T Rowe Price and Oak Hill Advisors have announced the launch of a new private credit fund.
The T Rowe Price OHA Select Private Credit fund (Ocredit) has already raised an impressive $1.5 billion in funding, according to reports.
Ocredit, structured as a perpetual-life business development company, will focus on investing in small and mid-sized firms, as well as distressed companies.
Managed by Oak Hill Advisors, the fund has received a substantial investment of over $600 million from T Rowe Price and other institutional investors.
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