T. Rowe Price OHA Select Private Credit Fund
Sponsored by T. Rowe Price / OHA. BDC structure focused on private credit.
BDCPrivate Credit
- Net assets
- $1.64B
source
Quarterly report (Form 10-Q) · filed 2026-05-06 · period 2026-03-31
Stockholders equity
“{'end': '2026-03-31', 'val': 1638402000, 'accn': '0001901164-26-000013', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-06', 'frame': 'CY2026Q1I', 'unit': 'USD'}”
Method Direct: structured XBRL tag
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $28.15
source
Quarterly report (Form 10-Q) · filed 2024-05-08 · period 2024-03-31
Net asset value per share
“{'end': '2024-03-31', 'val': 28.15, 'accn': '0001901164-24-000009', 'fy': 2024, 'fp': 'Q1', 'form': '10-Q', 'filed': '2024-05-08', 'frame': 'CY2024Q1I', 'unit': 'USD/shares'}”
Method Direct: structured XBRL tag
Open the filing on SEC.gov · Full observation history
Technical locator
Filed fund value · as of 2024-03-31 - Net flows, last qtr
- +5.9% qtr ended 2026-03-31
- Distribution coverage (NII)
- 121% period ended 2024-03-31
- Leverage in use
- 71% debt / equity 0.90x
- Total return, 12m
- Pending SEC-filed periodic NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current Urgent or Notify findings in filings reviewed through 2026-07-21.
Historical findings (3)
Compensatory Arrangements of Certain Officers. (2025-03-24)
Credit facility new or amended: 2 occurrence(s), 2023-08-29 to 2024-11-25
The fund leaned harder on leverage: 64% -> 66% of its allowed leverage in use in one period (period ended 2024-09-30).
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Monthly performance eligibility
Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
- PIK income share
- 6.5% 2026-03-31
| Date | Position change |
|---|---|
| 2026-03-31 | ASP Unifax Holdings, Inc. (1.2% of portfolio value in the 2025-12-31 report, $34,573,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | Omni Fiber, LLC 3 marked up +62% (2025-12-31 $9,854,000 -> 2026-03-31 $15,949,000) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.34% of portfolio value. |
| 2026-03-31 | New position ASP Unifrax Holdings, Inc.: 1.2% of portfolio value ($34,477,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position Majesco, LLC 1: 1.5% of portfolio value ($45,047,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2025-12-31 | Investment, Unaffiliated Issuer, 123Dentist Inc. 1 (3.4% of portfolio value in the 2025-09-30 report, $91,192,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, AI Titan Parent Inc. 3 (1.1% of portfolio value in the 2025-09-30 report, $28,560,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, ARAMSCO, Inc. (2.3% of portfolio value in the 2025-09-30 report, $62,610,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, Ascend Buyer LLC 1 (1.9% of portfolio value in the 2025-09-30 report, $49,793,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, Associations, Inc. 1 (5.4% of portfolio value in the 2025-09-30 report, $144,823,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, Aurelia Netherlands Midco 2 B.V. (2.4% of portfolio value in the 2025-09-30 report, $64,084,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, Banyan Software Holdings, LLC 1 (13.5% of portfolio value in the 2025-09-30 report, $361,766,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Investment, Unaffiliated Issuer, BCPE Empire Holdings, Inc. (1.4% of portfolio value in the 2025-09-30 report, $38,313,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
Filed portfolio-health history
Where exit demand met the cap.
The disclosed history shows no rationed period.
Pending
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Not attributed 100.0%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class I | Pending | Pending | Pending | Pending | Pending |
Management fee: 1.25% of net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001901164-26-000008.
Filed fee conditions
The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of our net assets as of the beginning of the first calendar day of the applicable month. Net assets means our total assets less the fair value of our liabilities, determined on a consolidated basis in accordance with GAAP. The Adviser waived its management fee for the first six months following the effective date of the Company's registration statement (a past, expired waiver).
