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T. Rowe Price Broadens Alternative Investment Suite With OFLEX Launch
T. Rowe Price Group, Inc. TROW and Oak Hill Advisors (“OHA”) have announced the launch of the T. Rowe Price OHA Flexible Credit Income Fund (OFLEX). The move marks another step in their efforts to expand alternative investment offerings for U.S. wealth clients.
OFLEX is a multi-strategy credit interval fund that invests across the credit spectrum, including private and public markets. The fund provides exposure to direct lending, asset-based finance, junior capital solutions, collateralized loan obligations (CLOs), liquid credit and special situations.
Structured as an interval fund, the fund aims to reach a broad range of investors by expanding access to OHA’s alternative credit strategies. It will be available for purchase on a daily basis and will offer quarterly liquidity through repurchase offers of at least 5% of outstanding shares at net asset value. This structure allows investors to access less-liquid private credit investments while maintaining a degree of liquidity.
T. Rowe Price, OHA bring multi-strategy credit fund to wealth channel
L-R: Glenn August, founder and CEO of Oak Hill Advisors, and Dee Sawyer, head of global distribution for T. Rowe Price
T. Rowe Price and Oak Hill Advisors have launched a publicly offered interval fund that combines private and public credit strategies under one vehicle, targeting U.S. wealth clients seeking exposure to alternative credit markets. The T. Rowe Price OHA Flexible Credit Income Fund, trading under the ticker OFLEX, invests across the credit spectrum, including direct […]
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