According to documents submitted to the U.S. Securities and Exchange Commission (SEC), T. Rowe Price's OHA Select Private Credit Fund plans to launch a continuous share offering with a total size of up to $2.5 billion.

The fund aims to provide qualified investors with opportunities to participate in the private credit market, with this offering being conducted on an as-needed basis rather than completed all at once. The document shows that this arrangement provides the fund with a flexible channel for raising capital to respond to potential investment opportunities. Private credit, as an asset class, has attracted attention in recent years for offering differentiated sources of returns outside traditional bank loans and the public bond market. T. Rowe Price Group manages such strategies through its subsidiary OHA, and this offering further expands its lineup of alternative investment products for institutional and high-net-worth clients.