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Class I | 1.25% | Pending | Pending | Pending | 9.23%filed basis*Filed label: Ratio of expenses after management and incentive fees before waivers and expense recoupment to average net assets (6)(7); period 2025-12-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding. SEC source 0001901164-26-000008 |
9.34%filed basis*Filed label: Ratio of expenses after management fee, incentive fees, waivers and expense recoupment to average net assets (6)(7); period 2025-12-31. After waiver: yes; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001901164-26-000008 |
Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (3)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of our net assets as of the beginning of the first calendar day of the applicable month. Net assets means our total assets less the fair value of our liabilities, determined on a consolidated basis in accordance with GAAP. The Adviser waived its management fee for the first six months following the effective date of the Company's registration statement (a past, expired waiver). | 1.25 pct_annual_of_net_assets | Pending |
| incentive_fee_schedule | The Company pays the Adviser a fee for its services under the Amended and Restated Advisory Agreement consisting of two components: a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the shareholders. Substantial additional fees and expenses may also be charged by OHA Private Credit Advisors LLC, in its capacity as the administrator to the Company (the “Administrator”). Management Fee The management fee will be payable monthly in arrears at an annual rate of 1.25 % of the value of the Company's net assets as of the beginning of the first calendar day of the applicable month. For purposes of the Amended and Restated Advisory Agreement, net assets means the Company's total assets less the fair value of its liabilities, determined on a consolidated basis in accordance with U.S. GAAP. For the first calendar month in which the Company has operations, net assets will be measured as the beginning net assets as of the date on which the Company breaks escrow. For the three months ended March 31, 2026, the Company incurred management fees of $ 5.0 million, of which none were waived. For the three months ended March 31, 2025, the Company incurred management fees of $ 3.8 million, of 53 which none were waived. As of March 31, 2026 and December 31, 2025, $ 5.0 million and $ 4.8 million, respectively, remained payable related to the base management fee accrued in management fee payable on the Consolidated Statements of Assets and Liabilities. Incentive Fee The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of the Company's income and a portion is based on a percentage of the Company's capital gains, each as described below. Incentive Fee Based on Income The first part of the incentive fee will be based on income, whereby the Company pays the Adviser quarterly in arrears 12.5 % of its Pre-Incentive Fee Net Investment Income Returns (as defined below) for the relevant calendar quarter subject to a 1.25 % per quarter ( 5.0 % annualized) hurdle rate (the “Hurdle Rate”). “Pre-Incentive Fee Net Investment Income Returns” means dividends, cash interest or other distributions or other cash income and any third-party fees received from portfolio companies (such as upfront fees, commitment fees, origination fee, amendment fees, ticking fees and break-up fees, as well as prepayments premiums, but excluding fees for providing managerial assistance and fees earned by the Adviser or an affiliate in its capacity as an administrative agent, syndication agent, collateral agent, loan servicer or other similar capacity) accrued during the month, minus operating expenses for the month (including the management fee, taxes, any expenses payable under the Amended and Restated Advisory Agreement and an amended and restated administration agreement with the Administrator (the “Amended and Restated Administration Agreement”), any expense of securitizations, and interest expense or other financing fees and any dividends paid on preferred shares, but excluding the incentive fee and shareholder servicing and/or distribution fees). Pre-Incentive Fee Net Investment Income Returns includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero-coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income Returns does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. The Company pays the Adviser an incentive fee with respect to the Company’s Pre-Incentive Fee Net Investment Income Returns as follows: • No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar year in which the Company’s Pre-Incentive Fee Net Investment Income Returns does not exceed the Hurdle Rate; • 100 % of Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the Hurdle Rate but is less than a rate of return of 1.43 % ( 5.72 % annualized). This portion of the Pre-Incentive Fee Net Investment Income Returns (which exceeds the Hurdle Rate but is less than 1.43 %) is referred to as the “catch-up.” The “catch-up” is meant to provide the Adviser with approximately 12.5 % of the Company’s Pre-Incentive Fee Net Investment Income Returns as if a Hurdle Rate did not apply if Pre-Incentive Fee Net Investment Income Returns exceeds 5.72 % in any calendar year; and • 12.5 % of the Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds 1.43 % in any calendar year, which reflects that once the Hurdle Rate is reached and the catch-up is achieved, 12.5 % of all Pre-Incentive Fee Net Investment Income Returns is paid to the Adviser. Incentive Fee Based on Capital Gains The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals: • 12.5 % of cumulative realized capital gains from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains as calculated in accordance with U.S. | Text disclosure | Pending |
| repurchase_program_terms | Discretionary quarterly tender offer program: the Fund's Schedule TO offers have consistently stated up to 5% of Shares outstanding per quarter (most recently confirmed 2026-06-02). T. Rowe Price OHA Select Private Credit Fund | 5.0 pct_of_shares_outstanding_per_quarter | Pending |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-29 | 8-K | 0001140361-26-026728 |
| 2026-06-22 | 8-K | 0001140361-26-025991 |
| 2026-05-28 | 8-K | 0001140361-26-023157 |
| 2026-05-06 | 10-Q | 0001901164-26-000013 |
| 2026-05-06 | 8-K | 0001901164-26-000015 |
| 2026-05-04 | SC TO-I | 0001140361-26-018861 |
| 2026-05-04 | SC TO-I/A | 0001140361-26-018860 |
| 2026-04-28 | 8-K | 0001140361-26-017478 |
| 2026-03-27 | 8-K | 0001140361-26-011793 |
| 2026-03-12 | 10-K | 0001901164-26-000008 |
| 2026-03-12 | 8-K | 0001901164-26-000010 |
| 2026-02-27 | 8-K | 0001140361-26-007181 |
| 2026-02-13 | SC TO-I/A | 0001140361-26-005481 |
| 2026-02-13 | SC TO-I | 0001140361-26-005453 |
| 2026-02-09 | 8-K | 0001140361-26-004400 |