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Delivering the all-weather capabilities of OHA, one of the largest and most experienced credit-focused alternative investment managers and adviser to many of the most sophisticated institutional investors globally.2
30+ Years
History Through Market Cycles
$65 B
Capital Under Management3
25+ Years
Investment Committee Tenure4
$37 B
Private Credit Commitments since 20185
The T. Rowe Price OHA Select Private Credit Fund (OCREDIT), seeks to generate attractive risk-adjusted returns, predominantly as current income, through an investor-friendly public, perpetual non-traded business development company (BDC) structure. OCREDIT capitalizes on OHA's extensive credit-specialist capabilities to invest in a diversified portfolio of primarily senior secured, privately originated floating rate loans to well-established companies in North America and Europe.
Seeks to capitalize on deep experience and proprietary sourcing of a leading credit investor and trusted partner to company management teams and private equity sponsors for over 30 years.
Focuses on originating customized private financing solutions for select borrowers structured with strong contractual payments and other favorable terms that are designed to reward investors.6
Low investor minimums, quarterly liquidity, and simplified Form 1099 tax reporting make it easier to invest in an institutional-quality strategy with lower fees than many publicly traded BDCs.
Seeks to generate premium yields and capture opportunities through different market environments, including periods of volatility and higher interest rates.
Investors may benefit from a highly selective, diversified portfolio that favors market-leading, noncyclical businesses with an unwavering focus on downside protection.
T. Rowe Price partnership provides differentiated investor experience and world-class client service of a $1.57T asset manager. Preliminary data as of June 30, 2024. Subject to adjustment.
“We believe OCREDIT's mandate and OHA's unique capabilities are well positioned to navigate and capitalize on the current market environment. OHA takes a ‘credit-first’ approach, proceeding with an investment when we have strong conviction that it will perform to our high standards across market cycles.
We seek to invest in larger, well-established companies with experienced management teams and resilient business models. We focus on investments with strong contractual and structural protections, with a goal of generating attractive returns and minimizing downside risk.”
Eric Muller | OCREDIT CEO, OHA Portfolio Manager and Partner
Private credit has outperformed major equity and fixed income asset classes on a risk-adjusted basis over the long term and can help diversify traditional portfolio allocations. Furthermore, the asset class has demonstrated lower downside risk through periods of market turbulence and economic uncertainty - like the recent investment environment.8
Learn more about the growing opportunity and whether investing in private lending might be right for you.
Well Positioned to Seek Premium Yields for Investors From Private Credit
Deep relationships with management teams and private equity sponsors who value OHA’s expertise, independence, and reliability as a lender, enhancing deal flow and terms.
Institutional knowledge, seasoned experience, and time-tested investment process, enhanced by 30+ years investing in thousands of companies.
Scaled Credit Specialist
Investment activities of a $65B platform drive proprietary sourcing and enhance all aspects of private credit investment process.
Leading Private Lender
$39B in private credit commitments across North America and Europe as of March 30, 2024, leveraging full firmwide capabilities.
Create customized, proprietary financing solutions for borrowers using OHA’s flexible capital and distinctive structuring expertise.
Consistent with its history, OHA focuses on larger companies, which generally have stronger market positions and management teams and resilient businesses.
OCREDIT’s investment leadership has decades of experience, and OHA’s 60+ partners and managing directors average 25+ years of industry experience.
Risk Management
OHA is well postioned to manage downside risk by leveraging its world-class workout and restructuring expertise, developed as a leading distressed investor since the early 1990s.
Learn how OHA and T. Rowe Price are partnering to deliver institutional-quality investment strategies1 with a commitment to client solutions.
OCREDIT benefits from the full capabilities of OHA’s team of 100+ investment professionals, under the leadership of industry veterans who have successfully navigated and capitalized on multiple market cycles. OCREDIT’s investment process integrates complementary industry, asset class, and transaction leadership capabilities.
70+ industry specialists across 16 industry groups enrich company and sponsor relationships, deal flow, and due diligence.
Dedicated private credit, transaction, financing, and restructuring teams work closely with industry specialists to optimize results.
Scale and deep expertise to lead transactions demonstrated by typical top 1 or 2 lender role14 and significant “repeat” borrower deal flow.
As of 12/31/2023
Glenn August
OHA Founder and Chief Executive Officer
40 years of investment industry experience
Alan Schrager
OHA Portfolio Manager and Senior Partner
32 years of investment industry experience
Eric Muller
OCREDIT CEO, OHA Portfolio Manager and Partner
27 years of investment industry experience
Thomas Wong
OHA Portfolio Manager and Partner
25 years of investment industry experience
Harpreet Anand
OHA Portfolio Manager and Partner
20 years of investment industry experience
The deep continuity of OHA’s senior team has helped institutionalize a highly disciplined investment process.
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
Learn how OHA’s expertise and capabilities make it a leading global alternative credit investment specialist.
Discover how T. Rowe Price helps clients around the world achieve their long-term investment goals.