#USA #New York #private credit #T. Rowe Price #OHA Select

T. Rowe Price OHA Select Private Credit Fund Q1 2026 Results

On May 7, 2026, T. Rowe Price OHA Select Private Credit Fund, commonly known as OCREDIT, released its financial results for the first quarter ending March 31, 2026. The fund declared a total distribution of $0.69 per share. These results underscore the fund's resilience and strategic positioning in the evolving credit landscape.

Financial Highlights

The quarter concluded with the company adding six new portfolio companies, leading to a remarkable portfolio net growth of approximately $126.5 million. This is indicative of OCREDIT's ongoing commitment to diversifying its investments across various industries. As of March 31, 2026, the company’s investment portfolio reached a substantial value of $3.0 billion, comprising stakes in 139 portfolio companies spread across 22 sectors. With a weighted average portfolio yield of 10.0%, the fund demonstrates its capability to generate attractive returns even amidst shifting market dynamics.

Eric Muller, CEO of OCREDIT, highlighted the fund's robust position amid broader concerns in the private credit arena. "Despite recent industry headlines, our portfolio maintains fundamental strength, allowing us to provide solid distributions to our investors. We see OCREDIT well-positioned to capitalize on appealing private credit opportunities on the market," he asserted.

Key Financial Metrics

The first quarter yielded several notable financial metrics:

• - Annualized total return since inception: 10.88%.
• - Net investment income per share: $0.59, with a weighted average yield on debt investments standing firm at 10.0%.
• - Earnings per share were reported at: $(-0.05).
• - Annualized distribution rate: 10.6%, with declared distributions totaling $0.69 per share.
• - Net asset value per share as of March 31, 2026: $26.15.

The investment funding during this quarter totaled $221.0 million, with significant contributions from both new and existing portfolio companies. This proactive investment approach reflects the fund's strategy of identifying and exploiting growth opportunities within the private credit sector.

Recent Developments

Noteworthy developments subsequent to the quarter end include the declaration of a regular distribution of $0.20 per share, which is slated to be payable on or around May 29, 2026. This indicates OCREDIT's dedication to providing consistent returns to its shareholders. Additionally, from April 1 to May 6, 2026, the fund successfully raised $23.5 million from common shareholders through its public offering programs.

Investment Strategy and Market Outlook

The OCREDIT investment strategy principally involves directly originating private financing solutions tailored for larger companies, primarily focusing on senior secured lending. With recent macroeconomic trends favoring robust credit solutions, OCREDIT's strategic focus is expected to be beneficial as it continues to navigate the complexities of the current financial environment. The company's diverse industry exposure and strong portfolio management practices position it well for future growth and resilience.

Conclusion

OCREDIT's latest financial results showcase the fund's capacity to adapt and thrive within the competitive landscape of private credit investing. With continued focus on generating favorable returns and strategically navigating market opportunities, T. Rowe Price OHA Select Private Credit Fund remains a key player in the investment landscape, committed to delivering value to its investors. Stakeholders will do well to remain attentive to OCREDIT’s ongoing developments and strategic moves moving forward.