Portfolio Manager, Private Market Solutions

6 days ago Be among the first 25 applicants

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

T. Rowe Price, with over 8,000 associates and $1.68 trillion in assets under management globally (as of June 30, 2025), is a leader in the investment management industry. The Global Multi‑Asset Division manages more than $550 billion across diverse investment strategies, making it one of the largest multi‑asset managers worldwide. In recent years, the firm has expanded its footprint in alternatives through the acquisition of Oak Hill Advisors and a strategic collaboration with Goldman Sachs, enhancing its capabilities in both public and private market solutions.

Growing private market offerings is a strategic priority for T. Rowe Price, and the Portfolio Manager, Private Market Solutions role is a unique opportunity to contribute to this key initiative and help shape the future of the firm’s investment platform.

This role is open to candidates based in either Baltimore, MD or NYC.

The Portfolio Manager, Private Market Solutions will co‑manage a range of strategies, including registered funds, that incorporate public and private market components, serving as portfolio manager and lead representative.

• This role reports to the Head of Global Investment Solutions, Americas in Global Multi‑Asset.
• The portfolio manager has responsibility for a growing suite of public/private funds that integrate T. Rowe Price, OHA and external manager components. Primary responsibilities include:
• Lead representative of T. Rowe Price’s public/private solutions in client meetings, industry conferences, and internal forums.
• Deep engagement in portfolio construction, performance monitoring, underwriting of new investments, and due diligence processes.
• Oversight of core portfolio management functions including liquidity management, capital deployment and component monitoring.
• Support distribution teams in the placement of public/private funds on intermediary client platforms; this may include educating clients on the alternatives landscape and the role these strategies play in portfolio construction.

• Day‑to‑day management of public/private solutions, including:
• Monitoring performance, portfolio positioning and management of liquidity.
• Collaboration with co‑portfolio managers and other members of Global Multi‑Asset.
• Engagement with internal and external private market investment teams.
• Lead investment representative of Public/Private Market Solutions.
• Develop a close partnership with key distribution partners across T. Rowe Price Wealth, Retirement, and Institutional channels.
• Collaborate with third‑party distribution team.
• Represent investment team in client meetings, industry conferences, and other media forums.
• Support creation of sales and marketing collateral.
• Portfolio reviews and monitoring.
• Ongoing assessment of portfolio design and potential allocation adjustments.
• Assessment of risk exposures and implications for portfolio positioning.
• Due diligence and strategy underwriting.
• Product development and innovation.
• Collaborate with investment, product, and distribution colleagues to identify new public/private market…