T. Rowe Price’s Oak Hill Advisors forms partnership with Aspida

T. Rowe Price’s (TROW) alternative credit subsidiary Oak Hill Advisors and annuity company Aspida Holdings announced they are forming a strategic partnership to support the growth of their respective businesses. In connection with this announcement, T. Rowe Price and OHA expect to manage certain Aspida public and private assets. In addition, T. Rowe Price, OHA, and Aspida will explore product development and other growth initiatives. T. Rowe Price is an existing equity investor in Aspida, having previously taken a minority interest to support the long-term growth of the business.