#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 https://www.morningstar.com/markets/2025-morningstar-investment-conference-how-invest-today What to watch from Morningstar. Morningstar Medalist Rating for Semiliquid Funds: A New Framework for a Converging Market https://youtu.be/QYlOWGzg6no?si=JiSlMZC87cUnt6_H Balancing Relationships and AI What Investors Value in Financial Advisors https://youtu.be/NmW1cUXx9KA?si=Ye09v6dLdlRT2OPo Demystifying Private Equity and Private Credit ETFs: What Every Investor Should Know https://youtu.be/7fXq3jKUzFg?si=7-Ftu42Fh1cAoWjJ 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 Follow us on social. Facebook: https://www.facebook.com/MorningstarInc/ X: https://twitter.com/MorningstarInc Instagram: https://www.instagram.com/morningstarinc LinkedIn: https://www.linkedin.com/company/5161/