IT. Rowe Price and Goldman Sachs Asset Management (GSAM) have launched a private markets fund, as part of their ongoing strategic partnership launched last year.
The new mutual fund will invest across private debt, private real estate, private infrastructure, leveraged loans and private equity to increase individual investors’ access to private market opportunities.
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T bag. Rowe Price Goldman Sachs Private Markets Fund includes information on the T group. Rowe Price’s multi-asset and equity investment portfolio building and late-stage private equity investments, respectively, with GSAM’s global alternatives platform and the independent institutional credit expertise of Oak Hill Advisors (OHA), a private credit platform for T. Rowe Price.
This fund is managed by a team from T. Rowe Price including portfolio manager Vikram Natu, head of global investment solutions, Americas and portfolio manager Som Priestley, and David DiPietro, head of private equity, portfolio manager.
The new fund will invest in direct financing solutions across a range of debt and industrial strategies, while within infrastructure, it will invest primarily in equity or debt instruments in sectors including transportation, energy, and digital infrastructure.
The portfolio’s investments will also focus on real estate investment trusts that hold property or real estate debt and a portion of the portfolio’s leveraged loans will invest in floating rate debt and floating rate debt securities.
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“IT. Rowe Price Goldman Sachs Private Markets Fund brings institutional-level private markets exposure in an accessible format to financial advisors and their clients,” said Kevin Collins, head of US consulting at T. Rowe Price. “It addresses the structural barriers that have prevented investors from accessing private markets with a single fund that can act as a complementary investment budget in a wealth portfolio.”
With their ongoing partnership announced in September 2025, T. Rowe Price and GSAM plan to develop and launch public and private investment solutions for retirement and affluent investors.
Last December, they presented a variety of model portfolios, and the target date and tips are expected this year.
“Together, we bring decades of active management and portfolio construction expertise, a track record of innovation, and independent market access and provenance as we focus on delivering strong risk-adjusted investment returns. Individual investors can now confidently access opportunities when they are reserved for institutions,” added Greg Wilson, third-party US wealth manager, global head of wealth management at AM GS.
