June 17 (Reuters) - The wealth division of Morningstar ( MORN )

has teamed up with Apollo Global Management ( APO ),

Franklin Templeton and J.P. Morgan Asset Management to

launch a suite of portfolios that will give retail investors

exposure to both private and public markets.

Here are some details:

* Initial models will include exposure to private credit and

real estate through interval funds, with those funds

representing roughly 12% to 20% of the models' allocation,

Morningstar ( MORN ) said on Wednesday.

* The portfolios, set to launch later this year, will be

designed with exchange-traded funds and interval funds to make

private markets accessible for individual investor portfolios.

* The move comes as Wall Street firms increasingly focus on

broadening access to private markets, which historically have

been limited to institutional investors and ultra high-net-worth

individuals.

* "When I think about why private markets matter now more

than ever, it's not just access but also focus on the long-term

in a short-term world. We are living in an environment of

persistent inflation and structural uncertainty," Franklin

Templeton CEO Jenny Johnson said.

* Morningstar's ( MORN ) public/private select series will include

six risk-based portfolios, ranging from capital preservation to

aggressive growth.