Portfolio Manager, Private Market Solutions

Requisition Number: 78403

Position Title:

External Description:

Role Summary

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 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 that 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.

Responsibilities

• 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 opportunities
  • Support T. Rowe Price’s Alternatives expansion
  • Subject matter expert on trends in private market investment offerings

Qualifications

Required:

• Bachelor’s Degree AND
• Minimum 10+ years broad private market experience, including: equity, infrastructure, real estate, and credit
• Deep knowledge of private market structures and related operations
• Strong communication and presentation skills
• Experience in client-facing activities
• Strong organizational, time management, and relationship management skills
• Series 7 and 63 or must obtain within 3 months of hire
• Willingness to travel

Preferred:

• Advanced degree and/or CFA/CAIA designation
• Portfolio management experience preferred; will consider other multi-strategy investment-related roles

FINRA Requirements

FINRA licenses are required and will be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

City:

State:

Community / Marketing Title: Portfolio Manager, Private Market Solutions

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.