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T. Rowe Price Broadens Alternative Investment Suite With OFLEX Launch
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Key Takeaways
T. Rowe Price unveils OFLEX, a multi-strategy credit interval fund for wealth clients.
The fund invests across private and public credit, including CLOs, direct lending and special situations.
OFLEX offers quarterly liquidity and an all-weather strategy targeting stable income and downside risk.
T. Rowe Price Group, Inc. (TROW - Free Report) and Oak Hill Advisors (“OHA”) have announced the launch of the T. Rowe Price OHA Flexible Credit Income Fund (OFLEX). The move marks another step in their efforts to expand alternative investment offerings for U.S. wealth clients.
Details of T. Rowe Price’s OFLEX Credit Fund
OFLEX is a multi-strategy credit interval fund that invests across the credit spectrum, including private and public markets. The fund provides exposure to direct lending, asset-based finance, junior capital solutions, collateralized loan obligations (CLOs), liquid credit and special situations.
Structured as an interval fund, the fund aims to reach a broad range of investors by expanding access to OHA’s alternative credit strategies. It will be available for purchase on a daily basis and will offer quarterly liquidity through repurchase offers of at least 5% of outstanding shares at net asset value. This structure allows investors to access less-liquid private credit investments while maintaining a degree of liquidity.
OFLEX follows an “all-weather” investment approach, seeking to generate premium yields and capture opportunities across different market environments, including periods of volatility and higher interest rates. This enables the investment team to allocate capital dynamically across credit markets depending on opportunities and market conditions.
By combining multiple credit strategies into a single solution, the fund offers a diversified entry point into alternative credit with a focus on stable income generation and downside risk management.
TROW’s Efforts to Push Into Alternative Investment Offerings
The recent rollout of OFLEX builds on TROW’s 2021 acquisition of Oak Hill Advisors, which accelerated its expansion into alternative investment markets and established OHA as its private markets platform.
Earlier, in 2024, the firms launched their first joint offering, the T. Rowe Price OHA Select Private Credit Fund, a private credit solution for income-oriented investors with a non-traded, perpetual-life business development company structure.
The addition of OFLEX further strengthens this strategy by introducing a flexible, multi-strategy credit solution spanning both liquid and private markets. With rising demand for income-generating and risk-managed investments, the fund is expected to attract fee-based assets, support higher advisory fees and contribute to TROW’s long-term revenue growth.
TROW also continues to strengthen its alternative investment platform through partnerships and product innovation. In December 2025, it launched co-branded model portfolios for wealth clients with Goldman Sachs (GS - Free Report) , combining traditional and alternative investments. The launch builds on their September 2025 partnership, under which GS committed to co-develop and distribute alternative investment products for high-net-worth and retirement investors.
In February 2025, TROW and OHA partnered with Aspida Holdings Ltd. to manage public and private assets and explore new product opportunities. The collaboration is supported by Ares Insurance Solutions, part of Ares Management (ARES - Free Report) . Through this partnership, TROW leverages ARES’s expertise to support Aspida’s growth and develop insurance and retirement solutions. The 2023 acquisition of Retiree, a fintech focused on retirement income planning, also complements its wealth offerings.
These initiatives, including the launch of OFLEX, highlight TROW’s strategy to expand private markets offerings and diversify revenue while meeting growing demand for flexible, income-oriented credit solutions.
TROW’s Price Performance & Zacks Rank
Over the six months, shares of TROW have plunged 17.2% compared with the industry’s decline of 23.1%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
View the Zacks #1 Rank List
Image: Bigstock
T. Rowe Price Broadens Alternative Investment Suite With OFLEX Launch
Key Takeaways
T. Rowe Price Group, Inc. (TROW - Free Report) and Oak Hill Advisors (“OHA”) have announced the launch of the T. Rowe Price OHA Flexible Credit Income Fund (OFLEX). The move marks another step in their efforts to expand alternative investment offerings for U.S. wealth clients.
Details of T. Rowe Price’s OFLEX Credit Fund
OFLEX is a multi-strategy credit interval fund that invests across the credit spectrum, including private and public markets. The fund provides exposure to direct lending, asset-based finance, junior capital solutions, collateralized loan obligations (CLOs), liquid credit and special situations.
Structured as an interval fund, the fund aims to reach a broad range of investors by expanding access to OHA’s alternative credit strategies. It will be available for purchase on a daily basis and will offer quarterly liquidity through repurchase offers of at least 5% of outstanding shares at net asset value. This structure allows investors to access less-liquid private credit investments while maintaining a degree of liquidity.
OFLEX follows an “all-weather” investment approach, seeking to generate premium yields and capture opportunities across different market environments, including periods of volatility and higher interest rates. This enables the investment team to allocate capital dynamically across credit markets depending on opportunities and market conditions.
By combining multiple credit strategies into a single solution, the fund offers a diversified entry point into alternative credit with a focus on stable income generation and downside risk management.
TROW’s Efforts to Push Into Alternative Investment Offerings
The recent rollout of OFLEX builds on TROW’s 2021 acquisition of Oak Hill Advisors, which accelerated its expansion into alternative investment markets and established OHA as its private markets platform.
Earlier, in 2024, the firms launched their first joint offering, the T. Rowe Price OHA Select Private Credit Fund, a private credit solution for income-oriented investors with a non-traded, perpetual-life business development company structure.
The addition of OFLEX further strengthens this strategy by introducing a flexible, multi-strategy credit solution spanning both liquid and private markets. With rising demand for income-generating and risk-managed investments, the fund is expected to attract fee-based assets, support higher advisory fees and contribute to TROW’s long-term revenue growth.
TROW also continues to strengthen its alternative investment platform through partnerships and product innovation. In December 2025, it launched co-branded model portfolios for wealth clients with Goldman Sachs (GS - Free Report) , combining traditional and alternative investments. The launch builds on their September 2025 partnership, under which GS committed to co-develop and distribute alternative investment products for high-net-worth and retirement investors.
In February 2025, TROW and OHA partnered with Aspida Holdings Ltd. to manage public and private assets and explore new product opportunities. The collaboration is supported by Ares Insurance Solutions, part of Ares Management (ARES - Free Report) . Through this partnership, TROW leverages ARES’s expertise to support Aspida’s growth and develop insurance and retirement solutions. The 2023 acquisition of Retiree, a fintech focused on retirement income planning, also complements its wealth offerings.
These initiatives, including the launch of OFLEX, highlight TROW’s strategy to expand private markets offerings and diversify revenue while meeting growing demand for flexible, income-oriented credit solutions.
TROW’s Price Performance & Zacks Rank
Over the six months, shares of TROW have plunged 17.2% compared with the industry’s decline of 23.1%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.