ADVANCING FINANCIAL ADVISOR ACCESS TO OHA'S PRIVATE LENDING CAPABILITIES: T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND NOW AVAILABLE ON ICAPITAL MARKETPLACE
OCREDIT delivers an OHA-managed private credit investment solution for income-oriented individual investors with the convenience of a non-traded, perpetual-life business development company ("BDC") structure. OCREDIT launched in
"Before the prevalence of the BDC structure, private credit had historically only been available to institutional investors," said
OCREDIT seeks to generate attractive returns driven by generally strong and stable current income through different market environments, including periods of market volatility. The fund invests in a diversified portfolio of primarily senior secured, privately originated loans to larger, well-established, recession-resistant companies located predominantly in
The offering is supported by iCapital's end-to-end technology platform that streamlines and automates the alternative investing process, from subscription documentation to investor reporting. iCapital Marketplace delivers an all-digital investment experience that bridges the gap that has historically separated asset managers, advisors and clients from alternative investments.
"We are delighted to partner with
Advisors interested in exploring OCREDIT can log into their existing iCapital account to view the fund's profile, which includes additional information on the offering and subscription documents. Advisors not already using iCapital's platform can easily register for access through the iCapital website.
Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages USD $1.39 trillion in assets under management as of November 31, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.
With over 420 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of
For a more detailed description of OCREDIT's investment guidelines and risk factors, please refer to the prospectus. Consider the investment objectives, risks, and charges and expenses carefully before investing or sending money. For a free prospectus containing this and other information, call 1-855-405-6488 or visit www.troweprice.com. Read it carefully.
A business development company ("BDC") is a special closed-end investment vehicle that is regulated under the 1940 Act and used to facilitate capital formation by smaller
OCREDIT is a non-exchange traded BDC that expects to invest at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit investments (loans and other credit investments that are issued in private offerings or issued by private companies). This investment involves a high degree of risk. An investor should purchase these securities only if they can afford the complete loss of the investment.
BDCs may charge management fees, incentive fees, as well as other fees associated with servicing loans. These fees will detract from the total return.
OCREDIT may in certain circumstances invest companies experiencing distress increasing the risk of default or failure. OCREDIT is not listed on an exchange, which heightens the liquidity risk.
OCREDIT has limited prior operating history, and there is no assurance that it will achieve its investment objectives. This is a "blind pool" offering and thus investors will not have the opportunity to evaluate our investments before we make them. Investors should not expect to be able to sell shares regardless of performance and should consider that they may not have access to the money invested for an extended period of time and may be unable to reduce their exposure in a market downturn.
OCREDIT employs leverage, which increases the volatility of OCREDIT's investments and will magnify the potential for loss. Fixed income securities are subject to credit risk, call risk, and interest rate risk. As interest rates rise, bond prices fall. Investments in high yield bonds involve greater risk. International investments can be riskier than
OCREDIT is "non-diversified," meaning it may invest a greater portion of its assets in a single company. OCREDIT's share price can be expected to fluctuate more than that of a comparable diversified fund. OCREDIT may invest in derivatives, which may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions.
Account opening and closing fees may apply depending on the amount invested and the timing of the account closure. There may be costs associated with the investments in the account such as periodic management fees, incentive fees, loads, other expenses or brokerage commissions. Fees for optional services may also apply.
Opinions and estimates offered herein constitute the judgment of
Diversification cannot assure a profit or protect against loss in a declining market. Potential investors are urged to consult a tax professional regarding the possible economic, tax, legal, or other consequences of them investing in OCREDIT in light of their particular circumstances. In the United States, securities are offered through
Securities are offered through
1 OCREDIT seeks to provide the same type of private credit investment solution to individual investors that was previously largely only available to OHA's institutional clients.
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PR CONTACTS: T. Rowe Price, Bill Weeks, +1 (914) 762-2858, email@example.com; Oak Hill Advisors, Natalie Harvard, +1 (212) 326-1505, firstname.lastname@example.org