Investing
T. Rowe and Oak Hill Start Private Credit Fund for Mass-Affluent Market
- New fund launches with $1.5 billion of investible capital
- Oak Hill has led some of the biggest deals in private credit
The T. Rowe Price Technology Development Center in New York.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
T. Rowe Price Group Inc. and Oak Hill Advisors are launching a new private credit fund open to individual investors in the US to take advantage of the rapidly-growing $1.5 trillion market.
The T. Rowe OHA Select Private Credit Fund, or OCREDIT, already has $1.5 billion of investible capital, according to a statement seen by Bloomberg News. That includes more than $600 million raised in equity commitment from T. Rowe and a group of global institutional investors, with the offering now opening to individuals, it said.