T. Rowe Price and Oak Hill Advisors have jointly launched a new private credit fund called the T. Rowe Price OHA Select Private Credit Fund (OCREDIT).
The fund is set to take advantage of the rapidly-growing $1.5 trillion private credit sector, which has been increasingly attracting investors in recent years.
Latest Private Credit News US
The OCREDIT fund is open to individual investors in the US.
T. Rowe Price and Oak Hill Advisors are both well-established investment management firms with a long history of successful investment strategies.
T. Rowe Price has been in the investment management business for over 80 years, while Oak Hill Advisors has been managing alternative investments for over 30 years.
The partnership between the two firms is expected to create a strong investment offering for investors looking to tap into the private credit market.
The OCREDIT fund is expected to provide investors with access to a diversified portfolio of private credit investments, including senior secured loans, mezzanine debt, and other structured credit products.
Latest Private Credit News US
The fund will be managed by a team of experienced investment professionals from both T. Rowe Price and Oak Hill Advisors, who will use their expertise to identify attractive investment opportunities in the private credit market.
Overall, the launch of the OCREDIT fund is an exciting development for investors looking to gain exposure to the private credit sector.
Latest Private Credit News US – The Partnership Between T. Rowe Price and Oak Hill
T. Rowe Price Group and Oak Hill Advisors have formed a joint investment offering, the T. Rowe Price OHA Select Private Credit Fund (OCREDIT).
This private credit fund is launching with over $1.5 billion in capital, making it one of the largest private credit funds available to individual investors in the US.
The partnership brings together T. Rowe Price’s global platform and Oak Hill Advisors’ expertise in alternative credit management.
T. Rowe Price Group, headquartered in Baltimore, Maryland, is a global investment management firm with over $1.7 trillion in assets under management as of June 30, 2023.
The firm offers a broad range of investment strategies, including equities, fixed income, multi-asset, and alternative investments, to institutional and individual investors worldwide.
Oak Hill Advisors, based in New York, is a leading alternative credit manager with over 30 years of experience in the industry.
As of July 31, 2021, the firm managed over $53 billion in capital across its private, distressed, special situations, liquid, structured credit, and real asset strategies.
Latest Private Credit News US
With more than 300 employees in its global offices, Oak Hill Advisors has generated attractive risk-adjusted returns over its history.
The partnership between T. Rowe Price and Oak Hill Advisors is not new. In December 2021, T. Rowe Price completed its acquisition of Oak Hill Advisors, accelerating its expansion into alternative investment markets.
The acquisition enhances T. Rowe Price’s position as a leading provider of alternative credit to investors.
Furthermore, the partnership between T. Rowe Price and Oak Hill Advisors brings together two firms with complementary strengths, creating a powerful combination in the alternative credit space.
Latest Private Credit News US
The launch of the T. Rowe Price OHA Select Private Credit Fund (OCREDIT) is an exciting development for both firms.
The fund offers individual investors access to a diversified portfolio of private credit investments, which can provide attractive risk-adjusted returns and diversification benefits. With T. Rowe Price’s global platform and Oak Hill Advisors’ expertise in alternative credit management, the partnership is well-positioned to deliver value to investors.
Photo by Cristina Anne Costello
The Launch of Ocredit
T. Rowe Price and Oak Hill Advisors are thrilled to announce the launch of their joint investment offering, the T. Rowe Price OHA Select Private Credit Fund, also known as Ocredit.
This private credit fund is a perpetual-life business development company that is open to individual investors in the United States. The joint offering was launched with over $1.5 billion in capital, making it a significant player in the rapidly-growing $1.5 trillion market.
Latest Private Credit News US
Ocredit is a unique offering that aims to provide investors with access to a diversified portfolio of private credit investments.
The fund will invest primarily in senior secured loans to middle-market companies in North America, with a focus on industries such as healthcare, technology, and consumer products.
The fund’s investment strategy is designed to generate attractive risk-adjusted returns while providing investors with capital preservation and income.
T. Rowe Price and Oak Hill Advisors have a long history of successful collaboration, and the launch of Ocredit is a testament to their shared commitment to delivering innovative investment solutions to clients.
The joint investment offering brings together the expertise of T. Rowe Price, a leading global investment management firm, and Oak Hill Advisors, a premier credit-focused alternative investment firm.
Latest Private Credit News US
Investors in Ocredit will benefit from the fund’s focus on middle-market companies, which are often underserved by traditional lenders.
The fund’s investment team has a deep understanding of the credit markets and a disciplined approach to underwriting and risk management. The fund’s investment strategy is designed to provide investors with a high level of diversification and low correlation to traditional asset classes.
In conclusion, the launch of Ocredit is an exciting development in the private credit market.
The joint investment offering from T. Rowe Price and Oak Hill Advisors provides investors with access to a unique and diversified portfolio of private credit investments.
With over $1.5 billion in capital, Ocredit is well-positioned to take advantage of the opportunities in the rapidly-growing private credit market.
Latest Private Credit News US
Target Audience and Investment Opportunities
T. Rowe Price Group Inc. and Oak Hill Advisors have launched a new private credit fund, the T. Rowe Price OHA Select Private Credit Fund (OCREDIT), which is open to individual investors in the US and aims to take advantage of the rapidly-growing $1.5 trillion private credit market.
Latest Private Credit News US
The target audience for this fund includes both institutional and individual investors.
The fund is designed to provide an OHA-managed private credit investment solution for income-oriented individual investors with the potential to deliver attractive returns while also managing risk.
Institutional investors, including pension funds, sovereign wealth funds, and insurance companies, also have the opportunity to invest in the fund. The institutional investor base is expected to be a key component of the fund’s growth.
The fund offers a range of investment opportunities across a variety of private credit strategies, including senior loans, mezzanine debt, and distressed debt. These strategies provide investors with the potential for attractive returns and diversification benefits.
Latest Private Credit News US
Investors can choose from a range of investment options, including individual accounts, trusts, and retirement plans, enabling them to tailor their investments to their specific needs and goals.
Overall, the T. Rowe Price OHA Select Private Credit Fund provides investors with access to a rapidly-growing market and a range of investment opportunities designed to deliver attractive returns while managing risk.
Both individual and institutional investors can benefit from the fund’s potential for diversification and income generation.
Latest Private Credit News US
