T. Rowe Price and Goldman Sachs Launch New Interval Fund Offering Private Market Exposure
T. Rowe Price, in collaboration with Goldman Sachs Asset Management (GSAM), has launched the T. Rowe Price Goldman Sachs Private Markets Fund, an interval fund designed to provide individual investors access to institutional-quality private market opportunities through a single professionally managed portfolio. The new fund aims to overcome traditional barriers such as high minimums and complex tax reporting by offering lower investment thresholds, daily pricing, simplified 1099 tax forms, and no accreditation requirements. It combines T. Rowe Price's expertise in multi-asset strategies with GSAM’s global alternatives platform and Oak Hill Advisors' private credit capabilities. Managed by a team of experienced portfolio managers from T. Rowe Price, the fund is part of an ongoing strategic collaboration between the two firms to develop public-private investment solutions for retirement and wealth management clients.
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