Portfolio Manager, Private Market Solutions

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.

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, 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 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.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$225,000.00-$325,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$225,000.00-$325,000.00 for the location of: Washington, D.C.
$225,000.00-$325,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

• Competitive compensation

• Annual bonus eligibility

• A generous retirement plan

• Hybrid work schedule

• Health and wellness benefits, including online therapy

• Paid time off for vacation, illness, medical appointments, and volunteering days

• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

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.

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