The rating is set to bring greater transparency and due diligence to private markets.
Furthermore, the rating expands on the Morningstar Medalist Rating, the company’s forward-looking ratings methodology used for mutual funds and ETFs, to a number of vehicles with limited liquidity or exposure to private market assets.
Asset management M&A activity fails to bring ‘meaningful profitability improvements’
These can include interval funds, tender-offer funds, nontraded real estate investment trusts (REITs), and nontraded business development companies (BDCs) in the United States, as we…
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