T. Rowe Price to buy Oak Hill for about $4.2 billion
The acquisition of Oak Hill, one of the biggest players in alternative credit, will allow T. Rowe to expand into private debt investing.
T. Rowe Price Group Inc. made a rare acquisition in its quest for growth, embracing credit in a sign that the firm needs more than its core mutual fund business to keep expanding.
The company’s $4.2 billion purchase of Oak Hill Advisors, announced Thursday, marks T. Rowe’s first foray into pr
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