T. Rowe Price Private Credit Fund Declares $0.69 Q1 Distribution, Grows Portfolio by $126.5M
T. Rowe Price OHA Select Private Credit Fund reported Q1 2026 distributions of $0.69 per share, net investment income of $0.59 per share and NAV per share of $26.15. The fund added six new portfolio companies for $126.5 million net growth, managing a $3.0 billion portfolio with a 10.0% yield.
1. Distribution and Income Performance
For the quarter ended March 31, 2026, the fund declared total distributions of $0.69 per share, corresponding to an annualized distribution rate of 10.6%. Net investment income per share was $0.59, earnings per share was $(0.05), and net asset value per share stood at $26.15.
2. Portfolio Growth and Yield
During Q1, the fund added six new portfolio companies across diverse industries, resulting in net investment fundings of $126.5 million. The investment portfolio reached $2.98 billion in fair value, comprising 139 companies across 22 sectors, with a weighted average yield of 10.0% on debt and income-producing investments.
3. Balance Sheet and Capital Activity
As of March 31, debt-to-equity remained 0.90x with total net debt of $1,468.9 million at a 6.0% average rate. The fund issued new Class I, S and D shares raising $91.9 million in proceeds and declared an additional $0.20 per share distribution payable May 29, 2026.