how-invest-today" target=”_blank” rel=”nofollow”>https://www.morningstar.com/markets/2025-morningstar-investment-conference-how-invest-today
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It’s Getting Easier to Invest in Private Assets. What Does That Mean for Investors? https://youtu.be/XXwu3v8xNI0?si=ekLcaXTOhjcXYmu-
The Long View: Daniel Rasmussen: ‘Be Very Wary of Illiquid Asset Classes’ https://youtu.be/TVA_fi4RwWE?si=1SbyHdvng_84uolk
Read more from Morningstar.
Kunal Kapoor https://www.morningstar.com/people/kunal-kapoor
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