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T. Rowe Price enters private credit market with new $1.5B fund

October 5, 2023

T. Rowe Price Group Inc. has launched its first fund with Oak Hill Advisors since purchasing the company in 2021 as the money manager looks to expand into the private credit market. T. Rowe (NASDAQ: TROW) recently released a new business development company fund (BDC) with Oak Hill, which T. Rowe purchased for $4.2 billion in its largest-ever deal, called the T. Rowe Price OHA Credit Select Fund, or OCREDIT.

Article Source: Baltimore Business Journal

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