Kelly Boucher, Head of Alternative Specialists at T. Rowe Price, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the firm’s long-term presence in private equity and its acquisition of a private credit management firm.
Boucher states that the T. Rowe Price brand is a name that is well-known and trustworthy, which is important in alternative investments. The firm offers competitive products and uses its scale to educate investors on private markets. RIAs and financial advisors are looking to expand their clients’ exposure to private markets, beyond the current 1% to 3% of clients with allocations.
T. Rowe Price acquired Oak Hill Advisors, an institutional private credit manager, in 2021. T. Rowe Price has been investing in private equity in some of its largest mutual funds since 2007. Boucher leads a team of nationwide alternative investment specialists that can work with clients on their investments in private equity and private credit. T. Rowe Price has over 150 investment professionals available to offer education and portfolio construction advice on private markets and the firm’s products in that space. T. Rowe Price has a history of innovation and is considering strategic partnerships or acquisitions to round out its private market offerings.