N-2 - $ / shares

9 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Cover [Abstract]

Entity Central Index Key

0001901164

Amendment Flag

false

Securities Act File Number

814-01561

Document Type

10-Q

Entity Registrant Name

T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND

Entity Address, Address Line One

1 Vanderbilt

Entity Address, Address Line Two

16th Floor

Entity Address, City or Town

New York

Entity Address, State or Province

NY

Entity Address, Postal Zip Code

10017

City Area Code

212

Local Phone Number

326-1500

Entity Emerging Growth Company

true

Entity Ex Transition Period

false

General Description of Registrant [Abstract]

Investment Objectives and Practices [Text Block]

The Company's investment objective is to generate attractive risk-adjusted returns, predominately in the form of current income, with select investments capturing long-term capital appreciation, while maintaining a strong focus on downside protection. The Company invests primarily in directly originated and customized private financing solutions, including loans and other debt securities with a strong focus on senior secured lending to larger companies. The Company primarily targets investments in first lien loans, unitranche loans, second lien loans and other corporate secured debt. The Company may also invest in equity interests such as common stock, preferred stock, warrants or options, which generally would be obtained as part of providing a broader financing solution. Under normal circumstances, the Company will invest directly or indirectly at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit. We were formed to make investments and generate returns in the form of current income and long-term capital appreciation. From inception through September 30, 2023, we have invested approximately $867.5 million million in aggregate cost of debt investments prior to any subsequent exits or repayments, including the $521.4 million of debt investments acquired through an in-kind contribution on June 30, 2023.

While most of our investments will be in U.S. companies, from time to time, we also expect to invest in European and other non-U.S. companies. Our portfolio may also include equity interests such as common stock, preferred stock, warrants or options, which generally would be obtained as part of providing a broader financing solution. Under normal circumstances, we will invest directly or indirectly at least 80% of our total assets (net assets plus borrowings for investment purposes) in private credit.

Risk Factors [Table Text Block]

In addition to the other information set forth in this Quarterly Report, you should carefully consider the risk factor described in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 as well as the risk factors set forth under the section captioned “Risk Factors” in the prospectus filed pursuant to Rule 424(b)(3) under the Securities Act on September 29, 2023, which could materially affect our business, financial condition and/or operating results. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results. There have been no material changes to the risk factors set forth in the prospectus filed on September 29, 2023.

NAV Per Share

$ 27.49

$ 24.85