T. Rowe Price OHA Flexible Credit Income Fund has added Real Asset Lending to its Investment opportunities, with a 0-30% range. The strategy covers privately negotiated Debt transactions tied to infrastructure, shipping, aviation, power and energy, telecommunications and other real assets, while management and incentive fees are waived through December 31, 2026.

Key Highlights

  • Management and incentive fees will be waived through December 31, 2026.
  • The incentive fee is set at 15% of pre-incentive fee net investment income returns, subject to a 6% annualized hurdle and 100% catch-up.
  • The real asset strategy includes infrastructure, shipping, aviation, power and energy, telecommunications, data centers and equipment.

T. Rowe Price OHA Flexible Credit Income Fund sets Real Asset Lending as an investment opportunity with a 0-30% range. The approach covers directly originated, privately negotiated Capital solutions for Real assets and focuses on debt transactions. The filing states that the incentive fee is attributable to each class of the Fund’s shares.

Real Asset Lending Focuses on Debt Transactions

The strategy targets assets primarily linked to infrastructure, shipping, aviation, power and energy, and telecommunications. Eligible transactions may involve ships, aircraft and related parts, containers, railcars, automobiles, real estate and real estate investment trusts. The scope also includes infrastructure-related assets, energy assets, telecommunications assets, data centers, equipment and other related assets. The Fund intends to use bespoke documentation for these privately negotiated arrangements and will focus on debt transactions. The fee structure calls for the Adviser to receive 15% of pre-incentive fee net investment income returns attributable to each share class, paid quarterly in arrears. That payment is subject to a 6% annualized hurdle rate and a 100% catch-up. The Class A, Class D and Class I shares carry the ticker symbols OFLAX, OFLDX and OFLEX, respectively.