The T. Rowe Price Goldman Sachs Private Markets Fund attempts to democratize investment categories typically reserved for large institutions, such as private equity, credit, real estate, and infrastructure. By structuring the vehicle as an interval fund, the managers aim to simplify the experience for individual investors through lower minimums, daily pricing, and consolidated 1099 tax reporting. The fund removes the requirement for investor accreditation, targeting a broader segment of the wealth management market.
In section Releases
T. Rowe Price and Goldman Sachs Launch Private Markets Interval Fund
T. Rowe Price and Goldman Sachs Asset Management have launched a new interval fund aimed at providing individual investors with direct access to private market assets. The vehicle combines T. Rowe Price’s multi-asset expertise with Goldman Sachs’ alternatives platform and Oak Hill Advisors’ private credit capabilities to bypass traditional institutional barriers.
Management duties fall to a team of T. Rowe Price veterans, including Vikram Natu, Som Priestley, and David DiPietro. The fund operates under a quarterly repurchase structure, allowing investors periodic liquidity for up to 25% of outstanding shares, though the managers caution that the fund should be viewed as a long-term, illiquid commitment. This launch represents the latest stage of a strategic alliance between the two firms that began in September 2025, following the release of model portfolios last year.
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