T. Rowe Price completed the acquisition of Oak Hill Advisors from Wafra for $4.2bn.

T. Rowe Price, a global investment management organization, completed the acquisition of Oak Hill Advisors, an alternative credit manager, from Wafra, an investment firm, for $4.2bn. "We are very pleased to reach today's milestone and to welcome the talented OHA team to T. Rowe Price. This acquisition allows us to broaden our private markets business and add new capabilities in an area of tremendous client interest and growth," Rob Sharps, T. Rowe Price President.