T. Rowe Price and Oak Hill Advisors (OHA) have announced the launch of the T. Rowe Price OHA Flexible Credit Income Fund (OFLEX), a multi-strategy credit interval fund that can invest across the credit spectrum in both private and public markets.
The fund seeks to reach a broad range of investors as a publicly offered interval fund, expanding access to OHA’s range of alternative credit strategies. As an interval fund, OFLEX will be available for purchase on a daily basis via ticker trading and will conduct quarterly repurchase offers of at least 5 percent of outstanding shares at net asset value (NAV).
OFLEX is a multi-strategy investment approach that provides a single point of entry into the broad alternative credit universe, with the flexibility to invest in private and public credit markets, including direct lending, junior capital solutions, asset-based lending, collateralized loan obligations (CLOs), liquid credit, and special situations. The fund’s “all-we
