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OCREDIT Investor Resources

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Investor Resources

Press Release

Prospectus

Subscription Agreement

Fact Sheet

Fund Overview

Investor Presentation

Introduction to BDCs

Introduction to Private Credit

FAQs

What is private credit?

Generally, private credit refers to loans that are directly originated and negotiated between a borrower and the lender or a small group of lenders. These investments are typically sourced through direct dialogue with counterparties, as opposed to through intermediaries such as banks or brokers. This is distinct from a syndicated loan, which is generally originated by a bank and then syndicated, or sold, in several pieces to other investors, where influence on the economics and structure can be limited. Originated loans are generally held until maturity or until they are refinanced by the borrower. Syndicated loans often have liquid markets and can be traded by investors. We believe that our scale, expertise, and flexibility to tailor terms to the needs of our borrowers and our ability to drive transaction processes are competitive advantages for directly originating and structuring loans at attractive terms for our investors.

What is a BDC?

A business development company (BDC) is a special closed-end investment vehicle that is regulated under the 1940 Act. BDCs generally must invest at least 70% of their total assets in private U.S. companies or public companies with less than $250 M in market capitalization and are required to distribute at least 90% of its investment company taxable income for the taxable year.

What is a non-exchange-traded, perpetual-life BDC?

A non-exchange traded BDC’s shares are not listed for trading on a stock exchange or other securities market. The term “perpetual-life” differentiates our structure from BDCs that have a finite offering period and/or have a predefined time period to pursue a liquidity event or to wind down the fund. In contrast, in a perpetual-life BDC, we expect to offer common shares continuously at the monthly share price, and we have an indefinite duration, with no obligation to effect a liquidity event at any time.

What types of investments do you intend to make?

We invest primarily in directly originated and customized private financing solutions, including loans and other debt securities, for larger borrowers with a strong emphasis on senior secured lending. We will primarily target investments in first lien loans, unitranche loans, second lien loans, and other corporate debt.

What is an originated loan?

An originated loan is a loan where we lend directly to the borrower and hold the loan generally on our own or in a small group with other OHA-advised funds and accounts and/or third-party investors. These investments are typically sourced through direct dialogue with counterparties, as opposed to through intermediaries such as banks or brokers.

How will you identify investments?

The scale of our firmwide investment activities creates a high volume and frequency of engagement with sponsors, borrowers, and other partners and counterparties. This framework continuously enriches knowledge of issuers and sponsors and their strategic and financing objectives. We believe that the frequency of our dialogue not only enhances our relationships but also positions us to engage early when the next financing opportunity arises. OHA further believes that our integrated, industry-focused investment model facilitates our access to and working relationship with market participants—further enhancing deal flow and proprietary sourcing.

The UniFi by CAIA™ Private Debt Microcredential

Financial Professionals – Contact your T. Rowe Price representative to discuss complimentary access to this content.

The UniFi by CAIA™ Private Debt Microcredential is a 5-hour online program designed to provide asset management and wealth management industry professionals with foundational knowledge of one of the fastest-growing private market categories of the past decade. 

The curriculum is divided into four major components, covering the fundamentals of private debt, private corporate lending, asset-based lending, and private debt portfolio implementation. After successfully completing the program, you will be awarded a certificate of completion, as well as a verifiable digital badge from CAIA and through Credly.

 

 

 

 

 

 

 

 

Contact Us

Individual Investors

Talk to your financial adviser to learn more about the T. Rowe Price OHA Select Private Credit Fund

Financial Professionals and Institutional Investors

T: +1 (877) 561-7670

E: AdvisorServices@troweprice.com