T. Rowe Price, Oak Hill Advisors, and Aspida form strategic partnership

T. Rowe Price , its alternative credit subsidiary Oak Hill Advisors (OHA), and life insurer Aspida have formed a strategic partnership to support their respective business growth. As part of the collaboration, T. Rowe Price and OHA will manage certain public and private assets for Aspida while exploring product development and other initiatives.

T. Rowe Price is already a minority investor in Aspida, which has grown to over $19 billion in assets since its 2020 launch. The partnership aligns with T. Rowe Price’s expansion into insurance and leverages OHA’s asset origination capabilities. Backed by Ares Management’s insurance unit, Aspida aims to enhance its retirement and reinsurance solutions.

“This announcement marks another significant step in our commitment to delivering exceptional financial security and service to our clients. The deep investment and retirement market experience brought by T. Rowe Price and OHA, combined with the continued support of Ares, position us to develop even stronger, more innovative solutions, tailored to the needs of those we serve.” – Lou Hensley, Chief Executive Officer and President of Aspida.