Core Insights - Fidelity has launched two new lines of model portfolios that include alternative investments such as private equity, private credit, and private real estate, catering to the demand from advisors for simpler ways to integrate private assets into client portfolios [2][3] Group 1: Market Trends - Interest in private markets has surged over the past year, although recent issues in private credit may be affecting this growth [3] - Nearly half of advisors are looking for straightforward methods to incorporate private assets into their clients' portfolios, according to survey data [3][4] Group 2: Product Details - Fidelity's model portfolios feature five risk profiles ranging from conservative to aggressive, with specific allocations to private funds [6] - The private funds included are the Cliffwater Corporate Lending Fund, StepStone Private Equity Strategies Fund, and Clarion Partners Real Estate Income Fund, with varying allocations based on risk levels [6] - The model portfolios are available through Envestnet, with plans to expand to other platforms later this year, and have a minimum investment requirement of $100,000 [6] Group 3: Competitive Landscape - There are limited private-asset ETFs available, and those that exist provide minimal exposure due to liquidity constraints [5] - Fidelity's model portfolios do not utilize certain existing ETFs that include private market assets, indicating a preference for interval and tender-offer funds for private market exposure [5]