T. Rowe Price, Goldman Sachs AM Launch Private Markets Interval Fund
T. Rowe Price and Goldman Sachs Asset Management (GSAM) have launched the T. Rowe Price Goldman Sachs Private Markets Fund, an interval fund designed to provide individual investors with broader access to institutional-quality private market investments through a diversified, professionally managed portfolio.
The fund invests across private equity, private credit, private real estate, private infrastructure and leveraged loans, offering investors exposure to multiple private asset classes within a single investment vehicle.
The strategy features lower investment minimums, daily net asset value pricing, professional portfolio management, simplified 1099 tax reporting and no investor accreditation requirement, making private markets more accessible to retail and wealth management investors.
The portfolio will be managed by Vikram Natu, portfolio manager; Som Priestley, head of global investment solutions, Americas, and portfolio manager; and David DiPietro, head of private equity and portfolio manager at T. Rowe Price.
The launch represents the latest product developed under the strategic partnership announced by T. Rowe Price and Goldman Sachs Asset Management in September 2025. The firms previously introduced public-private model portfolios and plan to expand the collaboration with target-date and advisory solutions later this year.
“The T. Rowe Price Goldman Sachs Private Markets Fund addresses the structural obstacles that have historically prevented investors from accessing private markets with a single fund that can serve as a complementary investment allocation in a wealth portfolio,” said Kevin Collins, head of U.S. intermediaries at T. Rowe Price.
Greg Wilson, co-head of Americas third-party wealth and global head of retirement for Goldman Sachs Asset Management, called the launch “another milestone” in the firms’ effort to deliver private market solutions for diversified wealth portfolios.
The fund is offered in A, D, and Institutional share classes, with minimum initial investments ranging from $2,500 for retail shares to $1 million for institutional investors. Liquidity is provided through quarterly repurchase offers, typically for up to 5% of outstanding shares at net asset value, with the flexibility to repurchase as much as 25% under certain circumstances.