0002061233 2026-06-25 2026-06-25 0002061233 false 424B3 MORGAN STANLEY PRIVATE MARKETS AND ALTERNATIVES FUND <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify">The following sentence is added to the fifth paragraph in the section of the Prospectus entitled “Investment Program - Investment Objective and Philosophy”:</p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 0.5in;text-align:justify">Under normal circumstances, the Fund will, directly or indirectly, invest at least 25% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in each of (i) debt and debt-related securities; and (ii) equity and equity-related securities.</p> </div>