T. Rowe Price and Goldman Sachs Asset Management (GSAM) have launched a private markets fund, as part of their ongoing strategic collaboration unveiled last year.

The new interval fund will invest across private credit, private real estate, private infrastructure, leveraged loans and private equity to expand access for individual investors to institutional private market opportunities.

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The T. Rowe Price Goldman Sachs Private Markets Fund combines T. Rowe Price’s multi-asset and equity investment teams’ experience in portfolio construction and late-stage private equity investing, respectively, with GSAM’s global alternatives platform and the institutional private credit expertise of Oak Hill Advisors (OHA), which is the private credit platform of T. Rowe Price. 

The fund is managed by a team from T. Rowe Price comprising 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 directly originated financing solutions across a range of credit strategies and industries, while within infrastructure, it will invest primarily in equity or debt instruments in sectors including transportation, energy, and digital infrastructure.

Portfolio investments will also focus on real estate investment trusts that hold real property or real estate debt and the leveraged loans portion of the portfolio will invest in floating rate loans and floating rate debt securities.

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“T. Rowe Price Goldman Sachs Private Markets Fund delivers institutional-quality private markets exposure in a manner that’s readily accessible for financial advisors and their clients,” Kevin Collins, head of US intermediaries at T. Rowe Price said. “It addresses the structural obstacles that have historically prevented investors from accessing private markets with a single fund that can serve as a complementary investment allocation in a wealth portfolio.”

Through their ongoing collaboration announced in September 2025, T. Rowe Price and GSAM plan to develop and launch a range of public-private investment solutions for retirement and wealth investors.

Last December, they introduced a range of model portfolios, while target date and advice offerings are expected this year. 

“Collectively, we bring decades of active management and portfolio construction expertise, a track record of innovation, and deep private market sourcing and origination as we focus on delivering strong risk-adjusted investment returns. Individual investors can now confidently access opportunities once reserved for institutions,” added Greg Wilson, co-head Americas third party wealth, global head of retirement, asset and wealth management at GSAM.